Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Honeywell International Inc., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 1.27 1.25 1.30 1.47 1.34
Quick ratio 0.84 0.88 0.94 1.15 0.99
Cash ratio 0.44 0.51 0.59 0.79 0.58

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Honeywell International Inc. current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Honeywell International Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Honeywell International Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

Honeywell International Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 23,502 24,982 25,372 28,175 24,303
Current liabilities 18,539 19,938 19,508 19,197 18,098
Liquidity Ratio
Current ratio1 1.27 1.25 1.30 1.47 1.34
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.14 1.22 1.33 1.39 1.05
Caterpillar Inc. 1.35 1.39 1.46 1.53 1.47
Cummins Inc. 1.18 1.27 1.74 1.88 1.50
General Electric Co. 1.18 1.16 1.28 1.58 1.16
Lockheed Martin Corp. 1.21 1.32 1.42 1.39 1.22
RTX Corp. 1.04 1.09 1.19 1.21 1.08
Current Ratio, Sector
Capital Goods 1.17 1.22 1.33 1.44 1.17
Current Ratio, Industry
Industrials 1.17 1.21 1.32 1.43 1.19

Based on: 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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 23,502 ÷ 18,539 = 1.27

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. Honeywell International Inc. current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Quick Ratio

Honeywell International Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,925 9,627 10,959 14,275 9,067
Short-term investments 170 483 564 945 1,349
Accounts receivable, less allowances 7,530 7,440 6,830 6,827 7,493
Total quick assets 15,625 17,550 18,353 22,047 17,909
 
Current liabilities 18,539 19,938 19,508 19,197 18,098
Liquidity Ratio
Quick ratio1 0.84 0.88 0.94 1.15 0.99
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.28 0.32 0.34 0.41 0.23
Caterpillar Inc. 0.74 0.79 0.89 1.02 0.98
Cummins Inc. 0.65 0.68 1.01 1.21 0.82
General Electric Co. 0.78 0.81 0.93 1.27 0.86
Lockheed Martin Corp. 0.99 1.09 1.15 1.05 0.93
RTX Corp. 0.63 0.69 0.81 0.78 0.73
Quick Ratio, Sector
Capital Goods 0.59 0.64 0.72 0.84 0.64
Quick Ratio, Industry
Industrials 0.65 0.70 0.79 0.88 0.71

Based on: 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).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 15,625 ÷ 18,539 = 0.84

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. Honeywell International Inc. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

Honeywell International Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,925 9,627 10,959 14,275 9,067
Short-term investments 170 483 564 945 1,349
Total cash assets 8,095 10,110 11,523 15,220 10,416
 
Current liabilities 18,539 19,938 19,508 19,197 18,098
Liquidity Ratio
Cash ratio1 0.44 0.51 0.59 0.79 0.58
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.17 0.19 0.20 0.29 0.10
Caterpillar Inc. 0.20 0.22 0.31 0.36 0.31
Cummins Inc. 0.21 0.23 0.45 0.61 0.23
General Electric Co. 0.45 0.44 0.54 0.78 0.60
Lockheed Martin Corp. 0.09 0.16 0.26 0.23 0.11
RTX Corp. 0.14 0.16 0.22 0.25 0.21
Cash Ratio, Sector
Capital Goods 0.23 0.27 0.33 0.45 0.31
Cash Ratio, Industry
Industrials 0.26 0.29 0.36 0.46 0.34

Based on: 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).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,095 ÷ 18,539 = 0.44

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. Honeywell International Inc. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.