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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. Aon's current ratio for the quarter that ended in Sep. 2024 was 1.07.
Aon has a current ratio of 1.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for Aon's Current Ratio or its related term are showing as below:
During the past 13 years, Aon's highest Current Ratio was 1.31. The lowest was 1.00. And the median was 1.07.
The historical data trend for Aon'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.
Aon Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.06 | 1.07 | 1.00 | 1.02 | 1.00 |
Aon Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Current Ratio | Get a 7-Day Free Trial | 1.02 | 1.00 | 1.31 | 1.09 | 1.07 |
For the Insurance Brokers subindustry, Aon'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 Insurance industry and Financial Services sector, Aon's Current Ratio distribution charts can be found below:
* The bar in red indicates where Aon'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.
Aon's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 21704 | / | 21651 | |
= | 1.00 |
Aon's Current Ratio for the quarter that ended in Sep. 2024 is calculated as
Current Ratio (Q: Sep. 2024 ) | = | Total Current Assets (Q: Sep. 2024 ) | / | Total Current Liabilities (Q: Sep. 2024 ) |
= | 23653 | / | 22098 | |
= | 1.07 |
* 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.
Aon (NYSE:AON) 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 Aon's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Byron Spruell | director | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Lisa Stevens | officer: Chief People Officer | 200 EAST RANDOLPH, CHICAGO IL 60601 |
Darren Zeidel | officer: General Counsel | 200 EAST RANDOLPH ST., CHICAGO IL 60640 |
Lester B Knight | director | C/O AON CORP, 200 EAST RANDOLPH STREET, CHICAGO IL 60601 |
Eric Andersen | officer: CEO, Aon Benfield | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Christa Davies | officer: EVP, Global Finance | AON CORPORATE LAW DEPT, 200 EAST RANDOLPH ST, 8TH FL, CHICAGO IL 60601 |
Michael Neller | officer: Principal Accounting Officer | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Sarah G Smith | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
Mindy F. Simon | officer: Chief Operating Officer | FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111 |
Adriana Karaboutis | director | C/O BIOGEN IDEC INC., 225 BINNEY ST., CAMBRIDGE MA 02142 |
Jillian Slyfield | officer: Chief Innovation Officer | 200 E RANDOLPH ST., CHICAGO IL 60601 |
J Michael Losh | director | H.B. FULLER COMPANY, P.O. BOX 64683, ST. PAUL MN 55164-0683 |
James Platt | officer: Chief Operating Officer | THE LEADENHALL BUILDING, 122 LEADENHALL ST., LONDON X0 EC3V 4AN |
John G Bruno | officer: Executive Vice President, CIO | |
Carolyn Y Woo | director | 801 E. 86TH AVENUE, MERRILLVILLE IN 4641- |
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