Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
GE Aerospace, liquidity ratios (quarterly data)
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. | GE Aerospace current ratio deteriorated from Q1 2024 to Q2 2024 and 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. | GE Aerospace quick ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | GE Aerospace cash ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024. |
Current Ratio
GE Aerospace, current ratio calculation (quarterly data)
| 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 | 38,649) | 37,352) | 59,589) | 59,799) | 56,434) | 60,213) | 60,286) | 66,234) | 60,082) | 60,658) | 63,299) | 66,348) | 103,587) | 102,411) | 113,198) | 88,412) | 71,389) | 72,723) | 80,174) | 76,416) | 71,863) | 81,297) | 83,752) | |||||||
| Current liabilities | 34,093) | 32,750) | 51,087) | 50,876) | 48,164) | 48,108) | 48,177) | 56,947) | 54,657) | 53,883) | 53,344) | 51,953) | 57,676) | 56,639) | 57,681) | 56,069) | 56,136) | 59,386) | 70,305) | 77,572) | 67,296) | 73,178) | 74,363) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 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 | |||||||
| 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 | |||||||
| Eaton Corp. plc | 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 | |||||||
| 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
= 38,649 ÷ 34,093 = 1.13
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Quick Ratio
GE Aerospace, quick ratio calculation (quarterly data)
| 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, cash equivalents and restricted cash | 13,724) | 12,107) | 18,447) | 16,967) | 13,127) | 12,766) | 12,001) | 17,262) | 12,596) | 13,190) | 12,842) | 15,770) | 24,955) | 22,460) | 31,783) | 36,630) | 39,162) | 41,431) | 47,286) | 36,394) | 27,810) | 31,968) | 34,905) | |||||||
| Investment securities | 2,232) | 3,338) | 3,737) | 5,706) | 7,054) | 10,885) | 12,814) | 7,609) | 6,297) | 6,745) | 10,779) | 12,297) | 5,300) | 6,134) | 6,741) | 7,319) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Current receivables | 8,936) | 8,370) | 15,100) | 15,466) | 14,546) | 14,767) | 14,212) | 17,976) | 17,197) | 16,283) | 16,050) | 15,620) | 14,874) | 15,190) | 15,381) | 16,691) | 17,302) | 16,041) | 16,925) | 16,769) | 16,018) | 20,152) | 19,518) | |||||||
| Financing receivables, net | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 271) | 316) | 306) | 1,265) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Other GE Capital receivables | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 1,186) | 1,363) | 1,339) | 3,331) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Current contract assets | 2,884) | 2,719) | 1,547) | 1,500) | 1,875) | 2,037) | 2,244) | 3,088) | 3,701) | 4,241) | 4,246) | 4,881) | 5,238) | 5,431) | 5,821) | 5,764) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total quick assets | 27,776) | 26,534) | 38,831) | 39,639) | 36,602) | 40,455) | 41,271) | 45,935) | 39,791) | 40,459) | 43,917) | 48,568) | 51,824) | 50,894) | 61,371) | 71,000) | 56,464) | 57,472) | 64,211) | 53,163) | 43,828) | 52,120) | 54,423) | |||||||
| Current liabilities | 34,093) | 32,750) | 51,087) | 50,876) | 48,164) | 48,108) | 48,177) | 56,947) | 54,657) | 53,883) | 53,344) | 51,953) | 57,676) | 56,639) | 57,681) | 56,069) | 56,136) | 59,386) | 70,305) | 77,572) | 67,296) | 73,178) | 74,363) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 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 | |||||||
| 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 | |||||||
| Eaton Corp. plc | 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 | |||||||
| 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
= 27,776 ÷ 34,093 = 0.81
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 improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Cash Ratio
GE Aerospace, cash ratio calculation (quarterly data)
| 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, cash equivalents and restricted cash | 13,724) | 12,107) | 18,447) | 16,967) | 13,127) | 12,766) | 12,001) | 17,262) | 12,596) | 13,190) | 12,842) | 15,770) | 24,955) | 22,460) | 31,783) | 36,630) | 39,162) | 41,431) | 47,286) | 36,394) | 27,810) | 31,968) | 34,905) | |||||||
| Investment securities | 2,232) | 3,338) | 3,737) | 5,706) | 7,054) | 10,885) | 12,814) | 7,609) | 6,297) | 6,745) | 10,779) | 12,297) | 5,300) | 6,134) | 6,741) | 7,319) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total cash assets | 15,956) | 15,445) | 22,184) | 22,673) | 20,181) | 23,651) | 24,815) | 24,871) | 18,893) | 19,935) | 23,621) | 28,067) | 30,255) | 28,594) | 38,524) | 43,949) | 39,162) | 41,431) | 47,286) | 36,394) | 27,810) | 31,968) | 34,905) | |||||||
| Current liabilities | 34,093) | 32,750) | 51,087) | 50,876) | 48,164) | 48,108) | 48,177) | 56,947) | 54,657) | 53,883) | 53,344) | 51,953) | 57,676) | 56,639) | 57,681) | 56,069) | 56,136) | 59,386) | 70,305) | 77,572) | 67,296) | 73,178) | 74,363) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 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 | |||||||
| 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 | |||||||
| Eaton Corp. plc | 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 | |||||||
| 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
= 15,956 ÷ 34,093 = 0.47
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 Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024. |