Honeywell International Inc. (HON)


Analysis of Liquidity Ratios
Quarterly Data

Beginner level


Liquidity Ratios (Summary)

Honeywell International Inc., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 1.34 1.31 1.19 1.24 1.29 1.49 1.38 1.36 1.38 1.35 1.34 1.36 1.41 1.20 1.28 1.25 1.09 1.43 1.49 1.44
Quick ratio 0.99 1.00 0.87 0.92 0.97 1.13 1.02 1.02 1.04 1.03 1.02 1.03 1.07 0.83 0.87 0.82 0.74 0.89 0.91 0.95
Cash ratio 0.58 0.62 0.50 0.55 0.58 0.65 0.55 0.55 0.57 0.56 0.55 0.56 0.57 0.35 0.32 0.29 0.30 0.40 0.38 0.43

Based on: 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Honeywell International Inc.’s current ratio improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Honeywell International Inc.’s quick ratio improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Honeywell International Inc.’s cash ratio improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.

Current Ratio

Honeywell International Inc., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 24,303  26,188  23,768  24,334  24,362  26,628  24,779  25,587  26,002  24,644  24,064  23,580  23,058  21,834  20,380  19,532  20,053  23,479  23,180  22,272 
Current liabilities 18,098  19,915  19,894  19,593  18,924  17,900  18,018  18,755  18,861  18,225  17,981  17,281  16,331  18,213  15,911  15,659  18,371  16,367  15,574  15,432 
Liquidity Ratio
Current ratio1 1.34 1.31 1.19 1.24 1.29 1.49 1.38 1.36 1.38 1.35 1.34 1.36 1.41 1.20 1.28 1.25 1.09 1.43 1.49 1.44
Benchmarks
Current Ratio, Competitors2
3M Co. 1.41 2.30 1.93 2.02 1.89 1.97 1.56 1.65 1.86 2.07 2.22 1.99 1.89 1.90 1.58 1.51 1.54 1.65 2.64 2.46
Danaher Corp. 3.43 2.32 2.18 1.47 1.53 1.50 1.59 1.43 1.43 1.49 1.05 0.97 1.36 1.40 1.46 1.27 1.04 1.91 1.77
General Electric Co. 1.79 1.69 1.74 1.76 1.60 1.78 1.73 1.83 1.84 1.83 1.86 1.92 1.96 1.87 1.65 1.58 1.72 1.47 1.20

Based on: 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

1 Q4 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 24,303 ÷ 18,098 = 1.34

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.’s current ratio improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Quick Ratio

Honeywell International Inc., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 9,067  10,908  8,225  8,625  9,287  9,803  8,082  7,897  7,059  7,389  7,877  7,710  7,843  6,431  5,045  4,473  5,455  6,563  5,954  6,575 
Short-term investments 1,349  1,456  1,718  2,059  1,623  1,850  1,768  2,383  3,758  2,781  1,944  1,885  1,520  —  —  —  —  —  —  — 
Accounts receivable, net 7,493  7,583  7,407  7,307  7,508  8,568  8,600  8,778  8,866  8,587  8,442  8,155  8,177  8,627  8,730  8,397  8,075  7,936  8,237  8,158 
Total quick assets 17,909  19,947  17,350  17,991  18,418  20,221  18,450  19,058  19,683  18,757  18,263  17,750  17,540  15,058  13,775  12,870  13,530  14,499  14,191  14,733 
 
Current liabilities 18,098  19,915  19,894  19,593  18,924  17,900  18,018  18,755  18,861  18,225  17,981  17,281  16,331  18,213  15,911  15,659  18,371  16,367  15,574  15,432 
Liquidity Ratio
Quick ratio1 0.99 1.00 0.87 0.92 0.97 1.13 1.02 1.02 1.04 1.03 1.02 1.03 1.07 0.83 0.87 0.82 0.74 0.89 0.91 0.95
Benchmarks
Quick Ratio, Competitors2
3M Co. 0.79 1.63 1.15 1.21 1.14 1.21 0.96 1.04 1.18 1.30 1.35 1.17 1.14 1.16 0.90 0.84 0.85 0.91 1.58 1.42
Danaher Corp. 2.99 1.78 1.58 0.88 0.92 0.91 0.97 0.87 0.89 0.94 0.64 0.60 0.85 1.01 0.85 0.77 0.67 1.37 1.20
General Electric Co. 1.56 1.42 1.47 1.48 1.31 1.48 1.45 1.55 1.52 1.55 1.57 1.64 1.68 1.58 1.42 1.37 1.59 1.36 1.11

Based on: 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

1 Q4 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,909 ÷ 18,098 = 0.99

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.’s quick ratio improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.

Cash Ratio

Honeywell International Inc., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 9,067  10,908  8,225  8,625  9,287  9,803  8,082  7,897  7,059  7,389  7,877  7,710  7,843  6,431  5,045  4,473  5,455  6,563  5,954  6,575 
Short-term investments 1,349  1,456  1,718  2,059  1,623  1,850  1,768  2,383  3,758  2,781  1,944  1,885  1,520  —  —  —  —  —  —  — 
Total cash assets 10,416  12,364  9,943  10,684  10,910  11,653  9,850  10,280  10,817  10,170  9,821  9,595  9,363  6,431  5,045  4,473  5,455  6,563  5,954  6,575 
 
Current liabilities 18,098  19,915  19,894  19,593  18,924  17,900  18,018  18,755  18,861  18,225  17,981  17,281  16,331  18,213  15,911  15,659  18,371  16,367  15,574  15,432 
Liquidity Ratio
Cash ratio1 0.58 0.62 0.50 0.55 0.58 0.65 0.55 0.55 0.57 0.56 0.55 0.56 0.57 0.35 0.32 0.29 0.30 0.40 0.38 0.43
Benchmarks
Cash Ratio, Competitors2
3M Co. 0.27 0.99 0.41 0.49 0.45 0.48 0.36 0.46 0.54 0.52 0.49 0.39 0.43 0.42 0.26 0.21 0.27 0.25 0.68 0.55
Danaher Corp. 2.40 1.08 0.84 0.16 0.17 0.20 0.24 0.13 0.15 0.17 0.13 0.14 0.20 0.51 0.12 0.13 0.21 0.66 0.51
General Electric Co. 1.16 1.00 1.01 0.99 0.84 0.95 0.93 1.03 0.98 1.05 1.06 1.13 1.17 1.07 1.01 0.95 0.91 0.78 0.64

Based on: 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-19), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-20), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-21), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

1 Q4 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,416 ÷ 18,098 = 0.58

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.’s cash ratio improved from Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.