Johnson Controls International PLC (JCI)
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 | 12,054,000 | 10,737,000 | 12,006,000 | 12,756,000 | 11,837,000 | 11,685,000 | 11,559,000 | 11,612,000 | 10,353,000 | 9,998,000 | 10,310,000 | 10,204,000 | 10,034,000 | 10,053,000 | 11,140,000 | 9,955,000 | 11,320,000 | 12,393,000 | 13,042,000 | 12,836,000 |
| Total current liabilities | US$ in thousands | 12,409,000 | 11,084,000 | 11,128,000 | 12,403,000 | 11,563,000 | 11,239,000 | 11,883,000 | 11,654,000 | 9,987,000 | 9,098,000 | 9,285,000 | 8,740,000 | 8,486,000 | 8,248,000 | 10,304,000 | 9,509,000 | 9,692,000 | 9,070,000 | 9,242,000 | 13,441,000 |
| Current ratio | 0.97 | 0.97 | 1.08 | 1.03 | 1.02 | 1.04 | 0.97 | 1.00 | 1.04 | 1.10 | 1.11 | 1.17 | 1.18 | 1.22 | 1.08 | 1.05 | 1.17 | 1.37 | 1.41 | 0.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,054,000K ÷ $12,409,000K
= 0.97
The current ratio of Johnson Controls International plc has shown some fluctuations over the past eight quarters. It was 0.97 in both December 2023 and September 2023, which indicates that the company had $0.97 in current assets for every $1 of current liabilities during these periods.
The ratio increased to 1.08 in June 2023 before declining to 1.03 in March 2023. The ratio had also fluctuated in the previous quarters, ranging from 0.97 to 1.04.
Overall, the current ratio indicates that the company's ability to meet its short-term obligations with its current assets has varied but generally remained close to a one-to-one relationship over the analyzed period. It would be important to assess the composition and quality of current assets and liabilities to better understand the company's liquidity position.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Current Ratio (Quarterly Data)