Amcor PLC (AMCR)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,846,000 | 1,935,000 | 1,820,000 | 1,870,000 | 1,875,000 | 2,034,000 | 1,972,000 | 1,984,000 | 1,935,000 | 2,090,000 | 1,889,000 | 1,938,000 | 1,864,000 | 1,775,000 | 1,681,000 | 1,673,000 | 1,615,900 | 1,730,500 | 1,669,100 | 1,789,500 |
| 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 |
| Quick ratio | 0.57 | 0.61 | 0.57 | 0.60 | 0.58 | 0.59 | 0.64 | 0.55 | 0.53 | 0.72 | 0.59 | 0.64 | 0.62 | 0.67 | 0.66 | 0.67 | 0.59 | 0.62 | 0.62 | 0.59 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($588,000K
+ $—K
+ $1,846,000K)
÷ $4,261,000K
= 0.57
The quick ratio of Amcor PLC has shown some fluctuations over the past few quarters. As of June 30, 2024, the quick ratio was 0.57, which indicates that the company had $0.57 in liquid assets available to cover each $1 of current liabilities. This suggests that Amcor PLC may have some difficulty meeting its short-term obligations using its most liquid assets.
Looking at the trend over the past six quarters, the quick ratio has ranged between 0.53 and 0.72. The ratio was relatively stable in the range of 0.59 to 0.64 in the last four quarters, showing some level of consistency in the company's ability to cover its short-term liabilities with its quick assets.
The quick ratio dipped to 0.53 in the second quarter of 2022 but recovered to 0.72 in the first quarter of 2022, indicating a significant improvement in liquidity position. However, there was a subsequent decline in the ratio to 0.53 in the third quarter of 2022 before stabilizing around 0.57 to 0.61 in the following quarters.
Overall, the quick ratio of Amcor PLC has shown some fluctuations but has generally remained within a reasonable range over the past few quarters, suggesting that the company has been managing its short-term liquidity effectively. It is important for investors and creditors to continue monitoring this ratio to assess the company's liquidity position going forward.
Peer comparison
Jun 30, 2024