Newell Brands Inc (NWL)
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 | 2,775,000 | 3,362,000 | 3,425,000 | 3,401,000 | 3,354,000 | 3,748,000 | 3,839,000 | 4,055,000 | 4,052,000 | 5,148,000 | 4,757,000 | 4,411,000 | 4,262,000 | 4,616,000 | 4,655,000 | 4,385,000 | 4,628,000 | 4,704,000 | 4,286,000 | 3,917,000 |
| Total current liabilities | US$ in thousands | 2,437,000 | 3,402,000 | 3,502,000 | 2,956,000 | 2,897,000 | 3,019,000 | 3,060,000 | 3,291,000 | 3,078,000 | 4,108,000 | 4,630,000 | 3,183,000 | 3,317,000 | 3,709,000 | 3,776,000 | 3,363,000 | 3,621,000 | 3,108,000 | 2,917,000 | 2,951,000 |
| Current ratio | 1.14 | 0.99 | 0.98 | 1.15 | 1.16 | 1.24 | 1.25 | 1.23 | 1.32 | 1.25 | 1.03 | 1.39 | 1.28 | 1.24 | 1.23 | 1.30 | 1.28 | 1.51 | 1.47 | 1.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,775,000K ÷ $2,437,000K
= 1.14
The current ratio for Newell Brands Inc has fluctuated over the period provided, ranging from a low of 0.98 to a high of 1.51. A current ratio of 1 indicates that the company's current assets are equal to its current liabilities. A ratio above 1 signifies that the company has more current assets than liabilities, which is generally viewed positively as it suggests the company is capable of covering its short-term obligations.
From the data provided, we can observe that the current ratio has been somewhat volatile, with fluctuations occurring from quarter to quarter. It reached its highest point of 1.51 on September 30, 2020, indicating a strong position in terms of liquidity at that time. On the other hand, the current ratio dropped to its lowest point of 0.98 on June 30, 2024, suggesting a potential strain on the company's ability to meet its short-term obligations.
It is important to note that a current ratio below 1 would typically raise concerns as it indicates that the company may have difficulty meeting its short-term liabilities with its current assets alone. Therefore, fluctuations in the current ratio should be closely monitored to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024