Stanley Black & Decker Inc (SWK)
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 | 7,017,300 | 7,379,100 | 7,839,700 | 8,135,700 | 7,974,700 | 8,804,600 | 9,972,800 | 9,736,200 | 8,526,400 | 6,876,400 | 6,555,700 | 6,523,000 | 6,036,000 | 5,787,000 | 5,769,500 | 5,692,900 | 4,456,600 | 5,328,000 | 5,345,200 | 5,253,900 |
| Total current liabilities | US$ in thousands | 5,883,200 | 5,663,300 | 6,139,600 | 6,239,300 | 6,569,200 | 7,607,000 | 11,760,700 | 10,955,000 | 8,767,400 | 5,580,800 | 5,402,500 | 4,578,400 | 4,558,300 | 4,221,800 | 4,578,300 | 5,370,300 | 4,405,700 | 5,441,900 | 5,653,100 | 5,766,200 |
| Current ratio | 1.19 | 1.30 | 1.28 | 1.30 | 1.21 | 1.16 | 0.85 | 0.89 | 0.97 | 1.23 | 1.21 | 1.42 | 1.32 | 1.37 | 1.26 | 1.06 | 1.01 | 0.98 | 0.95 | 0.91 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,017,300K ÷ $5,883,200K
= 1.19
The current ratio of Stanley Black & Decker Inc has shown fluctuations over the past few quarters. As of Dec 31, 2023, the current ratio stood at 1.19, indicating that the company had $1.19 in current assets for every $1 in current liabilities.
The current ratio has been relatively stable around 1.20 in recent quarters, except for a notable decrease in the ratio during the second quarter of 2022, dropping to 0.85, which could indicate potential liquidity concerns or difficulty in meeting short-term obligations.
Overall, the current ratio of Stanley Black & Decker Inc has generally been above 1, suggesting that the company has typically had sufficient current assets to cover its current liabilities. However, investors and analysts should continue to monitor the trend in the current ratio to assess the company's short-term liquidity position.
Peer comparison
Dec 31, 2023