Stock Analysis on Net

GE Aerospace (NYSE:GE)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

GE Aerospace, liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 1.18 1.16 1.28 1.58 1.16
Quick ratio 0.78 0.81 0.93 1.27 0.86
Cash ratio 0.45 0.44 0.54 0.78 0.60

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. GE Aerospace current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. GE Aerospace quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. GE Aerospace cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Current Ratio

GE Aerospace, current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 59,799 66,234 66,348 88,412 90,016
Current liabilities 50,876 56,947 51,953 56,069 77,572
Liquidity Ratio
Current ratio1 1.18 1.16 1.28 1.58 1.16
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.14 1.22 1.33 1.39 1.05
Caterpillar Inc. 1.35 1.39 1.46 1.53 1.47
Eaton Corp. plc 1.51 1.38 1.04 1.56 1.70
Honeywell International Inc. 1.27 1.25 1.30 1.47 1.34
Lockheed Martin Corp. 1.21 1.32 1.42 1.39 1.22
RTX Corp. 1.04 1.09 1.19 1.21 1.08
Current Ratio, Sector
Capital Goods 1.18 1.22 1.31 1.43 1.17
Current Ratio, Industry
Industrials 1.18 1.21 1.30 1.42 1.19

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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 59,799 ÷ 50,876 = 1.18

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. GE Aerospace current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Quick Ratio

GE Aerospace, quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 16,967 17,262 15,770 36,630 36,394
Investment securities 5,706 7,609 12,297 7,319 9,888
Current receivables 15,466 17,976 15,620 16,691 16,769
Financing receivables, net 1,265 1,077
Other GE Capital receivables 3,331 2,635
Current contract assets 1,500 3,088 4,881 5,764
Total quick assets 39,639 45,935 48,568 71,000 66,763
 
Current liabilities 50,876 56,947 51,953 56,069 77,572
Liquidity Ratio
Quick ratio1 0.78 0.81 0.93 1.27 0.86
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.28 0.32 0.34 0.41 0.23
Caterpillar Inc. 0.74 0.79 0.89 1.02 0.98
Eaton Corp. plc 0.91 0.73 0.54 0.68 0.78
Honeywell International Inc. 0.84 0.88 0.94 1.15 0.99
Lockheed Martin Corp. 0.99 1.09 1.15 1.05 0.93
RTX Corp. 0.63 0.69 0.81 0.78 0.73
Quick Ratio, Sector
Capital Goods 0.60 0.64 0.71 0.83 0.64
Quick Ratio, Industry
Industrials 0.66 0.70 0.78 0.87 0.71

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).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 39,639 ÷ 50,876 = 0.78

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. GE Aerospace quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

GE Aerospace, cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 16,967 17,262 15,770 36,630 36,394
Investment securities 5,706 7,609 12,297 7,319 9,888
Total cash assets 22,673 24,871 28,067 43,949 46,282
 
Current liabilities 50,876 56,947 51,953 56,069 77,572
Liquidity Ratio
Cash ratio1 0.45 0.44 0.54 0.78 0.60
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.17 0.19 0.20 0.29 0.10
Caterpillar Inc. 0.20 0.22 0.31 0.36 0.31
Eaton Corp. plc 0.34 0.09 0.08 0.19 0.12
Honeywell International Inc. 0.44 0.51 0.59 0.79 0.58
Lockheed Martin Corp. 0.09 0.16 0.26 0.23 0.11
RTX Corp. 0.14 0.16 0.22 0.25 0.21
Cash Ratio, Sector
Capital Goods 0.24 0.26 0.32 0.44 0.31
Cash Ratio, Industry
Industrials 0.27 0.29 0.35 0.45 0.34

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).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 22,673 ÷ 50,876 = 0.45

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. GE Aerospace cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.