Honeywell International Inc (HON)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 24,303,000 | 26,188,000 | 23,768,000 | 24,334,000 |
| Total current liabilities | US$ in thousands | 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 | 18,098,000 | 19,915,000 | 19,894,000 | 19,593,000 |
| Current ratio | 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 | 1.34 | 1.31 | 1.19 | 1.24 |
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 shown some fluctuations over the past eight quarters. It ranged from a low of 1.20 in Q2 2022 to a high of 1.41 in Q2 2023. This ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
Honeywell's current ratio has generally been above 1 over the analyzed periods, indicating a strong liquidity position. This suggests that the company has sufficient current assets to meet its short-term obligations. The slight fluctuations in the ratio may be due to changes in the composition of current assets and liabilities, which should be further analyzed to understand the underlying trends. Overall, Honeywell's current ratio appears to reflect a solid financial position in terms of liquidity.
Peer comparison
Dec 31, 2023