Stock Analysis on Net

Boeing Co. (NYSE:BA)

Analysis of Liquidity Ratios 

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Boeing Co., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 1.33 1.39 1.05 1.08 1.16
Quick ratio 0.34 0.41 0.23 0.28 0.37
Cash ratio 0.20 0.29 0.10 0.10 0.18

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Boeing Co. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Boeing Co. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Boeing Co. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Current Ratio

Boeing Co., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Current assets 108,666  121,642  102,229  87,830  65,161 
Current liabilities 81,992  87,280  97,312  81,590  56,269 
Liquidity Ratio
Current ratio1 1.33 1.39 1.05 1.08 1.16
Benchmarks
Current Ratio, Competitors2
3M Co. 1.70 1.89 1.41 1.89 1.86
Caterpillar Inc. 1.46 1.53 1.47 1.37 1.35
General Electric Co. 1.28 1.58 1.16 1.08 1.16
Honeywell International Inc. 1.30 1.47 1.34 1.29 1.38
Lockheed Martin Corp. 1.42 1.39 1.22 1.12 1.38
Raytheon Technologies Corp. 1.19 1.21 1.08 1.13 1.35
Current Ratio, Sector
Capital Goods 1.33 1.44 1.17 1.16 1.26
Current Ratio, Industry
Industrials 1.27 1.37 1.08 1.07 1.17

Based on: 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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 108,666 ÷ 81,992 = 1.33

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. Boeing Co. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Quick Ratio

Boeing Co., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 8,052  7,752  9,485  7,637  8,813 
Short-term and other investments 8,192  17,838  545  927  1,179 
Accounts receivable, net 2,641  1,955  3,266  3,879  10,516 
Unbilled receivables, net 8,620  7,995  9,043  10,025  — 
Current portion of customer financing, net 117  101  162  460  309 
Total quick assets 27,622  35,641  22,501  22,928  20,817 
 
Current liabilities 81,992  87,280  97,312  81,590  56,269 
Liquidity Ratio
Quick ratio1 0.34 0.41 0.23 0.28 0.37
Benchmarks
Quick Ratio, Competitors2
3M Co. 1.04 1.23 0.79 1.14 1.18
Caterpillar Inc. 0.89 1.02 0.98 0.90 0.91
General Electric Co. 0.93 1.27 0.86 0.79 0.84
Honeywell International Inc. 0.94 1.15 0.99 0.97 1.04
Lockheed Martin Corp. 1.15 1.05 0.93 0.88 0.91
Raytheon Technologies Corp. 0.81 0.78 0.73 0.76 0.88
Quick Ratio, Sector
Capital Goods 0.73 0.84 0.64 0.66 0.77
Quick Ratio, Industry
Industrials 0.79 0.87 0.64 0.65 0.75

Based on: 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).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 27,622 ÷ 81,992 = 0.34

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. Boeing Co. quick ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Cash Ratio

Boeing Co., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 8,052  7,752  9,485  7,637  8,813 
Short-term and other investments 8,192  17,838  545  927  1,179 
Total cash assets 16,244  25,590  10,030  8,564  9,992 
 
Current liabilities 81,992  87,280  97,312  81,590  56,269 
Liquidity Ratio
Cash ratio1 0.20 0.29 0.10 0.10 0.18
Benchmarks
Cash Ratio, Competitors2
3M Co. 0.53 0.63 0.27 0.45 0.54
Caterpillar Inc. 0.31 0.36 0.31 0.28 0.31
General Electric Co. 0.54 0.78 0.60 0.50 0.54
Honeywell International Inc. 0.59 0.79 0.58 0.58 0.57
Lockheed Martin Corp. 0.26 0.23 0.11 0.05 0.23
Raytheon Technologies Corp. 0.22 0.25 0.21 0.20 0.37
Cash Ratio, Sector
Capital Goods 0.34 0.45 0.31 0.29 0.39
Cash Ratio, Industry
Industrials 0.40 0.48 0.30 0.28 0.37

Based on: 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).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 16,244 ÷ 81,992 = 0.20

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. Boeing Co. cash ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.