Stock Analysis on Net

Boeing Co. (NYSE:BA)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Boeing Co., current ratio, long-term trends, calculation

Microsoft Excel

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), 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


The analysis of the provided financial data reveals several notable trends in current assets, current liabilities, and the current ratio over the examined periods.

Current Assets
Current assets have generally exhibited an upward trajectory from 21,968 million US dollars in 2005 to a peak of 121,642 million US dollars in 2020. After this peak, there is a slight decline noted in 2021 and 2022, stabilizing around 109,000 million US dollars before increasing again to nearly 128,000 million US dollars in 2024. This overall growth suggests a strengthening in the company’s short-term asset base, supporting operational liquidity.
Current Liabilities
Current liabilities also display an increasing trend overall, beginning at 28,188 million US dollars in 2005 and rising to a high of 97,312 million US dollars in 2019. There is some volatility thereafter, with a decrease in 2020 to 87,280 million US dollars followed by fluctuating values around 82,000 to 96,000 million US dollars through 2024. This indicates growing obligations due within one year, which reflects increased operational activity or financing but also poses liquidity management challenges.
Current Ratio
The current ratio, a key liquidity metric, began below 1.0 in 2005 and 2006 at 0.78 and 0.77 respectively, indicating potential liquidity constraints. A steady improvement is observed from 2007 through 2012, with the ratio climbing above 1.0 by 2009 and peaking at 1.27 in 2012. Following this, it fluctuates moderately, mostly remaining above 1.0, suggesting the company generally maintains sufficient short-term assets to cover its short-term liabilities. Notably, the ratio reached a significant high of 1.39 in 2020, improving liquidity position during a period of fluctuating liabilities and assets. However, some decline is evident in subsequent years, settling around 1.14 to 1.33, indicating a balanced but closely managed liquidity position.

In summary, over the nearly two-decade time frame, current assets and liabilities have expanded significantly, reflecting growth in scale of operations and financial commitments. The current ratio’s movement from below 1 to consistently above 1 demonstrates an improved ability to meet short-term obligations. Nonetheless, the fluctuations in the current ratio in more recent years suggest ongoing attention is necessary to maintain optimal liquidity levels amid changing operational and economic conditions.


Comparison to Competitors

Boeing Co., current ratio, long-term trends, comparison to competitors

Microsoft Excel

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), 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)


Comparison to Industry (Industrials)