Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Sherwin-Williams Co., 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 thousands


Current Assets
Current assets experienced fluctuations over the period. Starting at approximately 1.89 billion USD in 2005, they rose significantly to a peak of around 3.15 billion USD in 2013. Following a slight decline in 2014 and 2015, current assets increased again, reaching a high of nearly 5.91 billion USD by the end of 2022. However, the last two recorded years show a modest decline to 5.51 billion USD in 2023 and 5.40 billion USD in 2024. This overall trend indicates growth in liquid or short-term resources, albeit with some volatility.
Current Liabilities
Current liabilities showed an increasing trend across the timeframe, beginning at around 1.55 billion USD in 2005 and rising substantially to 6.63 billion USD by 2024. Notable fluctuations occurred, with a dip in 2009 to 1.39 billion USD and a general steep upward trend afterwards, particularly from 2015 onwards, underlining a growing short-term obligations burden for the company.
Current Ratio
The current ratio varied significantly throughout the years, starting at 1.22 in 2005 and maintaining levels near or above 1 until 2013, with a peak of 1.68 in 2012. Post-2013, the ratio predominantly trended downward, falling below 1 in several years. By 2020, the current ratio reached 1.00, then declined further to 0.79 in 2024. This downward trend suggests decreasing short-term liquidity and potentially increased risk in meeting short-term liabilities with current assets over recent years.
Summary Insights
The company’s current assets increased over the long term, reflecting growth in liquid assets. Concurrently, current liabilities grew at a faster pace, which contributed to the deteriorating current ratio. Declining liquidity ratios in recent years indicate tightening short-term financial health, emphasizing a need for careful management of working capital to maintain solvency. The volatility observed in current assets and liabilities reflects ongoing adjustments in operational and financial strategies, possibly responding to market conditions or internal financial policies.

Comparison to Competitors


Comparison to Sector (Chemicals)


Comparison to Industry (Materials)