Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

GE Aerospace, current ratio, long-term trends, calculation

Microsoft Excel

Based on: 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 financial data reveals trends in current assets, current liabilities, and the current ratio for the company over recent years, specifically from 2020 to 2024, as earlier years' data is unavailable.

Current Assets
Current assets exhibit a declining trend over the observed periods. Starting at 90,016 million US dollars in 2020, the balance decreased slightly to 88,412 million in 2021 and then showed a more pronounced decline through subsequent years: 66,348 million (2022), 66,234 million (2023), 59,799 million (2024), and reaching 37,635 million in the latest period.
Current Liabilities
Current liabilities also show a downward trend but with some fluctuations. From 77,572 million US dollars in 2020, liabilities dropped significantly to 56,069 million in 2021. Subsequently, liabilities showed some variability, with 51,953 million in 2022, rising to 56,947 million in 2023, then declining again to 50,876 million (2024) and further to 34,392 million in the last period.
Current Ratio
The current ratio, indicative of short-term liquidity, fluctuates within a relatively narrow range throughout the periods. It starts at 1.16 in 2020, rises to 1.58 in 2021, then decreases to 1.28 in 2022, followed by declines and minor recoveries: 1.16 (2023), 1.18 (2024), and a slight decrease to 1.09 in the final period.
Analysis Summary
The concurrent decline in current assets and current liabilities suggests an overall reduction in the scale of short-term operational balances. However, the ratio remains above 1.0 for all periods, indicating that current assets consistently exceed current liabilities, maintaining a positive liquidity position. The peak current ratio in 2021 corresponds with steep reductions in liabilities relative to assets, implying a period of strengthened liquidity. The subsequent decreases in the ratio reflect more balanced reductions but still favorable coverage of short-term obligations by assets. The significant decline in both assets and liabilities towards the latest period may warrant attention regarding the company's operational scale and potential impacts on liquidity and working capital management.

Comparison to Competitors

GE Aerospace, current ratio, long-term trends, comparison to competitors

Microsoft Excel
GE Aerospace Boeing Co. Caterpillar Inc. Eaton Corp. plc Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2024
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Based on: 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)

GE Aerospace, current ratio, long-term trends, comparison to sector (capital goods)

Microsoft Excel
GE Aerospace Capital Goods
Dec 31, 2024
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Dec 31, 2014
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Dec 31, 2005

Based on: 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 Industry (Industrials)

GE Aerospace, current ratio, long-term trends, comparison to industry (industrials)

Microsoft Excel
GE Aerospace Industrials
Dec 31, 2024
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Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2018
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
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Dec 31, 2005

Based on: 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).