Motorola Solutions Inc (MSI)
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 | 5,725,000 | 5,032,000 | 4,626,000 | 4,826,000 | 5,255,000 | 4,707,000 | 4,411,000 | 4,280,000 | 5,412,000 | 4,735,000 | 4,660,000 | 3,942,000 | 4,327,000 | 3,971,000 | 4,086,000 | 4,481,000 | 4,178,000 | 4,154,000 | 3,831,000 | 3,714,000 |
| Total current liabilities | US$ in thousands | 5,736,000 | 5,288,000 | 3,766,000 | 3,966,000 | 4,560,000 | 3,768,000 | 3,801,000 | 3,886,000 | 4,063,000 | 3,429,000 | 3,184,000 | 3,095,000 | 3,489,000 | 3,312,000 | 3,480,000 | 3,879,000 | 3,439,000 | 3,656,000 | 2,876,000 | 2,979,000 |
| Current ratio | 1.00 | 0.95 | 1.23 | 1.22 | 1.15 | 1.25 | 1.16 | 1.10 | 1.33 | 1.38 | 1.46 | 1.27 | 1.24 | 1.20 | 1.17 | 1.16 | 1.21 | 1.14 | 1.33 | 1.25 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,725,000K ÷ $5,736,000K
= 1.00
The current ratio of Motorola Solutions Inc has shown some fluctuation over the past eight quarters. In Q4 2023, the current ratio was 1.00, indicating that the company's current assets were equal to its current liabilities. This ratio decreased from the previous quarter, Q3 2023, when it stood at 0.95, suggesting a tighter liquidity position.
Looking back at Q4 2022, the current ratio was 1.15, which was slightly above the industry average. However, the current ratio has generally been above 1, implying that the company has had more than enough current assets to cover its short-term obligations.
In Q2 2023, the current ratio spiked to 1.23, reaching its highest point over the period analyzed. This increase could indicate improved liquidity or efficient management of current assets and liabilities during that quarter. Conversely, in Q3 2022, the current ratio was 1.25, which was close to the Q2 2023 ratio, suggesting a stable liquidity position during that time.
Overall, while the current ratio of Motorola Solutions Inc has experienced fluctuations, it has generally remained above 1, signaling a healthy liquidity position where the company has sufficient current assets to meet its short-term liabilities. Further trend analysis and consideration of industry benchmarks would provide additional insights into the company's financial health.
Peer comparison
Dec 31, 2023