Textron Inc (TXT)
Current ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,126,000 | 4,468,000 | 4,345,000 | 3,974,000 | 4,252,000 | 4,163,000 | 7,530,000 | 5,513,000 | 8,046,000 | 7,989,000 | 8,222,000 | 3,663,000 | 8,111,000 | 8,200,000 | 8,237,000 | 7,396,000 | 8,467,000 | 8,065,000 | 8,502,000 | 7,065,000 |
| Total current liabilities | US$ in thousands | 943,000 | 4,359,000 | 4,395,000 | 4,378,000 | 4,387,000 | 4,404,000 | 4,289,000 | 3,670,000 | 3,627,000 | 3,474,000 | 3,337,000 | 3,136,000 | 3,052,000 | 3,007,000 | 3,123,000 | 3,270,000 | 3,991,000 | 4,072,000 | 4,515,000 | 48,000 |
| Current ratio | 4.38 | 1.03 | 0.99 | 0.91 | 0.97 | 0.95 | 1.76 | 1.50 | 2.22 | 2.30 | 2.46 | 1.17 | 2.66 | 2.73 | 2.64 | 2.26 | 2.12 | 1.98 | 1.88 | 147.19 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,126,000K ÷ $943,000K
= 4.38
The current ratio of Textron Inc has shown fluctuations over the past few years, indicating changes in its short-term liquidity and ability to meet its current liabilities with current assets.
The current ratio for Textron Inc was exceptionally high at 147.19 as of December 31, 2019, but dropped significantly to 1.88 by March 31, 2020. Over the subsequent quarters, the company improved its current ratio steadily, reaching its peak at 4.38 as of December 31, 2024.
Despite the fluctuations, the general trend of the current ratio indicates that Textron Inc has been able to effectively manage its short-term liquidity position and meet its current obligations. It is essential for investors and stakeholders to monitor the current ratio to assess the company's liquidity position and its ability to cover short-term liabilities.
Peer comparison
Dec 31, 2024