Current Ratio
since 2005
Calculation
Hubbell Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1.86 | = | 2,021,400) | ÷ | 1,088,500) |
| Dec 31, 2021 | 1.76 | = | 1,879,300) | ÷ | 1,065,200) |
| Dec 31, 2020 | 1.67 | = | 1,587,600) | ÷ | 948,200) |
| Dec 31, 2019 | 1.86 | = | 1,574,200) | ÷ | 844,900) |
| Dec 31, 2018 | 1.96 | = | 1,643,700) | ÷ | 839,300) |
| Dec 31, 2017 | 2.27 | = | 1,604,100) | ÷ | 706,100) |
| Dec 31, 2016 | 2.63 | = | 1,551,300) | ÷ | 589,600) |
| Dec 31, 2015 | 2.30 | = | 1,387,800) | ÷ | 603,100) |
| Dec 31, 2014 | 3.26 | = | 1,629,400) | ÷ | 499,200) |
| Dec 31, 2013 | 3.50 | = | 1,632,400) | ÷ | 467,000) |
| Dec 31, 2012 | 3.25 | = | 1,456,200) | ÷ | 447,400) |
| Dec 31, 2011 | 2.75 | = | 1,353,500) | ÷ | 492,100) |
| Dec 31, 2010 | 2.76 | = | 1,226,100) | ÷ | 445,000) |
| Dec 31, 2009 | 2.19 | = | 917,900) | ÷ | 418,500) |
| Dec 31, 2008 | 2.16 | = | 919,100) | ÷ | 425,000) |
| Dec 31, 2007 | 1.88 | = | 788,000) | ÷ | 419,500) |
| Dec 31, 2006 | 2.13 | = | 814,400) | ÷ | 382,300) |
| Dec 31, 2005 | 2.27 | = | 820,100) | ÷ | 360,500) |
Based on: 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 thousands
The liquidity profile of Hubbell Inc. between 2005 and 2022 is characterized by a period of significant expansion in the current ratio followed by a gradual contraction and subsequent stabilization.
- Current Assets and Liabilities Growth
- Total current assets grew from 820.1 million USD in 2005 to 2.02 billion USD by 2022. Simultaneously, current liabilities increased from 360.5 million USD to 1.09 billion USD over the same period. While both metrics trended upward over the long term, the disproportionate growth rates between them led to significant fluctuations in the current ratio.
- Liquidity Expansion Phase (2008–2013)
- A substantial increase in the current ratio occurred between 2008 and 2013, ascending from 2.16 to a peak of 3.50. This trajectory indicates a period where current assets accumulated at a significantly higher rate than current obligations, resulting in a highly liquid position and a substantial buffer for short-term liabilities.
- Liquidity Contraction Phase (2014–2020)
- Following the 2013 peak, a consistent downward trend in the current ratio is observed, reaching a low of 1.67 in 2020. This decline was driven by current liabilities increasing from approximately 467 million USD in 2013 to 948.2 million USD in 2020, which outpaced the growth of current assets during this interval, suggesting a more aggressive use of short-term financing or a strategic reduction in liquid asset holdings.
- Recent Stabilization (2021–2022)
- In the final two years of the observed period, the current ratio showed signs of stabilization and slight recovery, moving from 1.67 in 2020 to 1.86 by 2022. This reflects a normalization of the relationship between short-term assets and short-term liabilities, maintaining a ratio that remains well above the 1.0 threshold.
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Comparison to Competitors
Hubbell Inc., current ratio, long-term trends, comparison to competitors
| Hubbell Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 1.86 | 1.22 | 1.39 | 1.38 | 1.16 | 1.25 | 1.32 | 1.09 |
| Dec 31, 2021 | 1.76 | 1.33 | 1.46 | 1.04 | 1.28 | 1.30 | 1.42 | 1.19 |
| Dec 31, 2020 | 1.67 | 1.39 | 1.53 | 1.56 | 1.58 | 1.47 | 1.39 | 1.21 |
| Dec 31, 2019 | 1.86 | 1.05 | 1.47 | 1.70 | 1.16 | 1.34 | 1.22 | 1.08 |
| Dec 31, 2018 | 1.96 | 1.08 | 1.37 | 1.47 | — | 1.29 | 1.12 | 1.13 |
| Dec 31, 2017 | 2.27 | 1.16 | 1.35 | 1.64 | — | 1.38 | 1.38 | 1.35 |
| Dec 31, 2016 | 2.63 | 1.25 | 1.22 | 1.27 | — | 1.41 | 1.20 | 1.30 |
| Dec 31, 2015 | 2.30 | 1.35 | 1.31 | 1.43 | — | 1.09 | 1.15 | 1.18 |
| Dec 31, 2014 | 3.26 | 1.20 | 1.39 | 1.51 | — | 1.50 | 1.11 | 1.30 |
| Dec 31, 2013 | 3.50 | 1.26 | 1.40 | 1.78 | — | 1.49 | 1.20 | 1.29 |
| Dec 31, 2012 | 3.25 | 1.27 | 1.43 | 1.44 | — | 1.35 | 1.14 | 1.24 |
| Dec 31, 2011 | 2.75 | 1.21 | 1.33 | 1.60 | — | 1.31 | 1.16 | 1.38 |
| Dec 31, 2010 | 2.76 | 1.15 | 1.44 | 1.70 | — | 1.28 | 1.15 | 1.33 |
| Dec 31, 2009 | 2.19 | 1.07 | 1.39 | 1.68 | — | 1.25 | 1.17 | 1.29 |
| Dec 31, 2008 | 2.16 | 0.84 | 1.21 | 1.28 | — | 1.08 | 1.01 | 1.24 |
| Dec 31, 2007 | 1.88 | 0.86 | 1.15 | 1.30 | — | 1.15 | 1.11 | 1.26 |
| Dec 31, 2006 | 2.13 | 0.77 | 1.20 | 1.29 | — | 1.21 | 1.06 | 1.24 |
| Dec 31, 2005 | 2.27 | 0.78 | 1.19 | 1.21 | — | 1.15 | 1.12 | 1.12 |
Based on: 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)
Hubbell Inc., current ratio, long-term trends, comparison to sector (capital goods)
| Hubbell Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 1.86 | 1.22 |
| Dec 31, 2021 | 1.76 | 1.31 |
| Dec 31, 2020 | 1.67 | 1.43 |
| Dec 31, 2019 | 1.86 | 1.17 |
| Dec 31, 2018 | 1.96 | 1.17 |
| Dec 31, 2017 | 2.27 | 1.29 |
| Dec 31, 2016 | 2.63 | 1.27 |
| Dec 31, 2015 | 2.30 | 1.26 |
| Dec 31, 2014 | 3.26 | 1.29 |
| Dec 31, 2013 | 3.50 | 1.34 |
| Dec 31, 2012 | 3.25 | 1.31 |
| Dec 31, 2011 | 2.75 | 1.29 |
| Dec 31, 2010 | 2.76 | 1.28 |
| Dec 31, 2009 | 2.19 | 1.23 |
| Dec 31, 2008 | 2.16 | 1.07 |
| Dec 31, 2007 | 1.88 | 1.08 |
| Dec 31, 2006 | 2.13 | 1.05 |
| Dec 31, 2005 | 2.27 | 1.03 |
Based on: 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)
Hubbell Inc., current ratio, long-term trends, comparison to industry (industrials)
| Hubbell Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 1.86 | 1.20 |
| Dec 31, 2021 | 1.76 | 1.29 |
| Dec 31, 2020 | 1.67 | 1.41 |
| Dec 31, 2019 | 1.86 | 1.16 |
| Dec 31, 2018 | 1.96 | 1.13 |
| Dec 31, 2017 | 2.27 | 1.24 |
| Dec 31, 2016 | 2.63 | 1.22 |
| Dec 31, 2015 | 2.30 | 1.24 |
| Dec 31, 2014 | 3.26 | 1.26 |
| Dec 31, 2013 | 3.50 | 1.33 |
| Dec 31, 2012 | 3.25 | 1.30 |
| Dec 31, 2011 | 2.75 | 1.30 |
| Dec 31, 2010 | 2.76 | 1.28 |
| Dec 31, 2009 | 2.19 | 1.23 |
| Dec 31, 2008 | 2.16 | 1.06 |
| Dec 31, 2007 | 1.88 | 1.07 |
| Dec 31, 2006 | 2.13 | 1.05 |
| Dec 31, 2005 | 2.27 | 1.05 |
Based on: 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).