Amcor PLC (AMCR)
Cash ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 588,000 | 457,000 | 430,000 | 524,000 | 689,000 | 564,000 | 837,000 | 562,000 | 775,000 | 1,077,000 | 626,000 | 633,000 | 850,000 | 690,000 | 755,000 | 757,000 | 743,000 | 537,800 | 673,800 | 480,200 |
| Short-term investments | US$ in thousands | — | 4,000 | 7,000 | 13,000 | 16,000 | 7,000 | 1,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,261,000 | 3,913,000 | 3,970,000 | 4,005,000 | 4,476,000 | 4,408,000 | 4,393,000 | 4,589,000 | 5,103,000 | 4,424,000 | 4,293,000 | 4,017,000 | 4,345,000 | 3,670,000 | 3,678,000 | 3,626,000 | 3,974,000 | 3,651,900 | 3,767,400 | 3,839,600 |
| Cash ratio | 0.14 | 0.12 | 0.11 | 0.13 | 0.16 | 0.13 | 0.19 | 0.12 | 0.15 | 0.24 | 0.15 | 0.16 | 0.20 | 0.19 | 0.21 | 0.21 | 0.19 | 0.15 | 0.18 | 0.13 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($588,000K
+ $—K)
÷ $4,261,000K
= 0.14
The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Analyzing the cash ratio of Amcor PLC over the past several quarters, we observe fluctuations in the ratio. In the most recent quarter, ending June 30, 2024, the cash ratio stands at 0.14, indicating that the company had $0.14 in cash and cash equivalents for every $1 of current liabilities.
Comparing this to previous quarters, we note that the cash ratio has ranged from 0.11 to 0.24 over the past few years, showing volatility in the company's ability to cover short-term obligations with cash assets.
Overall, the trend in Amcor PLC's cash ratio suggests some variability in its liquidity position. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024