Current Ratio
since 2005
Calculation
Cummins Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.18 | = | 15,198) | ÷ | 12,903) |
| Dec 31, 2022 | 1.27 | = | 14,451) | ÷ | 11,421) |
| Dec 31, 2021 | 1.74 | = | 12,309) | ÷ | 7,084) |
| Dec 31, 2020 | 1.88 | = | 11,897) | ÷ | 6,335) |
| Dec 31, 2019 | 1.50 | = | 9,387) | ÷ | 6,260) |
| Dec 31, 2018 | 1.54 | = | 9,818) | ÷ | 6,384) |
| Dec 31, 2017 | 1.57 | = | 8,928) | ÷ | 5,677) |
| Dec 31, 2016 | 1.78 | = | 7,707) | ÷ | 4,325) |
| Dec 31, 2015 | 2.09 | = | 7,947) | ÷ | 3,803) |
| Dec 31, 2014 | 2.25 | = | 9,055) | ÷ | 4,021) |
| Dec 31, 2013 | 2.57 | = | 8,639) | ÷ | 3,368) |
| Dec 31, 2012 | 2.29 | = | 7,167) | ÷ | 3,136) |
| Dec 31, 2011 | 1.94 | = | 7,091) | ÷ | 3,657) |
| Dec 31, 2010 | 1.93 | = | 6,289) | ÷ | 3,260) |
| Dec 31, 2009 | 2.06 | = | 5,003) | ÷ | 2,432) |
| Dec 31, 2008 | 1.79 | = | 4,713) | ÷ | 2,639) |
| Dec 31, 2007 | 1.78 | = | 4,815) | ÷ | 2,711) |
| Dec 31, 2006 | 1.87 | = | 4,488) | ÷ | 2,399) |
| Dec 31, 2005 | 1.77 | = | 3,916) | ÷ | 2,218) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Cummins Inc., current ratio, long-term trends, comparison to competitors
| Cummins Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 1.18 | 1.14 | 1.35 | 1.51 | 1.18 | 1.27 | 1.21 | 1.04 |
| Dec 31, 2022 | 1.27 | 1.22 | 1.39 | 1.38 | 1.16 | 1.25 | 1.32 | 1.09 |
| Dec 31, 2021 | 1.74 | 1.33 | 1.46 | 1.04 | 1.28 | 1.30 | 1.42 | 1.19 |
| Dec 31, 2020 | 1.88 | 1.39 | 1.53 | 1.56 | 1.58 | 1.47 | 1.39 | 1.21 |
| Dec 31, 2019 | 1.50 | 1.05 | 1.47 | 1.70 | 1.16 | 1.34 | 1.22 | 1.08 |
| Dec 31, 2018 | 1.54 | 1.08 | 1.37 | 1.47 | — | 1.29 | 1.12 | 1.13 |
| Dec 31, 2017 | 1.57 | 1.16 | 1.35 | 1.64 | — | 1.38 | 1.38 | 1.35 |
| Dec 31, 2016 | 1.78 | 1.25 | 1.22 | 1.27 | — | 1.41 | 1.20 | 1.30 |
| Dec 31, 2015 | 2.09 | 1.35 | 1.31 | 1.43 | — | 1.09 | 1.15 | 1.18 |
| Dec 31, 2014 | 2.25 | 1.20 | 1.39 | 1.51 | — | 1.50 | 1.11 | 1.30 |
| Dec 31, 2013 | 2.57 | 1.26 | 1.40 | 1.78 | — | 1.49 | 1.20 | 1.29 |
| Dec 31, 2012 | 2.29 | 1.27 | 1.43 | 1.44 | — | 1.35 | 1.14 | 1.24 |
| Dec 31, 2011 | 1.94 | 1.21 | 1.33 | 1.60 | — | 1.31 | 1.16 | 1.38 |
| Dec 31, 2010 | 1.93 | 1.15 | 1.44 | 1.70 | — | 1.28 | 1.15 | 1.33 |
| Dec 31, 2009 | 2.06 | 1.07 | 1.39 | 1.68 | — | 1.25 | 1.17 | 1.29 |
| Dec 31, 2008 | 1.79 | 0.84 | 1.21 | 1.28 | — | 1.08 | 1.01 | 1.24 |
| Dec 31, 2007 | 1.78 | 0.86 | 1.15 | 1.30 | — | 1.15 | 1.11 | 1.26 |
| Dec 31, 2006 | 1.87 | 0.77 | 1.20 | 1.29 | — | 1.21 | 1.06 | 1.24 |
| Dec 31, 2005 | 1.77 | 0.78 | 1.19 | 1.21 | — | 1.15 | 1.12 | 1.12 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Cummins Inc., current ratio, long-term trends, comparison to sector (capital goods)
| Cummins Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2023 | 1.18 | 1.18 |
| Dec 31, 2022 | 1.27 | 1.22 |
| Dec 31, 2021 | 1.74 | 1.31 |
| Dec 31, 2020 | 1.88 | 1.43 |
| Dec 31, 2019 | 1.50 | 1.17 |
| Dec 31, 2018 | 1.54 | 1.17 |
| Dec 31, 2017 | 1.57 | 1.29 |
| Dec 31, 2016 | 1.78 | 1.27 |
| Dec 31, 2015 | 2.09 | 1.26 |
| Dec 31, 2014 | 2.25 | 1.29 |
| Dec 31, 2013 | 2.57 | 1.34 |
| Dec 31, 2012 | 2.29 | 1.31 |
| Dec 31, 2011 | 1.94 | 1.29 |
| Dec 31, 2010 | 1.93 | 1.28 |
| Dec 31, 2009 | 2.06 | 1.23 |
| Dec 31, 2008 | 1.79 | 1.07 |
| Dec 31, 2007 | 1.78 | 1.08 |
| Dec 31, 2006 | 1.87 | 1.05 |
| Dec 31, 2005 | 1.77 | 1.03 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Cummins Inc., current ratio, long-term trends, comparison to industry (industrials)
| Cummins Inc. | Industrials | |
|---|---|---|
| Dec 31, 2023 | 1.18 | 1.18 |
| Dec 31, 2022 | 1.27 | 1.21 |
| Dec 31, 2021 | 1.74 | 1.30 |
| Dec 31, 2020 | 1.88 | 1.42 |
| Dec 31, 2019 | 1.50 | 1.19 |
| Dec 31, 2018 | 1.54 | 1.17 |
| Dec 31, 2017 | 1.57 | 1.29 |
| Dec 31, 2016 | 1.78 | 1.27 |
| Dec 31, 2015 | 2.09 | 1.28 |
| Dec 31, 2014 | 2.25 | 1.31 |
| Dec 31, 2013 | 2.57 | 1.38 |
| Dec 31, 2012 | 2.29 | 1.35 |
| Dec 31, 2011 | 1.94 | 1.33 |
| Dec 31, 2010 | 1.93 | 1.32 |
| Dec 31, 2009 | 2.06 | 1.26 |
| Dec 31, 2008 | 1.79 | 1.09 |
| Dec 31, 2007 | 1.78 | 1.09 |
| Dec 31, 2006 | 1.87 | 1.07 |
| Dec 31, 2005 | 1.77 | 1.06 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).