KBR Inc (KBR)
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 | 1,651,000 | 2,092,000 | 2,374,000 | 1,912,000 | 1,747,000 | 1,719,000 | 1,882,000 | 1,774,000 | 2,152,000 | 2,136,000 | 1,726,000 | 1,628,000 | 1,634,000 | 2,207,000 | 1,897,000 | 1,982,000 | 2,011,000 | 2,107,000 | 1,980,000 | 1,971,000 |
| Total current liabilities | US$ in thousands | 1,572,000 | 2,127,000 | 2,252,000 | 1,928,000 | 1,821,000 | 1,389,000 | 1,492,000 | 1,461,000 | 1,875,000 | 1,788,000 | 1,443,000 | 1,419,000 | 1,455,000 | 1,433,000 | 1,495,000 | 1,627,000 | 1,501,000 | 1,652,000 | 1,563,000 | 1,505,000 |
| Current ratio | 1.05 | 0.98 | 1.05 | 0.99 | 0.96 | 1.24 | 1.26 | 1.21 | 1.15 | 1.19 | 1.20 | 1.15 | 1.12 | 1.54 | 1.27 | 1.22 | 1.34 | 1.28 | 1.27 | 1.31 |
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 shown fluctuations over the past few quarters. It indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 indicates a strong ability to cover short-term obligations.
Looking at the data provided, the current ratio has been volatile, ranging from as low as 0.96 to as high as 1.54. This variability could indicate fluctuations in the company's liquidity position and its ability to manage short-term cash flow requirements effectively.
In recent quarters, the current ratio has generally been above 1, suggesting a relatively solid liquidity position. However, it is important to note the downward trend in the most recent quarter from 1.26 to 1.05. This decrease raises questions about the company's ability to cover its short-term liabilities with its current assets, although the ratio still remains above 1.
Overall, while the current ratio of KBR Inc has fluctuated over the periods analyzed, it remains above 1 in most cases, indicating a generally favorable liquidity position. However, monitoring future trends in the current ratio will be essential to assess the company's ongoing ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023