Stock Analysis on Net
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: 2025-12-31), 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

The current ratio for the analyzed period demonstrates fluctuations, generally remaining above 1.0, indicating a consistent ability to cover short-term liabilities with short-term assets. However, a discernible downward trend emerges in the later years of the period.

Overall Trend
From 2005 to 2011, the current ratio generally increased, moving from 1.12 to a peak of 1.38 in 2011. This suggests improving liquidity and a strengthening short-term financial position during this timeframe. Following 2011, the ratio experienced increased volatility.
Mid-Period Stability (2012-2015)
Between 2012 and 2015, the current ratio remained relatively stable, fluctuating between 1.18 and 1.30. While not exhibiting significant growth, this period suggests a consistent, albeit moderate, level of liquidity.
Recent Decline (2016-2025)
From 2016 onwards, a noticeable downward trend is observed. The ratio decreased from 1.30 in 2016 to 0.99 in 2023, before a slight recovery to 1.03 in 2025. This decline indicates a weakening ability to meet short-term obligations with current assets. The ratio falling below 1.0 in 2023 is a potential cause for concern, suggesting a potential liquidity strain.
Asset and Liability Contributions
Both current assets and current liabilities increased over the period. However, the growth in current liabilities appears to have outpaced the growth in current assets in the latter half of the analyzed timeframe, contributing to the observed decline in the current ratio. Specifically, the substantial increases in current liabilities from 2018 onwards are notable.
Peak and Low Points
The highest recorded current ratio was 1.38 in 2011. The lowest recorded current ratio was 0.99 in 2023. These represent the strongest and weakest points of short-term liquidity within the analyzed period.

In conclusion, while the company maintained a current ratio generally above 1.0 for much of the period, the recent downward trend and the dip below 1.0 in 2023 warrant further investigation into the underlying drivers of this change in liquidity position.

Comparison to Competitors

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

Microsoft Excel
RTX Corp. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp.
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
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Dec 31, 2021
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Dec 31, 2018
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Dec 31, 2014
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Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
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Dec 31, 2008
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Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2025-12-31), 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)

RTX Corp., current ratio, long-term trends, comparison to sector (capital goods)

Microsoft Excel
RTX Corp. Capital Goods
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Dec 31, 2014
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Based on: 10-K (reporting date: 2025-12-31), 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 Industry (Industrials)

RTX Corp., current ratio, long-term trends, comparison to industry (industrials)

Microsoft Excel
RTX Corp. Industrials
Dec 31, 2025
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Dec 31, 2009
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Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2025-12-31), 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).