Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Eaton Corp. plc, liquidity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 1.53 1.56 1.56 1.51 1.45 1.53 1.50 1.38 1.28 0.97 0.99 1.04 1.27 1.10 1.51 1.56 1.49 1.50 1.75 1.70 1.72 1.83 1.47
Quick ratio 0.87 0.94 0.93 0.91 0.84 0.85 0.78 0.73 0.65 0.50 0.51 0.54 0.69 0.44 0.66 0.68 0.63 0.57 0.68 0.78 0.99 1.07 0.82
Cash ratio 0.25 0.34 0.32 0.34 0.25 0.20 0.09 0.09 0.08 0.07 0.06 0.08 0.11 0.06 0.20 0.19 0.13 0.09 0.08 0.12 0.18 0.18 0.08

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Eaton Corp. plc current ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Eaton Corp. plc quick ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Eaton Corp. plc cash ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Current Ratio

Eaton Corp. plc, current ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 12,152 12,652 11,853 11,675 10,983 10,303 9,138 8,746 8,540 8,687 8,194 7,511 7,487 9,789 9,905 9,178 8,671 8,213 8,670 8,728 8,012 8,126 7,744
Current liabilities 7,941 8,120 7,613 7,747 7,563 6,725 6,087 6,360 6,653 8,974 8,256 7,212 5,914 8,906 6,581 5,881 5,805 5,489 4,944 5,132 4,661 4,450 5,286
Liquidity Ratio
Current ratio1 1.53 1.56 1.56 1.51 1.45 1.53 1.50 1.38 1.28 0.97 0.99 1.04 1.27 1.10 1.51 1.56 1.49 1.50 1.75 1.70 1.72 1.83 1.47
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.12 1.18 1.14 1.14 1.15 1.17 1.16 1.22 1.22 1.25 1.30 1.33 1.36 1.35 1.33 1.39 1.42 1.41 1.17 1.05 1.11 1.03 1.07
Caterpillar Inc. 1.40 1.28 1.35 1.35 1.45 1.33 1.43 1.39 1.41 1.45 1.44 1.46 1.61 1.56 1.60 1.53 1.54 1.50 1.42 1.47 1.44 1.43 1.43
GE Aerospace 1.13 1.14 1.17 1.18 1.17 1.25 1.25 1.16 1.10 1.13 1.19 1.28 1.80 1.81 1.96 1.58 1.27 1.22 1.14 0.99 1.07 1.11 1.13
Honeywell International Inc. 1.44 1.21 1.66 1.27 1.35 1.41 1.26 1.25 1.24 1.20 1.21 1.30 1.29 1.41 1.43 1.47 1.64 1.63 1.30 1.34 1.31 1.19 1.24
Lockheed Martin Corp. 1.30 1.24 1.30 1.21 1.36 1.36 1.30 1.32 1.28 1.27 1.27 1.42 1.42 1.36 1.38 1.39 1.33 1.31 1.23 1.22 1.28 1.20 1.17
RTX Corp. 0.99 0.99 1.07 1.04 1.03 1.10 1.13 1.09 1.09 1.10 1.16 1.19 1.23 1.17 1.17 1.21 1.22 1.20 1.23 1.08 1.06 1.05 1.13

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,152 ÷ 7,941 = 1.53

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Eaton Corp. plc current ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Quick Ratio

Eaton Corp. plc, quick ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash 473 540 473 488 348 353 235 294 231 364 237 297 271 279 354 438 429 292 239 370 549 412 303
Short-term investments 1,521 2,241 1,969 2,121 1,558 977 289 261 287 259 268 271 389 261 945 664 334 204 178 221 281 385 143
Accounts receivable, net 4,886 4,861 4,674 4,475 4,460 4,399 4,239 4,076 3,816 3,837 3,667 3,297 3,393 3,341 3,065 2,904 2,876 2,647 2,951 3,437 3,787 3,944 3,865
Total quick assets 6,880 7,642 7,116 7,084 6,366 5,729 4,763 4,631 4,334 4,460 4,172 3,865 4,053 3,881 4,364 4,006 3,639 3,143 3,368 4,028 4,617 4,741 4,311
 
Current liabilities 7,941 8,120 7,613 7,747 7,563 6,725 6,087 6,360 6,653 8,974 8,256 7,212 5,914 8,906 6,581 5,881 5,805 5,489 4,944 5,132 4,661 4,450 5,286
Liquidity Ratio
Quick ratio1 0.87 0.94 0.93 0.91 0.84 0.85 0.78 0.73 0.65 0.50 0.51 0.54 0.69 0.44 0.66 0.68 0.63 0.57 0.68 0.78 0.99 1.07 0.82
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.24 0.26 0.22 0.28 0.28 0.28 0.29 0.32 0.29 0.28 0.29 0.34 0.38 0.38 0.37 0.41 0.42 0.47 0.30 0.23 0.28 0.25 0.26
Caterpillar Inc. 0.76 0.69 0.73 0.74 0.76 0.74 0.79 0.79 0.78 0.81 0.84 0.89 1.00 1.02 1.08 1.02 1.01 0.98 0.91 0.98 0.93 0.94 0.91
GE Aerospace 0.81 0.81 0.76 0.78 0.76 0.84 0.86 0.81 0.73 0.75 0.82 0.93 0.90 0.90 1.06 1.27 1.01 0.97 0.91 0.69 0.65 0.71 0.73
Honeywell International Inc. 0.96 0.83 1.18 0.84 0.92 0.98 0.84 0.88 0.85 0.82 0.84 0.94 0.96 1.06 1.08 1.15 1.27 1.26 0.93 0.99 1.00 0.87 0.92
Lockheed Martin Corp. 1.10 1.05 1.08 0.99 1.14 1.14 1.07 1.09 1.06 1.03 1.03 1.15 1.18 1.10 1.09 1.05 1.08 1.04 0.96 0.93 1.03 0.93 0.93
RTX Corp. 0.60 0.60 0.64 0.63 0.63 0.68 0.71 0.69 0.70 0.71 0.76 0.81 0.82 0.79 0.79 0.78 0.84 0.75 0.81 0.73 0.71 0.70 0.75

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,880 ÷ 7,941 = 0.87

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Eaton Corp. plc quick ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Cash Ratio

Eaton Corp. plc, cash ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash 473 540 473 488 348 353 235 294 231 364 237 297 271 279 354 438 429 292 239 370 549 412 303
Short-term investments 1,521 2,241 1,969 2,121 1,558 977 289 261 287 259 268 271 389 261 945 664 334 204 178 221 281 385 143
Total cash assets 1,994 2,781 2,442 2,609 1,906 1,330 524 555 518 623 505 568 660 540 1,299 1,102 763 496 417 591 830 797 446
 
Current liabilities 7,941 8,120 7,613 7,747 7,563 6,725 6,087 6,360 6,653 8,974 8,256 7,212 5,914 8,906 6,581 5,881 5,805 5,489 4,944 5,132 4,661 4,450 5,286
Liquidity Ratio
Cash ratio1 0.25 0.34 0.32 0.34 0.25 0.20 0.09 0.09 0.08 0.07 0.06 0.08 0.11 0.06 0.20 0.19 0.13 0.09 0.08 0.12 0.18 0.18 0.08
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.11 0.13 0.08 0.17 0.14 0.15 0.16 0.19 0.16 0.14 0.15 0.20 0.23 0.24 0.24 0.29 0.29 0.35 0.16 0.10 0.12 0.10 0.09
Caterpillar Inc. 0.17 0.13 0.15 0.20 0.20 0.21 0.21 0.22 0.21 0.21 0.22 0.31 0.36 0.39 0.43 0.36 0.37 0.35 0.27 0.31 0.29 0.27 0.26
GE Aerospace 0.47 0.47 0.43 0.45 0.42 0.49 0.52 0.44 0.35 0.37 0.44 0.54 0.52 0.50 0.67 0.78 0.70 0.70 0.67 0.47 0.41 0.44 0.47
Honeywell International Inc. 0.56 0.47 0.73 0.44 0.46 0.51 0.40 0.51 0.44 0.43 0.49 0.59 0.60 0.68 0.71 0.79 0.87 0.87 0.51 0.58 0.62 0.50 0.55
Lockheed Martin Corp. 0.18 0.14 0.16 0.09 0.21 0.21 0.14 0.16 0.15 0.11 0.12 0.26 0.18 0.18 0.20 0.23 0.24 0.19 0.13 0.11 0.16 0.08 0.06
RTX Corp. 0.13 0.12 0.12 0.14 0.12 0.13 0.15 0.16 0.14 0.13 0.17 0.22 0.22 0.23 0.24 0.25 0.28 0.20 0.25 0.21 0.21 0.19 0.20

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,994 ÷ 7,941 = 0.25

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Eaton Corp. plc cash ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.