Linde plc Ordinary Shares (LIN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	12,620,000	13,047,000	10,159,000	10,924,000	10,352,000
Total current liabilities	US$ in thousands	15,717,000	16,479,000	13,643,000	13,740,000	12,160,000
Current ratio		0.80	0.79	0.74	0.80	0.85

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $12,620,000K ÷ $15,717,000K
= 0.80

The current ratio of Linde Plc. has shown fluctuations over the past five years, ranging from 0.74 to 0.85. The ratio indicates the company's ability to cover its short-term obligations with its current assets. A current ratio below 1 suggests potential liquidity issues, as current liabilities exceed current assets.

In 2023, the current ratio decreased to 0.80 from 0.79 in 2022, indicating a slight improvement in liquidity. However, the ratio remains below 1, suggesting that Linde Plc. may struggle to meet its short-term obligations with its current assets alone.

Comparing the current ratio to previous years, 2021 had the lowest ratio at 0.74, indicating a potential liquidity challenge during that period. The ratio improved in 2022 but then slightly decreased in 2023.

Overall, the trend in Linde Plc.'s current ratio suggests varying levels of liquidity over the years, with the company needing to closely monitor its ability to cover short-term liabilities with current assets.