Honeywell International Inc (HON)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 27,908,000 | 28,164,000 | 25,369,000 | 27,434,000 | 23,502,000 | 23,320,000 | 24,183,000 | 22,510,000 | 24,982,000 | 22,525,000 | 23,847,000 | 24,281,000 | 25,372,000 | 26,033,000 | 25,652,000 | 25,587,000 | 28,175,000 | 28,200,000 | 28,321,000 | 22,613,000 |
| Total current liabilities | US$ in thousands | 21,256,000 | 19,534,000 | 21,044,000 | 16,488,000 | 18,539,000 | 17,227,000 | 17,174,000 | 17,896,000 | 19,938,000 | 18,109,000 | 19,947,000 | 20,027,000 | 19,508,000 | 20,207,000 | 18,143,000 | 17,950,000 | 19,197,000 | 17,184,000 | 17,341,000 | 17,377,000 |
| Current ratio | 1.31 | 1.44 | 1.21 | 1.66 | 1.27 | 1.35 | 1.41 | 1.26 | 1.25 | 1.24 | 1.20 | 1.21 | 1.30 | 1.29 | 1.41 | 1.43 | 1.47 | 1.64 | 1.63 | 1.30 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $27,908,000K ÷ $21,256,000K
= 1.31
The current ratio of Honeywell International Inc has fluctuated over the past few years, ranging from 1.20 to 1.66. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.
Honeywell's current ratio peaked at 1.66 on March 31, 2024, which suggests that the company had more than enough current assets to cover its short-term liabilities at that point in time. However, the ratio declined to 1.20 on June 30, 2022, indicating a potential strain on the company's liquidity and ability to meet its short-term obligations.
Overall, the current ratio of Honeywell International Inc has shown some variability, with some fluctuations that may warrant further investigation into the company's liquidity position and management of current assets and liabilities.
Peer comparison
Dec 31, 2024