Market Cap : 8.72 B | Enterprise Value : 14.27 B | PE Ratio : 12.40 | PB Ratio : 2.21 |
---|
NAS:NWL has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NAS:NWL has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. Newell Brands's current ratio for the quarter that ended in Jun. 2022 was 1.03.
Newell Brands has a current ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Newell Brands's Current Ratio or its related term are showing as below:
During the past 13 years, Newell Brands's highest Current Ratio was 4.78. The lowest was 1.03. And the median was 1.48.
NWL's Current Ratio is ranked worse thanThe historical data trend for Newell Brands'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.
For the Household & Personal Products subindustry, Newell Brands'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 Consumer Packaged Goods industry and Consumer Defensive sector, Newell Brands's Current Ratio distribution charts can be found below:
* The bar in red indicates where Newell Brands'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.
Newell Brands's Current Ratio for the fiscal year that ended in Dec. 2021
Newell Brands's Current Ratio for the quarter that ended in Jun. 2022 is calculated as * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
Current Ratio (A: Dec. 2021 ) = Total Current Assets (A: Dec. 2021 ) / Total Current Liabilities (A: Dec. 2021 )
= 4262 / 3317
= 1.28
Current Ratio (Q: Jun. 2022 ) = Total Current Assets (Q: Jun. 2022 ) / Total Current Liabilities (Q: Jun. 2022 )
= 4757 / 4630
= 1.03
* 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.
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 Newell Brands's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mejia Maria Fernanda | officer: CEO, International | ONE KELLOGG SQUARE PO BOX 3599 BATTLE CREEK MI 49016-3599 |
Icahn Partners Lp | 10 percent owner | 16690 COLLINS AVE. PH SUNNY ISLES FL 33160 |
Icahn Partners Master Fund Lp | 10 percent owner | 16690 COLLINS AVE. PH SUNNY ISLES FL 33160 |
Icahn Carl C | 10 percent owner | C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH-1 SUNNY ISLES BEACH FL 33160 |
Geller Michal J. | officer: President, eCommerce & Digital | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Sesplankis Jeffrey M | officer: Chief Accounting Officer | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Johnson Jay Lecoryelle | director | C/O DIAMONDROCK HOSPITALITY COMPANY 2 BETHESDA METRO CENTER, SUITE 1400 BETHESDA MD 20814 |
Robins Christine Marie | officer: Business Unit CEO - A&C | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Mcdermott Michael P | officer: Business Unit CEO - Commercial | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Pisani James Anthony | officer: Bus. Unit CEO - Outdoor & Rec. | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Malkoski Kristine Kay | officer: Business Unit CEO - Food | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Hayes Michael Mchugh | officer: Chief Customer Officer | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
Hammer David Mark | officer: Business Unit CEO - A&C | 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328 |
High River Limited Partnership | 10 percent owner | 16690 COLLINS AVE. PH SUNNY ISLES FL 33160 |
Parsons Stephen B | officer: Chief Human Resources Officer | NEWELL BRANDS INC. 6655 PEACHTEE DUNWOODY ROAD ATLANTA GA 30328 |
From GuruFocus
Other Sources
By Zacks 2022-03-04
By Zacks 2022-03-22
By Zacks 2022-02-14
By Zacks 2022-02-16
By Zacks 2022-04-04
By tipranks.com 2022-02-15
By Zacks 2022-04-06
By Zacks 2022-01-04
By Zacks 2022-02-11
By Seekingalpha 2021-11-25
By tipranks.com 2022-02-10