Honeywell International Inc (HON)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 23,502,000 | 24,982,000 | 25,372,000 | 28,175,000 | 24,303,000 |
| Total current liabilities | US$ in thousands | 18,539,000 | 19,938,000 | 19,508,000 | 19,197,000 | 18,098,000 |
| Current ratio | 1.27 | 1.25 | 1.30 | 1.47 | 1.34 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $23,502,000K ÷ $18,539,000K
= 1.27
The current ratio of Honeywell International Inc has demonstrated some fluctuations over the past five years. In 2023, the current ratio stands at 1.27, slightly higher compared to the previous year's ratio of 1.25. Despite this increase, the current ratio remains relatively stable within a range of 1.25 to 1.47 over the last five years, indicating that the company has generally maintained a healthy ability to meet its short-term obligations using its current assets.
While a current ratio above 1.0 suggests that the company has more current assets than current liabilities, the decreasing trend observed from 1.47 in 2020 to 1.27 in 2023 may indicate some tightening liquidity position over the past few years. It is essential for stakeholders to monitor this trend closely to ensure that the company can continue to meet its short-term obligations effectively.
Overall, the current ratio of Honeywell International Inc reveals a stable but slightly decreasing trend in recent years, signaling a need for ongoing attention to the company's liquidity management.
Peer comparison
Dec 31, 2023