Current Ratio
since 2005
Calculation
Motorola Solutions Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.00 | = | 5,725) | ÷ | 5,736) |
| Dec 31, 2022 | 1.15 | = | 5,255) | ÷ | 4,560) |
| Dec 31, 2021 | 1.33 | = | 5,412) | ÷ | 4,063) |
| Dec 31, 2020 | 1.24 | = | 4,327) | ÷ | 3,489) |
| Dec 31, 2019 | 1.21 | = | 4,178) | ÷ | 3,439) |
| Dec 31, 2018 | 1.38 | = | 4,272) | ÷ | 3,096) |
| Dec 31, 2017 | 1.35 | = | 3,950) | ÷ | 2,931) |
| Dec 31, 2016 | 1.30 | = | 3,468) | ÷ | 2,668) |
| Dec 31, 2015 | 2.09 | = | 4,582) | ÷ | 2,193) |
| Dec 31, 2014 | 3.06 | = | 6,879) | ÷ | 2,250) |
| Dec 31, 2013 | 2.18 | = | 7,020) | ÷ | 3,220) |
| Dec 31, 2012 | 2.22 | = | 7,401) | ÷ | 3,335) |
| Dec 31, 2011 | 2.30 | = | 8,768) | ÷ | 3,815) |
| Dec 31, 2010 | 1.97 | = | 17,154) | ÷ | 8,710) |
| Dec 31, 2009 | 1.94 | = | 16,032) | ÷ | 8,261) |
| Dec 31, 2008 | 1.63 | = | 17,363) | ÷ | 10,620) |
| Dec 31, 2007 | 1.78 | = | 22,222) | ÷ | 12,500) |
| Dec 31, 2006 | 2.01 | = | 30,975) | ÷ | 15,425) |
| Dec 31, 2005 | 2.23 | = | 27,869) | ÷ | 12,488) |
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), 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 analysis of the financial data over the examined period reveals several trends in liquidity and working capital management.
- Current Assets
- Current assets exhibit a general declining trend from 27,869 million USD at the end of 2005 to a low of 3,468 million USD in 2016. Following 2016, there is a slight recovery, with values increasing to 5,725 million USD by 2023. This indicates a contraction in short-term asset holdings over much of the period, with a modest recovery in the later years.
- Current Liabilities
- Current liabilities follow a somewhat similar pattern, initially decreasing from 12,488 million USD in 2005 to a low of 2,193 million USD in 2014. After this, current liabilities generally rise, reaching 5,736 million USD by 2023. This suggests the company reduced its short-term obligations significantly in the earlier years but then increased these liabilities in recent years.
- Current Ratio
- The current ratio starts at a healthy 2.23 in 2005, indicating good short-term liquidity. It declines gradually, reaching a low point of 1.0 by 2023. Notably, between 2010 and 2014, the current ratio saw a peak at 3.06 in 2014, reflecting a period of very strong liquidity. However, from 2014 onwards, the ratio steadily declines, suggesting a reduction in liquidity buffer and a tightening of the current asset to current liability relationship.
Overall, the data indicate an initial phase of relatively high liquidity with robust current assets and liabilities. There is a marked contraction in both current assets and current liabilities during the mid-period, with current liabilities dropping more sharply. The peak current ratio in 2014 corresponds to this phase, implying cautious short-term financial management or increased liquidity reserves. In the later years, both current assets and liabilities increase, but current liabilities grow at a faster rate than assets, resulting in a declining current ratio. By 2023, the current ratio reaches 1.0, signifying that current assets just cover current liabilities, which may imply reduced liquidity cushion and perhaps increased risk regarding short-term obligations.
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Comparison to Competitors
Motorola Solutions Inc., current ratio, long-term trends, comparison to competitors
| Motorola Solutions Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 1.00 | 0.99 | 4.39 | 1.38 | 0.82 | 4.38 | 2.31 |
| Dec 31, 2022 | 1.15 | 0.88 | 4.29 | 1.43 | 0.80 | 4.38 | 1.91 |
| Dec 31, 2021 | 1.33 | 1.07 | 4.34 | 1.49 | 0.80 | 3.67 | 1.93 |
| Dec 31, 2020 | 1.24 | 1.36 | 4.99 | 1.72 | 0.70 | 7.24 | 2.25 |
| Dec 31, 2019 | 1.21 | 1.54 | 5.81 | 1.51 | 0.80 | 4.53 | 2.35 |
| Dec 31, 2018 | 1.38 | 1.12 | 4.48 | 2.29 | — | 5.27 | 1.89 |
| Dec 31, 2017 | 1.35 | 1.28 | 4.28 | 3.03 | — | 5.05 | 1.88 |
| Dec 31, 2016 | 1.30 | 1.35 | 3.32 | 3.16 | — | 2.82 | 2.58 |
| Dec 31, 2015 | 2.09 | 1.11 | 4.15 | 3.23 | — | 2.55 | 2.01 |
| Dec 31, 2014 | 3.06 | 1.08 | 4.71 | 3.39 | — | — | 2.10 |
| Dec 31, 2013 | 2.18 | 1.68 | — | 2.95 | — | — | 2.16 |
| Dec 31, 2012 | 2.22 | 1.50 | — | 3.49 | — | — | 2.19 |
| Dec 31, 2011 | 2.30 | 1.61 | — | 3.27 | — | — | 2.63 |
| Dec 31, 2010 | 1.97 | 2.01 | — | 2.67 | — | — | 2.15 |
| Dec 31, 2009 | 1.94 | 1.88 | — | 3.24 | — | — | 2.47 |
| Dec 31, 2008 | 1.63 | 2.46 | — | 2.58 | — | — | 2.05 |
| Dec 31, 2007 | 1.78 | 2.36 | — | 2.36 | — | — | 2.21 |
| Dec 31, 2006 | 2.01 | 2.24 | — | 2.27 | — | — | — |
| Dec 31, 2005 | 2.23 | 2.96 | — | 1.37 | — | — | — |
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), 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 (Technology Hardware & Equipment)
Motorola Solutions Inc., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Motorola Solutions Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 1.00 | 1.05 |
| Dec 31, 2022 | 1.15 | 0.96 |
| Dec 31, 2021 | 1.33 | 1.09 |
| Dec 31, 2020 | 1.24 | 1.25 |
| Dec 31, 2019 | 1.21 | 1.38 |
| Dec 31, 2018 | 1.38 | 1.36 |
| Dec 31, 2017 | 1.35 | 1.67 |
| Dec 31, 2016 | 1.30 | 1.80 |
| Dec 31, 2015 | 2.09 | 1.60 |
| Dec 31, 2014 | 3.06 | 1.64 |
| Dec 31, 2013 | 2.18 | 2.11 |
| Dec 31, 2012 | 2.22 | 2.13 |
| Dec 31, 2011 | 2.30 | 2.25 |
| Dec 31, 2010 | 1.97 | 2.33 |
| Dec 31, 2009 | 1.94 | 2.44 |
| Dec 31, 2008 | 1.63 | 2.52 |
| Dec 31, 2007 | 1.78 | 2.36 |
| Dec 31, 2006 | 2.01 | 2.26 |
| Dec 31, 2005 | 2.23 | 1.80 |
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), 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 (Information Technology)
Motorola Solutions Inc., current ratio, long-term trends, comparison to industry (information technology)
| Motorola Solutions Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 1.00 | 1.41 |
| Dec 31, 2022 | 1.15 | 1.37 |
| Dec 31, 2021 | 1.33 | 1.56 |
| Dec 31, 2020 | 1.24 | 1.71 |
| Dec 31, 2019 | 1.21 | 1.66 |
| Dec 31, 2018 | 1.38 | 1.88 |
| Dec 31, 2017 | 1.35 | 2.04 |
| Dec 31, 2016 | 1.30 | 2.01 |
| Dec 31, 2015 | 2.09 | 2.03 |
| Dec 31, 2014 | 3.06 | 1.97 |
| Dec 31, 2013 | 2.18 | 2.20 |
| Dec 31, 2012 | 2.22 | 2.07 |
| Dec 31, 2011 | 2.30 | 2.11 |
| Dec 31, 2010 | 1.97 | 2.01 |
| Dec 31, 2009 | 1.94 | 2.03 |
| Dec 31, 2008 | 1.63 | 1.80 |
| Dec 31, 2007 | 1.78 | 1.79 |
| Dec 31, 2006 | 2.01 | 1.85 |
| Dec 31, 2005 | 2.23 | 2.01 |
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), 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).