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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Adient's current ratio for the quarter that ended in Dec. 2023 was 1.15.
Adient has a current ratio of 1.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Adient's Current Ratio or its related term are showing as below:
During the past 11 years, Adient's highest Current Ratio was 1.45. The lowest was 0.91. And the median was 1.09.
The historical data trend for Adient's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Adient Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.07 | 1.17 | 1.45 | 1.19 | 1.15 |
Adient Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 1.20 | 1.16 | 1.18 | 1.15 | 1.15 |
For the Auto Parts subindustry, Adient's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Vehicles & Parts industry and Consumer Cyclical sector, Adient's Current Ratio distribution charts can be found below:
* The bar in red indicates where Adient's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Adient's Current Ratio for the fiscal year that ended in Sep. 2023 is calculated as
Current Ratio (A: Sep. 2023 ) | = | Total Current Assets (A: Sep. 2023 ) | / | Total Current Liabilities (A: Sep. 2023 ) |
= | 4316 | / | 3738 | |
= | 1.15 |
Adient's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 4074 | / | 3548 | |
= | 1.15 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Adient (NYSE:ADNT) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Adient's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jerome J. Dorlack | officer: VP, Seating Americas | 5725 DELPHI DRIVE, TROY MI 48098 |
Peter Carlin | director | 101 JFK PARKWAY, SHORT HILLS NJ 07078 |
Jodi Euerle Eddy | director | C/O BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752 |
James Conklin | officer: EVP, Americas | ADIENT, 49200 HALYARD DRIVE, PLYMOUTH MI 48170 |
Heather M Tiltmann | officer: SVP, Gen. Counsel & Secretary | 49200 HALYARD DRIVE, PLYMOUTH MI 48170 |
Douglas G Delgrosso | director, officer: CEO and President | |
Berthelin Michel Pierre Rose | officer: VP, Seating EMEA | 49200 HALYARD DRIVE, PLYMOUTH MI 48170 |
Jeffrey Stafeil | officer: EVP and CFO | 1707 PADDINGTON CIRCLE, KESWICK VA 22947 |
Gregory Scott Smith | officer: VP & Chief Accounting Officer | 49200 HALYARD DRIVE, PLYMOUTH MI 48170 |
Ricky T Dillon | director | ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606 |
Jian James Huang | officer: Vice President, APAC | 49200 HALYARD DRIVE, PLYMOUTH MI 48170 |
Jose M Gutierrez | director | 175 E HOUSTON ST. ROOM 216, SAN ANTONIO TX 78205 |
Frederick A. Henderson | director | SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Cathleen A Ebacher | officer: VP, GC and Secretary | 833 E MICHIGAN STREET, SUITE 1100, MILWAUKEE WI 53202 |
R Bruce Mcdonald | director, officer: Chairman and CEO | ADIENT PLC, 833 E. MICHIGAN STREET, SUITE 1100, MILWAUKEE WI 53202 |
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