Otis Worldwide Corp (OTIS)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,400,000 | 6,749,000 | 6,417,000 | 6,153,000 | 6,143,000 | 5,829,000 | 6,150,000 | 7,844,000 | 8,261,000 | 6,375,000 | 6,681,000 | 6,346,000 | 6,493,000 | 6,271,000 | 6,392,000 | 5,514,000 |
| Total current liabilities | US$ in thousands | 6,479,000 | 6,749,000 | 7,158,000 | 6,823,000 | 6,843,000 | 5,992,000 | 6,338,000 | 6,651,000 | 6,247,000 | 6,363,000 | 6,716,000 | 6,395,000 | 6,673,000 | 6,291,000 | 5,762,000 | 5,355,000 |
| Current ratio | 0.99 | 1.00 | 0.90 | 0.90 | 0.90 | 0.97 | 0.97 | 1.18 | 1.32 | 1.00 | 0.99 | 0.99 | 0.97 | 1.00 | 1.11 | 1.03 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,400,000K ÷ $6,479,000K
= 0.99
The current ratio of Otis Worldwide Corp fluctuated over the past eight quarters, ranging from 0.90 to 1.26. The current ratio measures the company's ability to pay its short-term obligations with its current assets. A current ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities using its current assets alone. Otis Worldwide Corp's current ratio has hovered close to 1 in recent quarters, suggesting that the company may have had some challenges in meeting its short-term obligations with its current assets. It would be advisable to further investigate the components of current assets and liabilities to better understand the company's liquidity position and its ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2023