Sherwin-Williams Co (SHW)
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 | 5,512,900 | 6,198,800 | 6,350,600 | 6,292,800 | 5,907,700 | 6,117,200 | 6,259,500 | 6,086,400 | 5,053,700 | 5,378,400 | 5,185,700 | 5,109,600 | 4,591,400 | 5,175,600 | 4,883,200 | 4,928,000 | 4,631,700 | 4,907,700 | 5,090,000 | 4,815,200 |
| Total current liabilities | US$ in thousands | 6,626,900 | 6,623,200 | 6,339,100 | 6,306,000 | 5,960,700 | 6,096,000 | 7,198,200 | 6,953,100 | 5,719,500 | 6,478,500 | 6,190,400 | 5,651,600 | 4,594,400 | 4,358,300 | 4,459,600 | 5,220,200 | 4,521,900 | 4,865,800 | 6,342,600 | 5,000,600 |
| Current ratio | 0.83 | 0.94 | 1.00 | 1.00 | 0.99 | 1.00 | 0.87 | 0.88 | 0.88 | 0.83 | 0.84 | 0.90 | 1.00 | 1.19 | 1.09 | 0.94 | 1.02 | 1.01 | 0.80 | 0.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,512,900K ÷ $6,626,900K
= 0.83
The current ratio of Sherwin-Williams Co. fluctuated over the past eight quarters, ranging from 0.83 to 1.00. In the most recent quarter, the current ratio was 0.83, indicating that the company may have difficulty meeting its short-term obligations, as its current assets may not be sufficient to cover its current liabilities. However, in the earlier quarters, the current ratio was at or close to 1.00, suggesting a healthier financial position with current assets roughly equal to current liabilities.
The downward trend in the current ratio over the past few quarters may raise concerns about the company's liquidity and ability to manage short-term financial commitments. Shareholders and potential investors may monitor these trends closely to assess Sherwin-Williams Co.'s ability to sustain its operations and financial health in the future.
Peer comparison
Dec 31, 2023