Lear Corporation (LEA)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,184,100 | 7,808,500 | 7,780,800 | 7,907,700 | 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 |
| Total current liabilities | US$ in thousands | 5,447,000 | 5,892,700 | 5,817,800 | 5,943,000 | 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 |
| Current ratio | 1.32 | 1.33 | 1.34 | 1.33 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,184,100K ÷ $5,447,000K
= 1.32
The current ratio of Lear Corporation has shown a relatively stable trend over the past few years, hovering around the range of 1.29 to 1.42. This indicates that the company has been able to maintain a healthy level of current assets relative to its current liabilities. As of December 31, 2024, the current ratio stood at 1.32, indicating that the company had $1.32 in current assets for every $1 of current liabilities. This suggests that Lear Corporation is generally in a good position to meet its short-term financial obligations. It is important to continue monitoring the current ratio to ensure the company's liquidity remains stable and adequate for its operational needs.
Peer comparison
Dec 31, 2024