Resideo Technologies Inc (REZI)
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 | 3,172,000 | 3,037,000 | 2,884,000 | 2,677,000 | 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 |
| Total current liabilities | US$ in thousands | 1,790,000 | 1,672,000 | 1,594,000 | 1,385,000 | 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 |
| Current ratio | 1.77 | 1.82 | 1.81 | 1.93 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,172,000K ÷ $1,790,000K
= 1.77
The current ratio of Resideo Technologies Inc has shown a generally increasing trend over the past few years, starting at 1.14 as of March 31, 2020, and reaching 1.77 by December 31, 2024. This indicates a positive liquidity position for the company, as its current assets are sufficient to cover its current liabilities.
The ratio peaked at 1.93 on March 31, 2024, suggesting a strong ability to meet short-term obligations. However, there was a slight decline in the current ratio in the subsequent quarters, with the ratio hovering between 1.77 to 1.80 towards the end of 2024.
Overall, the company's current ratio demonstrates an improving liquidity position, although management should continue to monitor it to ensure the company remains capable of meeting its short-term financial obligations.