Howmet Aerospace Inc (HWM)
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 | 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 | 5,843,000 | 5,908,000 | 6,018,000 | 6,053,000 |
| Total current liabilities | US$ in thousands | 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 | 4,125,000 | 4,460,000 | 3,621,000 | 3,659,000 |
| Current ratio | 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 | 1.42 | 1.32 | 1.66 | 1.65 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,316,000K ÷ $1,784,000K
= 1.86
The current ratio of Howmet Aerospace Inc has been relatively stable over the past eight quarters, ranging from 1.86 to 2.22. A current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests a healthy liquidity position. The current ratio peaked at 2.22 in Q2 2023 and Q1 2022, indicating the highest level of liquidity during those periods. This indicates that the company has sufficient short-term assets to cover its short-term obligations. Overall, the consistent current ratio above 1.5 demonstrates Howmet Aerospace's ability to meet its short-term financial obligations comfortably.
Peer comparison
Dec 31, 2023