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Adient (Adient) Current Ratio : 1.15 (As of Dec. 2023)


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What is Adient Current Ratio?

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:

ADNT' s Current Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.09   Max: 1.45
Current: 1.15

During the past 11 years, Adient's highest Current Ratio was 1.45. The lowest was 0.91. And the median was 1.09.

ADNT's Current Ratio is ranked worse than
72.15% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 1.54 vs ADNT: 1.15

Adient Current Ratio Historical Data

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.

* Premium members only.

Adient Current Ratio Chart

Adient Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 1.16 1.18 1.15 1.15

Competitive Comparison of Adient's Current Ratio

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.


Adient's Current Ratio Distribution in the Vehicles & Parts Industry

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.



Adient Current Ratio Calculation

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.


Adient Current Ratio Related Terms

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Adient (Adient) Business Description

Traded in Other Exchanges
Address
3 Dublin Landings, North Wall Quay, IFSC, Dublin 1, Dublin, IRL, D01 H104
Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated seating revenue from joint ventures after factoring in the sale was about $3.8 billion in fiscal 2023 and consolidated China revenue was $1.4 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2023 (Sept. 30 year-end) consolidated revenue, which excludes joint venture sales, was $15.4 billion.
Executives
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