Lear Corporation (LEA)

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	7,636,900	7,737,700	7,831,600	7,578,600	6,994,100	6,924,700	6,685,400	6,928,500	6,765,200	6,594,000	6,854,300	7,040,800	6,776,700	6,598,500	6,048,900	6,908,500	6,406,700	6,618,000	6,736,300	6,597,600
Total current liabilities	US$ in thousands	5,667,200	5,701,400	5,775,200	5,597,600	5,188,300	5,189,800	5,027,600	5,087,100	4,759,900	4,951,500	4,875,400	5,173,300	5,076,700	5,054,500	4,786,800	5,348,500	4,666,200	4,907,800	5,027,000	4,914,400
Current ratio		1.35	1.36	1.36	1.35	1.35	1.33	1.33	1.36	1.42	1.33	1.41	1.36	1.33	1.31	1.26	1.29	1.37	1.35	1.34	1.34

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $7,636,900K ÷ $5,667,200K
= 1.35

The current ratio of Lear Corp. has been relatively stable over the past eight quarters, ranging from 1.33 to 1.36. This indicates that the company has consistently maintained a sufficient level of current assets to cover its current liabilities during this period.

A current ratio above 1 suggests that Lear Corp. has more current assets than current liabilities, providing a cushion to meet its short-term obligations. However, the slight fluctuations in the current ratio may indicate some variability in the company's liquidity position over time.

Overall, the current ratio trend of Lear Corp. suggests a healthy liquidity position, as the company has maintained a ratio above 1 consistently, indicating its ability to meet its short-term financial obligations with its current assets.