Honeywell International Inc (HON)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 10,567,000 | 10,644,000 | 9,576,000 | 11,756,000 | 7,925,000 | 7,770,000 | 8,626,000 | 6,869,000 | 9,627,000 | 7,449,000 | 8,248,000 | 9,281,000 | 10,959,000 | 11,087,000 | 11,427,000 | 11,718,000 | 14,275,000 | 14,036,000 | 13,778,000 | 7,721,000 |
| Short-term investments | US$ in thousands | 386,000 | 275,000 | 231,000 | 249,000 | 170,000 | 164,000 | 143,000 | 371,000 | 483,000 | 516,000 | 411,000 | 493,000 | 564,000 | 1,049,000 | 891,000 | 942,000 | 945,000 | 972,000 | 1,349,000 | 1,070,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.52 | 0.56 | 0.47 | 0.73 | 0.44 | 0.46 | 0.51 | 0.40 | 0.51 | 0.44 | 0.43 | 0.49 | 0.59 | 0.60 | 0.68 | 0.71 | 0.79 | 0.87 | 0.87 | 0.51 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($10,567,000K
+ $386,000K
+ $—K)
÷ $21,256,000K
= 0.52
The quick ratio of Honeywell International Inc has fluctuated over the time period under review. It stood at 0.51 as of March 31, 2020, indicating the company had $0.51 in liquid assets available to cover each dollar of current liabilities. The ratio improved to 0.87 by June 30, 2020, demonstrating a stronger liquidity position. This trend continued through September 30, 2020, but dipped slightly to 0.79 by December 31, 2020.
Subsequently, the quick ratio declined to 0.71 as of March 31, 2021, signaling a slight decrease in the company's ability to quickly cover its short-term liabilities. This downward trend persisted, with the ratio further decreasing to 0.68 by June 30, 2021, and dropping to 0.60 by September 30, 2021.
The quick ratio continued to decline, reaching 0.59 by December 31, 2021, and further decreasing to 0.49 by March 31, 2022. The ratio hit its lowest point of 0.43 by June 30, 2022, indicating potential liquidity challenges for the company. However, there was a slight improvement to 0.44 by September 30, 2022.
By December 31, 2022, the quick ratio increased to 0.51, suggesting a better liquidity position. This improvement was sustained through March 31, 2023, when the ratio was 0.40. However, the ratio rebounded to 0.51 by June 30, 2023, before declining to 0.46 by September 30, 2023, and 0.44 by December 31, 2023.
The ratio then experienced a significant increase to 0.73 by March 31, 2024, indicating a strong liquidity position. However, it dropped to 0.47 by June 30, 2024, before increasing to 0.56 by September 30, 2024, and settling at 0.52 by December 31, 2024. Overall, the fluctuating quick ratio of Honeywell International Inc reflects variations in its ability to quickly cover its short-term obligations with liquid assets over the analyzed period.
Peer comparison
Dec 31, 2024