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 liquidity position from 2005 to 2019 reveals a period of general stability followed by significant balance sheet volatility. The current ratio remained predominantly above 1.50 for the majority of the period, indicating a consistent ability to meet short-term obligations, although substantial fluctuations occurred toward the end of the timeframe.
- Initial Stability and 2008 Contraction
- Between 2005 and 2007, the current ratio showed a slight downward trend, moving from 1.63 to 1.50. A notable dip occurred in 2008, where the ratio reached 1.23. This decline was driven by a decrease in current assets to 16,060 million US$ and a simultaneous increase in current liabilities to 13,108 million US$, marking a period of constrained short-term liquidity.
- Liquidity Expansion and Peak (2009–2015)
- A recovery phase began in 2009, with the current ratio steadily climbing to a peak of 2.18 by 2015. During this interval, current assets grew from 19,560 million US$ to 24,475 million US$, while current liabilities remained relatively stable, fluctuating between 11,215 million US$ and 13,896 million US$. This trend reflects a strengthening of the company's liquid position and an increased margin of safety.
- Balance Sheet Scaling (2016–2018)
- A significant expansion of the balance sheet is observed starting in 2017, where current assets nearly doubled to 49,893 million US$ and current liabilities increased to 26,128 million US$. Despite this massive increase in nominal values, the current ratio remained stable and healthy, fluctuating between 1.88 and 2.01, suggesting that the growth in obligations was proportionally matched by an increase in liquid assets.
- Significant Contraction in 2019
- The period concludes with a sharp contraction in 2019. Current assets decreased precipitously to 9,999 million US$ and current liabilities fell to 8,346 million US$. Consequently, the current ratio dropped to 1.20, representing the lowest level of liquidity since 2008 and a significant departure from the stability observed in the preceding three years.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
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).