AptarGroup Inc (ATR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,549,280 | 1,430,290 | 1,358,210 | 1,369,000 | 1,291,240 |
| Total current liabilities | US$ in thousands | 1,251,310 | 917,176 | 982,492 | 780,329 | 683,275 |
| Current ratio | 1.24 | 1.56 | 1.38 | 1.75 | 1.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,549,280K ÷ $1,251,310K
= 1.24
The current ratio of Aptargroup Inc. has displayed fluctuations over the past five years. As of Dec 31, 2023, the current ratio stands at 1.24, indicating that the company's current assets are 1.24 times its current liabilities.
Comparing this to the prior years, the current ratio has decreased from 1.56 in 2022 and 1.75 in 2020, reflecting a potential weakening in the company's liquidity position. However, it is still above the ratios of 1.38 in 2021 and 1.89 in 2019.
While a current ratio above 1 generally signifies that a company can cover its short-term obligations, the declining trend in Aptargroup Inc.'s current ratio may warrant further investigation into the company's liquidity management and ability to meet its short-term financial obligations in the future. It is advisable for stakeholders to closely monitor this trend and assess any potential impacts on the company's financial stability.
Peer comparison
Dec 31, 2023