Stock Analysis on Net
Stock Analysis on Net

Boeing Co. (NYSE:BA)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity Ratios (Summary)

Boeing Co., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 1.42 1.41 1.17 1.05 1.11 1.03 1.07 1.08 1.10 1.11 1.15 1.16 1.18 1.19 1.25 1.25 1.28 1.27 1.32 1.35 1.17 1.17 1.20
Quick ratio 0.42 0.47 0.30 0.23 0.28 0.25 0.26 0.28 0.29 0.29 0.30 0.37 0.39 0.39 0.38 0.38 0.40 0.39 0.37 0.42 0.33 0.31 0.32
Cash ratio 0.29 0.35 0.16 0.10 0.12 0.10 0.09 0.10 0.13 0.13 0.13 0.18 0.18 0.20 0.18 0.20 0.20 0.19 0.17 0.24 0.17 0.17 0.17

Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Boeing Co.’s current ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Boeing Co.’s quick ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Boeing Co.’s cash ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.

Current Ratio

Boeing Co., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 131,012  130,277  111,011  102,229  101,656  95,111  89,509  87,830  87,686  86,401  86,543  65,161  64,142  62,831  62,367  62,488  62,237  63,507  65,587  68,234  67,576  66,806  66,421 
Current liabilities 92,307  92,482  94,502  97,312  91,846  92,189  83,615  81,590  79,417  77,725  75,532  56,269  54,409  52,909  49,781  50,134  48,489  49,859  49,517  50,412  57,808  57,136  55,256 
Liquidity Ratio
Current ratio1 1.42 1.41 1.17 1.05 1.11 1.03 1.07 1.08 1.10 1.11 1.15 1.16 1.18 1.19 1.25 1.25 1.28 1.27 1.32 1.35 1.17 1.17 1.20
Benchmarks
Current Ratio, Competitors2
General Dynamics Corp. 1.29 1.27 1.34 1.18 1.11 1.09 1.23 1.23 1.27 1.20 1.34 1.40 1.37 1.27 1.26 1.20 1.29 1.19 1.14 1.17 1.16 1.24 1.25
Lockheed Martin Corp. 1.33 1.31 1.23 1.22 1.28 1.20 1.17 1.12 1.11 1.19 1.27 1.38 1.32 1.21 1.22 1.20 1.19 1.03 1.06 1.15 1.16 1.21 1.32
Northrop Grumman Corp. 1.44 1.35 1.29 1.13 1.29 1.25 1.18 1.17 1.26 1.24 2.52 2.35 1.21 1.11 1.27 1.22 1.13 1.13 1.15 1.16 1.16 1.25 1.35
Raytheon Technologies Corp. 1.22 1.20 1.23 1.08 1.06 1.05 1.13 1.13 1.52 1.46 1.32 1.35 1.31 1.37 1.24 1.30 1.27 1.26 1.34 1.18 1.37 1.29 1.16

Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 131,012 ÷ 92,307 = 1.42

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.’s current ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Quick Ratio

Boeing Co., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 10,564  19,992  15,039  9,485  9,763  9,167  6,836  7,637  8,034  8,121  9,235  8,813  8,569  8,737  8,190  8,801  8,986  8,605  7,886  11,302  9,383  9,157  8,655 
Short-term and other investments 16,552  12,438  488  545  1,150  439  893  927  1,956  1,649  656  1,179  1,463  1,589  1,015  1,228  682  660  466  750  474  468  976 
Accounts receivable, net 2,762  2,793  3,211  3,266  3,564  3,291  3,669  3,879  2,893  2,823  2,802  10,516  10,644  9,503  9,335  8,832  9,524  9,809  9,711  8,713  8,854  7,927  8,087 
Unbilled receivables, net 8,860  8,570  9,365  9,043  11,078  10,247  10,208  10,025  9,936  9,868  9,822  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of customer financing, net 100  115  149  162  166  171  340  460  431  294  244  309  435  549  580  428  365  251  258  212  227  209  184 
Total quick assets 38,838  43,908  28,252  22,501  25,721  23,315  21,946  22,928  23,250  22,755  22,759  20,817  21,111  20,378  19,120  19,289  19,557  19,325  18,321  20,977  18,938  17,761  17,902 
 
Current liabilities 92,307  92,482  94,502  97,312  91,846  92,189  83,615  81,590  79,417  77,725  75,532  56,269  54,409  52,909  49,781  50,134  48,489  49,859  49,517  50,412  57,808  57,136  55,256 
Liquidity Ratio
Quick ratio1 0.42 0.47 0.30 0.23 0.28 0.25 0.26 0.28 0.29 0.29 0.30 0.37 0.39 0.39 0.38 0.38 0.40 0.39 0.37 0.42 0.33 0.31 0.32
Benchmarks
Quick Ratio, Competitors2
General Dynamics Corp. 0.84 0.81 0.91 0.73 0.69 0.66 0.76 0.77 0.78 0.78 0.92 0.90 0.89 0.78 0.78 0.87 0.93 0.86 0.83 0.85 0.86 0.94 0.95
Lockheed Martin Corp. 1.08 1.04 0.96 0.93 1.03 0.93 0.93 0.88 0.86 0.93 1.01 0.91 0.91 0.82 0.82 0.80 0.82 0.68 0.68 0.65 0.77 0.81 0.87
Northrop Grumman Corp. 1.25 1.20 1.11 0.94 1.07 1.05 0.99 0.97 1.06 1.10 2.41 2.18 1.00 0.92 1.06 1.04 0.93 0.91 0.93 0.95 0.89 0.98 1.09
Raytheon Technologies Corp. 0.84 0.75 0.81 0.73 0.71 0.70 0.75 0.76 1.12 1.05 0.90 0.88 0.86 0.92 0.80 0.85 0.83 0.83 0.88 0.78 0.68 0.74 0.65

Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 38,838 ÷ 92,307 = 0.42

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.’s quick ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.

Cash Ratio

Boeing Co., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 10,564  19,992  15,039  9,485  9,763  9,167  6,836  7,637  8,034  8,121  9,235  8,813  8,569  8,737  8,190  8,801  8,986  8,605  7,886  11,302  9,383  9,157  8,655 
Short-term and other investments 16,552  12,438  488  545  1,150  439  893  927  1,956  1,649  656  1,179  1,463  1,589  1,015  1,228  682  660  466  750  474  468  976 
Total cash assets 27,116  32,430  15,527  10,030  10,913  9,606  7,729  8,564  9,990  9,770  9,891  9,992  10,032  10,326  9,205  10,029  9,668  9,265  8,352  12,052  9,857  9,625  9,631 
 
Current liabilities 92,307  92,482  94,502  97,312  91,846  92,189  83,615  81,590  79,417  77,725  75,532  56,269  54,409  52,909  49,781  50,134  48,489  49,859  49,517  50,412  57,808  57,136  55,256 
Liquidity Ratio
Cash ratio1 0.29 0.35 0.16 0.10 0.12 0.10 0.09 0.10 0.13 0.13 0.13 0.18 0.18 0.20 0.18 0.20 0.20 0.19 0.17 0.24 0.17 0.17 0.17
Benchmarks
Cash Ratio, Competitors2
General Dynamics Corp. 0.09 0.14 0.29 0.05 0.05 0.04 0.04 0.07 0.06 0.11 0.28 0.23 0.21 0.14 0.16 0.18 0.19 0.16 0.15 0.22 0.26 0.32 0.34
Lockheed Martin Corp. 0.24 0.19 0.13 0.11 0.16 0.08 0.06 0.05 0.06 0.09 0.17 0.23 0.22 0.18 0.16 0.15 0.20 0.08 0.10 0.08 0.25 0.25 0.30
Northrop Grumman Corp. 0.49 0.43 0.32 0.24 0.13 0.13 0.09 0.19 0.15 0.20 1.62 1.61 0.30 0.22 0.27 0.45 0.22 0.22 0.26 0.42 0.25 0.37 0.50
Raytheon Technologies Corp. 0.28 0.20 0.25 0.21 0.21 0.19 0.20 0.20 0.52 0.44 0.31 0.37 0.34 0.39 0.30 0.33 0.32 0.31 0.35 0.31 0.23 0.25 0.21

Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q3 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 27,116 ÷ 92,307 = 0.29

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.’s cash ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.