Amcor PLC (AMCR)

Quick 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 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
Receivables US$ in thousands 3,426,000 1,969,000 1,775,000 1,973,000 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
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
Quick ratio 0.61 1.02 0.57 0.59 0.57 0.61 0.57 0.60 0.58 0.59 0.64 0.87 0.53 0.72 0.59 0.64 0.62 0.67 0.66 0.67

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($827,000K + $—K + $3,426,000K) ÷ $6,987,000K
= 0.61

The quick ratio of Amcor PLC has demonstrated a general trend of stability with some fluctuations over the analyzed period from September 2020 to June 2025. Initially, the ratio hovered around approximately 0.66 to 0.67 during the latter part of 2020 and the first quarter of 2021, indicating that the company's liquid assets were insufficient to cover current liabilities more than once but close to that level.

Throughout 2021, the quick ratio experienced minor declines, reaching a low of 0.59 by the end of December 2021. This suggests a decreased liquidity buffer, although it remained below 0.7, which is generally considered moderate.

In 2022, a mixed pattern emerged: the ratio increased significantly to 0.87 in September 2022, indicating a period of improved liquidity, possibly due to increased liquid assets or reduced current liabilities. However, subsequent quarters saw the ratio decline again to approximately 0.53 in June 2022 and stabilize around 0.57 to 0.64 towards the year's end.

During 2023, the ratio remained relatively steady, fluctuating in a narrow range between 0.58 and 0.61, reflecting consistent, but modest liquidity levels. The ratio continued this stabilization into 2024, maintaining values around 0.57 to 0.59, indicating a relatively steady liquidity position with no significant improvements or deteriorations.

A notable deviation occurred in March 2025, when the ratio jumped to 1.02, suggesting that at that point, Amcor PLC possessed sufficient liquid assets to cover its current liabilities more than once. This spike may reflect a temporary increase in liquid assets or a strategic reduction in short-term obligations. Following this, the ratio decreased again to approximately 0.61 by June 2025.

Overall, the company's quick ratio has generally remained below 1.0 for most of the period, indicating that liquid assets alone are not fully sufficient to cover current liabilities at all times. Occasional increases, such as in September 2022 and March 2025, suggest strategic liquidity adjustments or fluctuating liquidity levels. The relatively stable yet moderate liquidity position implies prudent management, with occasional periods of enhanced liquidity that may be attractive for short-term financial flexibility but also highlighting potential reliance on other sources of working capital.


Peer comparison

Jun 30, 2025

Company name
Symbol
Quick ratio
Amcor PLC
AMCR
0.61
Hillenbrand Inc
HI
0.72