Raytheon Technologies Corp (RTX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,578,000 | 6,682,000 | 6,011,000 | 5,607,000 | 6,587,000 | 5,456,000 | 5,391,000 | 5,893,000 | 6,220,000 | 5,381,000 | 4,767,000 | 6,040,000 | 7,832,000 | 7,476,000 | 8,051,000 | 8,579,000 | 8,802,000 | 10,001,000 | 6,975,000 | 6,025,000 |
| Short-term investments | US$ in thousands | 786,000 | 746,000 | 714,000 | 705,000 | 745,000 | 737,000 | 719,000 | 703,000 | 774,000 | 740,000 | 788,000 | 857,000 | 965,000 | 965,000 | 71,000 | 879,000 | 881,000 | — | — | 1,976,000 |
| Receivables | US$ in thousands | 10,976,000 | 10,097,000 | 10,252,000 | 10,280,000 | 10,838,000 | 10,058,000 | 9,903,000 | 10,069,000 | 9,108,000 | 9,233,000 | 10,394,000 | 9,076,000 | 9,661,000 | 9,538,000 | 8,912,000 | 10,037,000 | 9,254,000 | 10,115,000 | 9,496,000 | 13,104,000 |
| 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 |
| Quick ratio | 0.34 | 0.34 | 0.34 | 0.37 | 0.39 | 0.36 | 0.38 | 0.42 | 0.41 | 0.40 | 0.42 | 0.46 | 0.52 | 0.53 | 0.49 | 0.54 | 0.53 | 0.57 | 0.47 | 0.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,578,000K
+ $786,000K
+ $10,976,000K)
÷ $51,499,000K
= 0.34
The quick ratio for Raytheon Technologies Corp has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, decreased from 0.67 on March 31, 2020, to 0.34 on December 31, 2024.
This downward trend in the quick ratio indicates a potential weakening in the company's short-term liquidity position. A quick ratio below 1.0 may suggest that Raytheon Technologies Corp may have difficulty meeting its current liabilities using only its most liquid assets.
It is crucial for investors and stakeholders to closely monitor Raytheon Technologies Corp's quick ratio to assess its ability to cover short-term obligations and manage liquidity effectively. Management may need to take appropriate measures to improve the quick ratio levels to ensure sustainable financial health and stability.
Peer comparison
Dec 31, 2024