Cummins Inc.

Cummins Inc.verified

CMI

Price:

$332.99

Market Cap:

$45.64B

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium du...[Read more]

Industry

Industrial - Machinery

IPO Date

1947-10-03

Stock Exchange

NYSE

Ticker

CMI

The Current Ratio as of October 2024 (TTM) for Cummins Inc. (CMI) is 1.34

According to Cummins Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.34. This represents a change of 1.57% compared to the average of 1.32 of the last 4 quarters.

Cummins Inc. (CMI) Historical Current Ratio (quarterly & annually)

How has CMI Current Ratio performed in the past?

The mean historical Current Ratio of Cummins Inc. over the last ten years is 1.68. The current 1.34 Current Ratio has changed 7.90% with respect to the historical average. Over the past ten years (40 quarters), CMI's Current Ratio was at its highest in in the December 2014 quarter at 2.25. The Current Ratio was at its lowest in in the December 2023 quarter at 1.18.

Quarterly (TTM)
Annual

Average

1.68

Median

1.66

Minimum

1.18

Maximum

2.25

Cummins Inc. (CMI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cummins Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 25.24%

Maximum Annual Current Ratio = 2.25

Minimum Annual Increase = -27.18%

Minimum Annual Current Ratio = 1.18

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.18-6.91%
20221.27-27.18%
20211.74-7.48%
20201.8825.24%
20191.50-2.50%
20181.54-2.21%
20171.57-11.75%
20161.78-14.72%
20152.09-7.21%
20142.25-12.21%

Cummins Inc. (CMI) Average Current Ratio

How has CMI Current Ratio performed in the past?

The current Current Ratio of Cummins Inc. (CMI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.39

5-year avg

1.51

10-year avg

1.68

Cummins Inc. (CMI) Current Ratio vs. Peers

How is CMI’s Current Ratio compared to its peers?

Cummins Inc.’s Current Ratio is greater than Illinois Tool Works Inc. (1.30), less than Dover Corporation (1.53), less than Eaton Corporation plc (1.56), greater than Parker-Hannifin Corporation (0.93), greater than Emerson Electric Co. (1.16), greater than Rockwell Automation, Inc. (1.04), less than Ingersoll Rand Inc. (2.18), less than Pentair plc (1.65), less than A. O. Smith Corporation (1.70),

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