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: 2025-12-31), 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 current ratio exhibited fluctuations over the period from 2005 to 2025. Initially, the ratio remained relatively stable, below 0.80, indicating a limited capacity to cover short-term obligations with short-term assets. A noticeable improvement began in 2009, with the ratio exceeding 1.00 and continuing to rise, peaking at 1.39 in 2020. Subsequently, the ratio experienced a decline, falling to 1.19 in 2023 before a slight increase to 1.32 in 2025.

Initial Period (2005-2008)
From 2005 to 2008, the current ratio remained within a narrow range of 0.77 to 0.86. This suggests a consistent, but somewhat constrained, short-term liquidity position. The ratio did not demonstrate significant improvement during this timeframe.
Improvement Phase (2009-2011)
The period from 2009 to 2011 witnessed a clear upward trend in the current ratio. It increased from 1.07 in 2009 to 1.21 in 2011. This improvement suggests a strengthening of the short-term financial position, potentially due to increased current asset levels or decreased current liabilities.
Stabilization and Peak (2012-2020)
Between 2012 and 2017, the current ratio generally remained above 1.15, indicating a comfortable level of short-term liquidity. The ratio peaked at 1.39 in 2020, representing the strongest short-term liquidity position observed throughout the analyzed period. This peak coincided with a substantial increase in current assets.
Recent Fluctuations (2021-2025)
From 2021 onwards, the current ratio experienced more volatility. It decreased from 1.33 in 2021 to 1.14 in 2022, then increased again to 1.32 in 2025. These fluctuations suggest potential shifts in working capital management or changes in the timing of current asset and liability payments. While still above 1.0, the recent trend indicates a less consistent liquidity position compared to the period between 2012 and 2020.

Overall, the current ratio demonstrates a generally positive trend over the long term, with a significant improvement in liquidity beginning in 2009. However, the more recent fluctuations warrant attention, as they suggest a potential increase in short-term financial risk compared to the period of sustained stability observed earlier in the timeframe.


Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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)