Whirlpool Corporation (WHR)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,239,000 | 5,582,000 | 5,860,000 | 6,192,000 | 6,207,000 | 6,112,000 | 6,194,000 | 6,095,000 | 6,394,000 | 7,919,000 | 8,460,000 | 8,968,000 | 9,695,000 | 9,726,000 | 9,403,000 | 9,838,000 | 9,129,000 | 9,307,000 | 7,579,000 | 8,162,000 |
| Total current liabilities | US$ in thousands | 7,323,000 | 5,969,000 | 6,129,000 | 6,550,000 | 6,948,000 | 7,023,000 | 7,087,000 | 5,982,000 | 5,931,000 | 6,809,000 | 7,592,000 | 8,285,000 | 8,510,000 | 8,291,000 | 7,832,000 | 8,011,000 | 8,330,000 | 9,105,000 | 7,725,000 | 8,576,000 |
| Current ratio | 0.72 | 0.94 | 0.96 | 0.95 | 0.89 | 0.87 | 0.87 | 1.02 | 1.08 | 1.16 | 1.11 | 1.08 | 1.14 | 1.17 | 1.20 | 1.23 | 1.10 | 1.02 | 0.98 | 0.95 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,239,000K ÷ $7,323,000K
= 0.72
The current ratio of Whirlpool Corporation has fluctuated over the evaluated period, ranging from a low of 0.72 as of December 31, 2024, to a high of 1.23 as of March 31, 2021.
A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone. While Whirlpool Corporation's current ratio has fallen below 1 on some occasions, it has generally remained above 1, signaling a healthy ability to cover its short-term liabilities.
The upward trend observed in the current ratio from the beginning of the period until around mid-2022 suggests an improvement in the company's liquidity position. However, there was a declining trend in the latter part of the evaluation period, possibly indicating a relative decrease in current assets compared to current liabilities.
A current ratio above 1 is generally preferred by investors and creditors as it implies that the company possesses more current assets than current liabilities, which may be indicative of financial stability. It is important for Whirlpool Corporation to maintain a current ratio above 1 to ensure its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024