Xylem Inc (XYL)

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 3,884,000 3,651,000 3,735,000 3,010,000 3,012,000 3,191,000 3,174,000 3,118,000 3,160,000 3,057,000 3,623,000 3,401,000 3,523,000 3,311,000 3,301,000 2,462,000 2,450,000 2,263,000 2,258,000 2,081,000
Total current liabilities US$ in thousands 2,205,000 2,120,000 2,282,000 1,494,000 1,590,000 1,929,000 1,951,000 1,920,000 1,391,000 1,314,000 1,959,000 1,844,000 1,956,000 1,280,000 1,373,000 1,584,000 1,501,000 1,461,000 1,537,000 1,441,000
Current ratio 1.76 1.72 1.64 2.01 1.89 1.65 1.63 1.62 2.27 2.33 1.85 1.84 1.80 2.59 2.40 1.55 1.63 1.55 1.47 1.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,884,000K ÷ $2,205,000K
= 1.76

Over the past eight quarters, Xylem Inc's current ratio has fluctuated within a range of 1.62 to 2.01. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

In Q1 2023, Xylem Inc had a current ratio of 2.01, indicating a strong liquidity position with current assets more than twice the value of current liabilities. This was the highest current ratio in the period analyzed.

Conversely, in Q2 2023, the current ratio decreased to 1.64, the lowest level in the period, suggesting a decrease in liquidity and potential challenges in meeting short-term obligations.

Overall, Xylem Inc's current ratio has shown some volatility, with fluctuations potentially indicating changes in the company's operating cycles or management of current assets and liabilities. It is important to consider other financial metrics in conjunction with the current ratio to gain a comprehensive understanding of the company's financial health and liquidity position.


Peer comparison

Dec 31, 2023