KBR Inc (KBR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,651,000 | 1,747,000 | 2,152,000 | 1,634,000 | 2,011,000 |
| Total current liabilities | US$ in thousands | 1,572,000 | 1,821,000 | 1,875,000 | 1,455,000 | 1,501,000 |
| Current ratio | 1.05 | 0.96 | 1.15 | 1.12 | 1.34 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,651,000K ÷ $1,572,000K
= 1.05
The current ratio of KBR Inc has fluctuated over the past five years. As of December 31, 2023, the current ratio stands at 1.05, indicating that the company has $1.05 in current assets for every $1 in current liabilities. This represents a slight improvement compared to the previous year where the current ratio was 0.96 and was below 1, suggesting potential liquidity concerns.
Looking further back, the current ratio was 1.15 in 2021 and 1.12 in 2020, which were both above 1, indicating a healthier liquidity position. However, in 2019, the current ratio was significantly higher at 1.34, suggesting improved liquidity compared to the recent years.
Overall, the fluctuation in the current ratio of KBR Inc indicates varying levels of liquidity over the years, with particular attention needed to ensure that the company maintains a healthy balance between its current assets and liabilities to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023