Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

RTX Corp., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 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


Current Assets
The current assets exhibited a general upward trend over the analyzed period. Starting at 17,206 million USD in 2005, the figure rose steadily with occasional moderate fluctuations to reach 51,133 million USD by 2024. Notable increments occurred between 2011 and 2014, and from 2018 onward, indicating a consistent growth in liquid resources or short-term assets available to cover liabilities.
Current Liabilities
Current liabilities showed a gradual increase from 15,345 million USD in 2005 to 51,499 million USD in 2024. Although the growth was relatively steady, certain years, such as between 2011 and 2014, presented sharper rises, which correspond with the periods of increasing current assets. The data suggests growing obligations and potential increases in short-term debts or payables over the years.
Current Ratio
The current ratio displayed some volatility and a declining trend in recent years. Initially remaining above 1.1 and peaking at around 1.38 in 2011, the ratio generally hovered between 1.1 and 1.3 through 2017. From 2018 onward, the ratio decreased gradually below the critical benchmark of 1.0 by 2024, ending at 0.99. This trend potentially indicates that the company's current liabilities are growing at a faster rate than its current assets, suggesting a weakening short-term liquidity position toward the end of the period.
Overall Analysis
Across the two decades, both current assets and liabilities increased significantly, with liabilities increasing proportionally more in recent years. Although the company historically maintained a current ratio above 1.0, signaling sufficient liquidity to cover short-term obligations, the ratio’s downward movement approaching and falling just below 1.0 by 2024 necessitates attention. This could imply emerging liquidity pressures or a shift in the company's working capital management strategy. Continuous monitoring and potential measures to improve short-term asset coverage may be advisable to maintain financial stability.

Comparison to Competitors

RTX Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 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 (Capital Goods)


Comparison to Industry (Industrials)