Textron Inc (TXT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 55,000 | 58,000 | 78,000 | 2,121,000 | 45,000 | 55,000 | 80,000 | 1,963,000 | 67,000 | 1,764,000 | 1,978,000 | 1,922,000 | 1,969,000 | 193,000 | 1,897,000 | 2,146,000 | 152,000 | 170,000 | 183,000 | 1,181,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.06 | 0.01 | 0.02 | 0.48 | 0.01 | 0.01 | 0.02 | 0.53 | 0.02 | 0.51 | 0.59 | 0.61 | 0.65 | 0.06 | 0.61 | 0.66 | 0.04 | 0.04 | 0.04 | 24.60 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($55,000K
+ $—K
+ $—K)
÷ $943,000K
= 0.06
The quick ratio of Textron Inc has fluctuated significantly over the past few years. Starting at a high of 24.60 in December 2019, the ratio dropped sharply to 0.04 by March 2020 and remained at that level until June 2020. There was a slight increase to 0.66 by December 2020, indicating an improvement in the company's ability to meet its short-term obligations without relying on inventory.
However, the quick ratio decreased again to 0.06 by June 2021, showing a potential liquidity challenge. The ratio then stabilized around 0.60 from March 2021 to December 2021, suggesting some stability in the company's short-term financial health.
In the following years, the quick ratio continued to fluctuate, reaching a low point of 0.01 by June 2023, indicating potential liquidity concerns. There was a slight improvement to 0.48 by December 2023, but the ratio remained relatively low.
By March 2024, the quick ratio was still low at 0.02, indicating that Textron Inc may be facing challenges in quickly converting its current assets into cash to meet its current liabilities. Overall, the trend in the quick ratio suggests that Textron Inc has experienced fluctuations in its short-term liquidity position, and it may be important for the company to closely monitor and manage its liquidity going forward.
Peer comparison
Dec 31, 2024