AptarGroup Inc (ATR)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 223,844 | 325,524 | 221,492 | 199,834 | 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 |
| Short-term investments | US$ in thousands | 2,337 | 2,387 | 2,399 | 1,223 | 0 | — | 21 | — | 0 | 0 | 0 | 717 | 740 | 319 | 0 | 0 | 243 | 46,995 | — | — |
| Total current liabilities | US$ in thousands | 1,068,280 | 1,026,650 | 1,168,110 | 1,196,140 | 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 |
| Cash ratio | 0.21 | 0.32 | 0.19 | 0.17 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($223,844K
+ $2,337K)
÷ $1,068,280K
= 0.21
The cash ratio of AptarGroup Inc has fluctuated over the past few years, ranging from a low of 0.13 to a high of 0.46. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing.
Looking at the trend, we can see that the cash ratio decreased from 0.46 on March 31, 2020, to a low point of 0.12 in March 31, 2023, and has since shown some recovery, reaching 0.21 on December 31, 2024. The downward trend in the cash ratio may raise concerns about the company's liquidity position and ability to meet its short-term obligations.
It is important for investors and analysts to monitor the cash ratio closely, as a declining ratio could indicate potential liquidity challenges for the company. Adequate levels of cash are essential for meeting ongoing operational expenses, investing in growth opportunities, and weathering economic uncertainties or unexpected events.
Peer comparison
Dec 31, 2024