Howmet Aerospace Inc (HWM)
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 | 3,362,000 | 3,391,000 | 3,603,000 | 3,340,000 | 3,316,000 | 3,111,000 | 3,128,000 | 3,057,000 | 3,143,000 | 2,846,000 | 2,837,000 | 2,782,000 | 2,737,000 | 2,820,000 | 2,799,000 | 3,328,000 | 3,672,000 | 3,600,000 | 3,702,000 | 6,948,000 |
| Total current liabilities | US$ in thousands | 1,549,000 | 1,517,000 | 2,358,000 | 1,698,000 | 1,784,000 | 1,454,000 | 1,410,000 | 1,403,000 | 1,482,000 | 1,381,000 | 1,322,000 | 1,255,000 | 1,253,000 | 1,208,000 | 1,227,000 | 1,680,000 | 1,660,000 | 1,577,000 | 1,658,000 | 4,107,000 |
| Current ratio | 2.17 | 2.24 | 1.53 | 1.97 | 1.86 | 2.14 | 2.22 | 2.18 | 2.12 | 2.06 | 2.15 | 2.22 | 2.18 | 2.33 | 2.28 | 1.98 | 2.21 | 2.28 | 2.23 | 1.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,362,000K ÷ $1,549,000K
= 2.17
The current ratio of Howmet Aerospace Inc has displayed fluctuations over the past few years, ranging from a low of 1.53 on June 30, 2024, to a high of 2.33 on September 30, 2021. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations.
The company's current ratio reached its peak levels in late 2021 and early 2022, indicating a strong liquidity position during that period. However, there was a decline in the ratio in the latter half of 2023 and into 2024, potentially signaling a decrease in the company's ability to cover its short-term liabilities with current assets.
It is essential for investors and stakeholders to continue monitoring Howmet Aerospace's current ratio to assess the company's liquidity position and its ability to manage short-term financial obligations effectively. fluctuations in the current ratio can provide valuable insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024