Johnson Controls International PLC (JCI)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,179,000 | 10,737,000 | 11,685,000 | 9,998,000 | 10,053,000 |
| Total current liabilities | US$ in thousands | 11,955,000 | 11,084,000 | 11,239,000 | 9,098,000 | 8,248,000 |
| Current ratio | 0.94 | 0.97 | 1.04 | 1.10 | 1.22 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,179,000K ÷ $11,955,000K
= 0.94
The current ratio of Johnson Controls International PLC has shown a decreasing trend over the past five years, declining from 1.22 in 2020 to 0.94 in 2024. This indicates that the company's current assets may be insufficient to cover its current liabilities. While a current ratio below 1.0 may raise concerns about the company's short-term liquidity and ability to meet its obligations, it is essential to consider the industry norms and specific circumstances of the company. Further analysis of the components contributing to the current ratio, such as accounts receivable, inventory, and current liabilities, would provide a more in-depth understanding of Johnson Controls' liquidity position.
Peer comparison
Sep 30, 2024