Resideo Technologies Inc (REZI)
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 | 2,743,000 | 2,615,000 | 2,622,000 | 2,495,000 | 2,502,000 | 2,450,000 | 2,481,000 | 2,339,000 | 2,541,000 | 2,507,000 | 2,356,000 | 2,220,000 | 2,225,000 | 1,923,000 | 1,843,000 | 1,993,000 | 1,785,000 | 1,840,000 | 1,846,000 | 1,862,000 |
| Total current liabilities | US$ in thousands | 1,525,000 | 1,467,000 | 1,524,000 | 1,469,000 | 1,546,000 | 1,542,000 | 1,579,000 | 1,546,000 | 1,494,000 | 1,532,000 | 1,511,000 | 1,446,000 | 1,538,000 | 1,645,000 | 1,662,000 | 1,755,000 | 1,494,000 | 1,551,000 | 1,559,000 | 1,559,000 |
| Current ratio | 1.80 | 1.78 | 1.72 | 1.70 | 1.62 | 1.59 | 1.57 | 1.51 | 1.70 | 1.64 | 1.56 | 1.54 | 1.45 | 1.17 | 1.11 | 1.14 | 1.19 | 1.19 | 1.18 | 1.19 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,743,000K ÷ $1,525,000K
= 1.80
The current ratio of Resideo Technologies Inc has been relatively stable over the past eight quarters, ranging from 1.51 to 1.80. This ratio indicates the company's ability to meet its short-term financial obligations with its current assets.
The current ratio has generally been above 1, which suggests that Resideo Technologies Inc has had sufficient current assets to cover its current liabilities each quarter. The gradual increase in the current ratio from 1.51 in Q1 2022 to 1.80 in Q4 2023 indicates an improvement in the company's liquidity position over this period.
Overall, Resideo Technologies Inc's current ratio trend reflects a strong liquidity position, providing a cushion to meet its short-term obligations. However, it is essential to consider other financial metrics and industry benchmarks for a more comprehensive assessment of the company's financial health.