Raytheon Technologies Corp (RTX)
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 | 51,133,000 | 51,764,000 | 49,225,000 | 48,023,000 | 48,417,000 | 46,518,000 | 45,915,000 | 45,504,000 | 42,443,000 | 41,821,000 | 41,462,000 | 40,740,000 | 42,050,000 | 41,992,000 | 40,879,000 | 42,552,000 | 43,376,000 | 43,511,000 | 42,274,000 | 38,875,000 |
| Total current liabilities | US$ in thousands | 51,499,000 | 52,247,000 | 49,565,000 | 45,019,000 | 46,761,000 | 45,002,000 | 41,760,000 | 40,128,000 | 39,114,000 | 38,373,000 | 37,788,000 | 35,057,000 | 35,449,000 | 34,131,000 | 34,794,000 | 36,359,000 | 35,848,000 | 35,562,000 | 35,291,000 | 31,502,000 |
| Current ratio | 0.99 | 0.99 | 0.99 | 1.07 | 1.04 | 1.03 | 1.10 | 1.13 | 1.09 | 1.09 | 1.10 | 1.16 | 1.19 | 1.23 | 1.17 | 1.17 | 1.21 | 1.22 | 1.20 | 1.23 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $51,133,000K ÷ $51,499,000K
= 0.99
The current ratio of Raytheon Technologies Corp has shown some fluctuations over the past few years. It decreased from 1.23 as of March 31, 2020, to a low of 0.99 as of June 30, 2024. A current ratio above 1 indicates that the company has more current assets than current liabilities, implying good short-term liquidity. However, a declining trend in the current ratio may raise concerns about the company's ability to meet its short-term obligations efficiently.
It's worth noting that the current ratio slightly improved to 1.07 as of March 31, 2024, after reaching its lowest point. The management should carefully monitor and manage the company's current assets and liabilities to ensure they maintain an adequate level of liquidity to meet their short-term financial obligations. Additionally, investors and stakeholders should closely follow the trend in the current ratio to assess the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2024