Raytheon Technologies Corp (RTX)
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 | 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 | 61,577,000 | 37,816,000 | 37,058,000 | 35,402,000 |
| Total current liabilities | US$ in thousands | 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 | 46,594,000 | 35,567,000 | 35,422,000 | 31,403,000 |
| Current ratio | 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 | 1.32 | 1.06 | 1.05 | 1.13 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $48,417,000K ÷ $46,761,000K
= 1.04
The current ratio of RTX Corp has shown some fluctuations over the past eight quarters. It was consistently above 1, indicating a healthy liquidity position, from Q4 2022 to Q2 2023. However, there was a slight decline in the current ratio in Q3 and Q4 2023, hovering around 1.03 to 1.04. While these ratios are still above 1, suggesting that the company's current assets can cover its current liabilities, the downward trend raises a potential concern about its ability to meet short-term obligations. Further monitoring of the company's liquidity position and management of its current assets and liabilities may be warranted to ensure financial stability and solvency.
Peer comparison
Dec 31, 2023