Newell Brands Inc (NWL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,354,000 | 4,052,000 | 4,352,000 | 4,628,000 | 4,110,000 |
| Total current liabilities | US$ in thousands | 2,897,000 | 3,078,000 | 3,317,000 | 3,621,000 | 2,978,000 |
| Current ratio | 1.16 | 1.32 | 1.31 | 1.28 | 1.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,354,000K ÷ $2,897,000K
= 1.16
The current ratio of Newell Brands Inc has exhibited a slight decline over the past five years, with a value of 1.16 as of December 31, 2023, compared to 1.32 in December 31, 2022. This indicates that the company's short-term liquidity position has weakened slightly. However, it is important to note that a current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally viewed positively in terms of liquidity. Newell Brands Inc should continue to monitor its current ratio closely to ensure it maintains a healthy balance between current assets and current liabilities to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023