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, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current ratio 1.09 1.18 1.16 1.28 1.58
Quick ratio 0.78 0.78 0.81 0.93 1.27
Cash ratio 0.42 0.45 0.44 0.54 0.78

Based on: 10-K (reporting date: 2024-12-31), 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. GE Aerospace current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
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 2022 to 2023 but then slightly improved from 2023 to 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. GE Aerospace cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Current Ratio

GE Aerospace, current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets 37,635 59,799 66,234 66,348 88,412
Current liabilities 34,392 50,876 56,947 51,953 56,069
Liquidity Ratio
Current ratio1 1.09 1.18 1.16 1.28 1.58
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.32 1.14 1.22 1.33 1.39
Caterpillar Inc. 1.42 1.35 1.39 1.46 1.53
Eaton Corp. plc 1.50 1.51 1.38 1.04 1.56
Honeywell International Inc. 1.31 1.27 1.25 1.30 1.47
Lockheed Martin Corp. 1.13 1.21 1.32 1.42 1.39
RTX Corp. 0.99 1.04 1.09 1.19 1.21
Current Ratio, Sector
Capital Goods 1.23 1.18 1.22 1.31 1.43
Current Ratio, Industry
Industrials 1.19 1.16 1.20 1.29 1.41

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 37,635 ÷ 34,392 = 1.09

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 improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Quick Ratio

GE Aerospace, quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 13,619 16,967 17,262 15,770 36,630
Investment securities 982 5,706 7,609 12,297 7,319
Current receivables 9,327 15,466 17,976 15,620 16,691
Financing receivables, net 1,265
Other GE Capital receivables 3,331
Current contract assets 2,982 1,500 3,088 4,881 5,764
Total quick assets 26,910 39,639 45,935 48,568 71,000
 
Current liabilities 34,392 50,876 56,947 51,953 56,069
Liquidity Ratio
Quick ratio1 0.78 0.78 0.81 0.93 1.27
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.39 0.28 0.32 0.34 0.41
Caterpillar Inc. 0.80 0.74 0.79 0.89 1.02
Eaton Corp. plc 0.85 0.91 0.73 0.54 0.68
Honeywell International Inc. 0.88 0.84 0.88 0.94 1.15
Lockheed Martin Corp. 0.92 0.99 1.09 1.15 1.05
RTX Corp. 0.60 0.63 0.69 0.81 0.78
Quick Ratio, Sector
Capital Goods 0.62 0.60 0.64 0.71 0.83
Quick Ratio, Industry
Industrials 0.69 0.66 0.72 0.80 0.87

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 26,910 ÷ 34,392 = 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 2022 to 2023 but then slightly improved from 2023 to 2024.

Cash Ratio

GE Aerospace, cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 13,619 16,967 17,262 15,770 36,630
Investment securities 982 5,706 7,609 12,297 7,319
Total cash assets 14,601 22,673 24,871 28,067 43,949
 
Current liabilities 34,392 50,876 56,947 51,953 56,069
Liquidity Ratio
Cash ratio1 0.42 0.45 0.44 0.54 0.78
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.27 0.17 0.19 0.20 0.29
Caterpillar Inc. 0.21 0.20 0.22 0.31 0.36
Eaton Corp. plc 0.26 0.34 0.09 0.08 0.19
Honeywell International Inc. 0.52 0.44 0.51 0.59 0.79
Lockheed Martin Corp. 0.13 0.09 0.16 0.26 0.23
RTX Corp. 0.11 0.14 0.16 0.22 0.25
Cash Ratio, Sector
Capital Goods 0.26 0.24 0.26 0.32 0.44
Cash Ratio, Industry
Industrials 0.31 0.29 0.32 0.39 0.47

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 14,601 ÷ 34,392 = 0.42

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 improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.