Whirlpool Corporation (WHR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,207,000 | 6,394,000 | 9,695,000 | 9,129,000 | 7,398,000 |
| Total current liabilities | US$ in thousands | 6,948,000 | 5,931,000 | 8,510,000 | 8,330,000 | 8,369,000 |
| Current ratio | 0.89 | 1.08 | 1.14 | 1.10 | 0.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,207,000K ÷ $6,948,000K
= 0.89
The current ratio for Whirlpool Corp. has fluctuated over the past five years, ranging from 0.88 in 2019 to 1.14 in 2021. In 2023, the current ratio dropped to 0.89. This indicates that the company may have experienced challenges in managing its short-term liabilities in comparison to its current assets in the most recent year. A current ratio below 1 suggests that Whirlpool Corp. may have had difficulty meeting its short-term obligations with its current assets alone. It is important to closely monitor the trend of the current ratio over time to assess the company's liquidity position and ability to cover its short-term liabilities.
Peer comparison
Dec 31, 2023