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 financial data over the analyzed period shows several notable trends in liquidity as reflected by current assets, current liabilities, and the current ratio.
- Current Assets
- The value of current assets demonstrates a general upward trend from 2005 through 2022. Starting at approximately 820,100 thousand US dollars in 2005, current assets rose notably after 2009, peaking at around 1,629,400 thousand US dollars in 2013. Following a slight dip in 2014 and 2015, current assets increased again, reaching 2,021,400 thousand US dollars by the end of 2022. This growth signifies an expansion in resources readily convertible to cash or used within a year.
- Current Liabilities
- Current liabilities showed a general increase over the same period, beginning at 360,500 thousand US dollars in 2005 and rising to 1,088,500 thousand US dollars by 2022. The increase appears relatively steady, with some acceleration after 2013. The upward movement reflects a rising short-term debt or obligations, which may be associated with increased business activities or operational funding needs.
- Current Ratio
- The current ratio, which measures liquidity by comparing current assets to current liabilities, exhibits variability. Initially high at 2.27 in 2005, it declined to a trough of 1.88 in 2007. A strong recovery followed, reaching a peak ratio of 3.50 in 2013, suggesting enhanced liquidity during that period. However, post-2013, the ratio declined consistently to 1.67 in 2020 before a moderate recovery to 1.86 by 2022. The fluctuations highlight changes in liquidity management or shifts in the balance of assets and liabilities, with a general trend toward tighter liquidity in recent years.
Overall, the data indicates growth in both current assets and liabilities, with liquidity peaking around 2013 and subsequently declining but remaining above 1.5, suggesting the company generally maintains a conservative liquidity buffer throughout the years. The recent trend points to a more balanced approach between asset accumulation and liability management.
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).