Newell Brands Inc (NWL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,775,000 | 3,354,000 | 4,052,000 | 4,262,000 | 4,628,000 |
| Total current liabilities | US$ in thousands | 2,437,000 | 2,897,000 | 3,078,000 | 3,317,000 | 3,621,000 |
| Current ratio | 1.14 | 1.16 | 1.32 | 1.28 | 1.28 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,775,000K ÷ $2,437,000K
= 1.14
Based on the provided data, the current ratio of Newell Brands Inc has been relatively stable over the past five years. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In 2020 and 2021, the current ratio was consistent at 1.28. This indicates that for every dollar of current liabilities, Newell Brands had $1.28 of current assets available to cover those obligations.
In 2022, the current ratio increased to 1.32, showing a slight improvement in the company's short-term liquidity position. However, in 2023 and 2024, the ratio decreased to 1.16 and 1.14 respectively, which may signal potential challenges in meeting short-term obligations with current assets.
Overall, the trend in Newell Brands Inc's current ratio suggests a need for monitoring its liquidity position to ensure the company can effectively manage its short-term obligations with available current assets.
Peer comparison
Dec 31, 2024