Amcor PLC (AMCR)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 827,000 | 2,045,000 | 445,000 | 432,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 4,000 | 7,000 | 13,000 | 16,000 | 7,000 | 1,000 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,987,000 | 3,940,000 | 3,897,000 | 4,068,000 | 4,261,000 | 3,913,000 | 3,970,000 | 4,005,000 | 4,476,000 | 4,408,000 | 4,393,000 | 2,915,000 | 5,103,000 | 4,424,000 | 4,293,000 | 4,017,000 | 4,345,000 | 3,670,000 | 3,678,000 | 3,626,000 |
| Cash ratio | 0.12 | 0.52 | 0.11 | 0.11 | 0.14 | 0.12 | 0.11 | 0.13 | 0.16 | 0.13 | 0.19 | 0.19 | 0.15 | 0.24 | 0.15 | 0.16 | 0.20 | 0.19 | 0.21 | 0.21 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($827,000K
+ $—K)
÷ $6,987,000K
= 0.12
The analysis of Amcor PLC’s cash ratio over the specified periods reveals a generally low liquidity position, indicative of a conservative approach to cash holdings relative to current liabilities. The cash ratio fluctuated within a narrow range from September 2020 through September 2021, beginning at 0.21 and declining to a low of 0.15, with slight variations reflecting modest changes in liquidity. During this period, the company consistently maintained a cash ratio below 0.25, suggesting a relatively cautious liquidity stance and possibly a reliance on other current asset categories for short-term obligations.
In the subsequent periods, a slight uptick is observed in the financial year ending March 2022, where the cash ratio increased to 0.24, suggesting an improvement in cash holdings relative to current liabilities. However, this was followed by a decline back to 0.13 by March 2023, reaching its lowest point in the observed timeline, which indicates a local reduction in liquidity and a potential shift towards using cash for operational needs or investments.
From March 2023 onwards, the cash ratio exhibits some variability, with a brief increase to 0.52 in March 2025, representing a significant liquidity spike. This anomaly could indicate a temporary accumulation of cash, possibly due to strategic cash reserves, disposals, or timing of receivables and payables. Post this peak, the ratio declines again to 0.12-0.14 levels by mid and late 2025.
Overall, the trend demonstrates that while the cash ratio has experienced fluctuations, it consistently remains below 0.5, reflecting a cautious liquidity management policy. The notable exception in March 2025 suggests episodic liquidity buildups; however, the general stability in the ratio indicates that Amcor PLC tends to operate with limited cash reserves as a proportion of current liabilities, likely relying on other liquid assets or operational cash flows to meet short-term obligations.
Peer comparison
Jun 30, 2025