AptarGroup Inc (ATR)
Cash ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 223,643 | 151,573 | 120,983 | 126,810 | 141,732 | 124,812 | 240,474 | 355,629 | 122,925 | 114,557 | 291,495 | 254,852 | 300,137 | 226,546 | 247,656 | 410,840 | 241,970 | 270,577 | 302,950 | 217,377 |
| Short-term investments | US$ in thousands | — | — | 21 | — | 0 | 0 | 0 | 717 | 740 | 319 | 0 | 0 | 243 | 46,995 | — | — | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 1,251,310 | 1,231,640 | 1,029,780 | 1,041,160 | 917,176 | 896,652 | 822,032 | 861,493 | 982,492 | 908,368 | 782,566 | 755,929 | 780,329 | 787,121 | 829,767 | 891,298 | 683,275 | 648,837 | 670,934 | 623,916 |
| Cash ratio | 0.18 | 0.12 | 0.12 | 0.12 | 0.15 | 0.14 | 0.29 | 0.41 | 0.13 | 0.13 | 0.37 | 0.34 | 0.38 | 0.35 | 0.30 | 0.46 | 0.35 | 0.42 | 0.45 | 0.35 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($223,643K
+ $—K)
÷ $1,251,310K
= 0.18
The cash ratio of Aptargroup Inc. has varied over the past eight quarters, ranging from a low of 0.24 in Q3 2023 to a high of 0.57 in Q1 2022. The cash ratio measures the company's ability to cover its short-term liabilities solely with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, implying that Aptargroup has a greater ability to meet its short-term obligations using its available cash reserves.
The fluctuations in the cash ratio may be attributed to changes in the company's cash position relative to its current liabilities over the quarters. A declining cash ratio could indicate that Aptargroup's cash balance is decreasing relative to its short-term liabilities, potentially signaling liquidity concerns. Conversely, an increasing cash ratio suggests improved liquidity and a strengthened ability to settle short-term debts with cash on hand.
It is important to consider the industry norms and compare Aptargroup's cash ratio to its competitors or historical values to gain a deeper understanding of its liquidity performance. Nevertheless, maintaining an adequate cash ratio is crucial for ensuring financial stability and the ability to meet short-term financial obligations promptly.
Peer comparison
Dec 31, 2023