Whirlpool Corporation (WHR)
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 | 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 | 7,398,000 | 7,375,000 | 8,503,000 | 8,236,000 |
| Total current liabilities | US$ in thousands | 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 | 8,369,000 | 8,500,000 | 10,094,000 | 9,878,000 |
| Current ratio | 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 | 0.88 | 0.87 | 0.84 | 0.83 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,207,000K ÷ $6,948,000K
= 0.89
The current ratio of Whirlpool Corp. has been fluctuating over the past eight quarters, ranging from 0.87 to 1.16. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, which could raise concerns about liquidity and the ability to cover immediate debts.
In the most recent quarter, Q4 2023, the current ratio was 0.89, which reflects a decrease from the previous quarter. This suggests that Whirlpool may be facing challenges in managing its short-term obligations with its current assets. It is important for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position and financial health.
Overall, the declining trend in the current ratio of Whirlpool Corp. over the past few quarters may indicate a potential liquidity risk that requires further analysis and management attention to ensure the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023