Johnson Controls International PLC (JCI)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,179,000 | 12,153,000 | 11,877,000 | 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 |
| Total current liabilities | US$ in thousands | 11,955,000 | 12,724,000 | 13,599,000 | 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 |
| Current ratio | 0.94 | 0.96 | 0.87 | 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 |
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 exhibited a fluctuating trend over the past several quarters, ranging from a low of 0.87 to a high of 1.22. Currently, as of September 30, 2024, the current ratio stands at 0.94.
A current ratio below 1 implies that the company may have difficulties meeting its short-term obligations with its current assets alone. It is important for stakeholders to monitor the trend of the current ratio over time to assess the company's liquidity position and ability to cover its short-term liabilities.
In this case, the current ratio has been relatively volatile, indicating potential fluctuations in the company's liquidity position. Further analysis of the underlying components of current assets and current liabilities may provide insights into the factors driving these changes and the company's overall liquidity management strategy.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Current Ratio (Quarterly Data)