Current Ratio
since 2005
Calculation
DuPont de Nemours Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 1.20 | = | 9,999) | ÷ | 8,346) |
| Dec 31, 2018 | 2.01 | = | 49,603) | ÷ | 24,715) |
| Dec 31, 2017 | 1.91 | = | 49,893) | ÷ | 26,128) |
| Dec 31, 2016 | 1.88 | = | 23,659) | ÷ | 12,604) |
| Dec 31, 2015 | 2.18 | = | 24,475) | ÷ | 11,215) |
| Dec 31, 2014 | 2.09 | = | 24,267) | ÷ | 11,593) |
| Dec 31, 2013 | 2.09 | = | 24,977) | ÷ | 11,971) |
| Dec 31, 2012 | 2.06 | = | 23,684) | ÷ | 11,493) |
| Dec 31, 2011 | 1.72 | = | 23,422) | ÷ | 13,634) |
| Dec 31, 2010 | 1.74 | = | 24,130) | ÷ | 13,896) |
| Dec 31, 2009 | 1.49 | = | 19,560) | ÷ | 13,106) |
| Dec 31, 2008 | 1.23 | = | 16,060) | ÷ | 13,108) |
| Dec 31, 2007 | 1.50 | = | 18,654) | ÷ | 12,445) |
| Dec 31, 2006 | 1.62 | = | 17,209) | ÷ | 10,601) |
| Dec 31, 2005 | 1.63 | = | 17,404) | ÷ | 10,663) |
Based on: 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 financial data reveals several notable trends in the company's liquidity position over the observed period.
- Current Assets
- Current assets displayed fluctuations, with an overall increasing trend from 17,404 million USD in 2005 to a peak of 49,893 million USD in 2017 and 49,603 million USD in 2018. However, a sharp decline is visible in 2019, dropping significantly to 9,999 million USD.
- Current Liabilities
- Current liabilities showed a gradual increase from 10,663 million USD in 2005 to 13,896 million USD in 2010, followed by a slight decline and stabilization around 11,000 to 13,000 million USD between 2011 and 2016. A marked increase occurred in 2017 and 2018, reaching 26,128 million and 24,715 million USD respectively, before a significant decrease to 8,346 million USD in 2019.
- Current Ratio
- The current ratio started at 1.63 in 2005, declining to its lowest point of 1.23 in 2008 amidst the global financial crisis. A recovery followed, with the ratio exceeding 2.0 from 2012 through 2014 and peaking at 2.18 in 2015. After a moderate decline to 1.88 in 2016, the ratio stabilized near 1.9 to 2.0 in 2017 and 2018, before dropping markedly to 1.20 in 2019.
Overall, the data indicates that the company maintained a healthy liquidity position for most of the period, with current assets generally exceeding current liabilities at levels that produced a current ratio above 1.5, often near or above 2.0. The years 2017 and 2018 stand out due to a substantial increase in both current assets and liabilities, suggesting significant growth in short-term financial activities or balance sheet expansion.
The sharp reductions in current assets, current liabilities, and the current ratio in 2019 reflect a considerable change in the company's short-term financial structure, warranting further investigation into the underlying causes and implications for liquidity management.
Comparison to Competitors
DuPont de Nemours Inc., current ratio, long-term trends, comparison to competitors
| DuPont de Nemours Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2019 | 1.20 | 0.85 | 1.02 |
| Dec 31, 2018 | 2.01 | 1.33 | 1.01 |
| Dec 31, 2017 | 1.91 | 0.99 | 1.12 |
| Dec 31, 2016 | 1.88 | 1.16 | 1.28 |
| Dec 31, 2015 | 2.18 | 1.39 | 1.24 |
| Dec 31, 2014 | 2.09 | 1.14 | 0.96 |
| Dec 31, 2013 | 2.09 | 1.09 | 1.25 |
| Dec 31, 2012 | 2.06 | 1.13 | 1.68 |
| Dec 31, 2011 | 1.72 | 1.03 | 1.05 |
| Dec 31, 2010 | 1.74 | 1.13 | 1.07 |
| Dec 31, 2009 | 1.49 | 1.23 | 1.27 |
| Dec 31, 2008 | 1.23 | 0.77 | 0.99 |
| Dec 31, 2007 | 1.50 | 0.91 | 0.97 |
| Dec 31, 2006 | 1.62 | 1.17 | 1.18 |
| Dec 31, 2005 | 1.63 | 1.07 | 1.22 |
Based on: 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 (Chemicals)
DuPont de Nemours Inc., current ratio, long-term trends, comparison to sector (chemicals)
| DuPont de Nemours Inc. | Chemicals | |
|---|---|---|
| Dec 31, 2019 | 1.20 | 0.90 |
| Dec 31, 2018 | 2.01 | 1.25 |
| Dec 31, 2017 | 1.91 | 1.06 |
| Dec 31, 2016 | 1.88 | 1.23 |
| Dec 31, 2015 | 2.18 | 1.31 |
| Dec 31, 2014 | 2.09 | 1.05 |
| Dec 31, 2013 | 2.09 | 1.17 |
| Dec 31, 2012 | 2.06 | 1.36 |
| Dec 31, 2011 | 1.72 | 1.04 |
| Dec 31, 2010 | 1.74 | 1.10 |
| Dec 31, 2009 | 1.49 | 1.25 |
| Dec 31, 2008 | 1.23 | 0.86 |
| Dec 31, 2007 | 1.50 | 0.93 |
| Dec 31, 2006 | 1.62 | 1.18 |
| Dec 31, 2005 | 1.63 | 1.13 |
Based on: 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 Industry (Materials)
DuPont de Nemours Inc., current ratio, long-term trends, comparison to industry (materials)
| DuPont de Nemours Inc. | Materials | |
|---|---|---|
| Dec 31, 2019 | 1.20 | 1.15 |
| Dec 31, 2018 | 2.01 | 1.57 |
| Dec 31, 2017 | 1.91 | 1.50 |
| Dec 31, 2016 | 1.88 | 1.77 |
| Dec 31, 2015 | 2.18 | 1.53 |
| Dec 31, 2014 | 2.09 | 1.40 |
| Dec 31, 2013 | 2.09 | 1.61 |
| Dec 31, 2012 | 2.06 | 2.11 |
| Dec 31, 2011 | 1.72 | 1.95 |
| Dec 31, 2010 | 1.74 | 1.82 |
| Dec 31, 2009 | 1.49 | 1.84 |
| Dec 31, 2008 | 1.23 | 1.17 |
| Dec 31, 2007 | 1.50 | 1.20 |
| Dec 31, 2006 | 1.62 | 1.39 |
| Dec 31, 2005 | 1.63 | 1.23 |
Based on: 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).