AptarGroup Inc (ATR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,549,280 | 1,502,760 | 1,516,020 | 1,481,510 | 1,430,290 | 1,399,730 | 1,558,640 | 1,642,090 | 1,358,210 | 1,344,060 | 1,492,450 | 1,406,980 | 1,369,000 | 1,327,200 | 1,343,570 | 1,514,650 | 1,291,240 | 1,324,730 | 1,418,540 | 1,329,440 |
| 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 |
| Current ratio | 1.24 | 1.22 | 1.47 | 1.42 | 1.56 | 1.56 | 1.90 | 1.91 | 1.38 | 1.48 | 1.91 | 1.86 | 1.75 | 1.69 | 1.62 | 1.70 | 1.89 | 2.04 | 2.11 | 2.13 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,549,280K ÷ $1,251,310K
= 1.24
Aptargroup Inc.'s current ratio has shown some fluctuation in recent quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. In the latest quarter, Q4 2023, the current ratio was 1.24, indicating that the company had $1.24 in current assets for every $1 in current liabilities.
Compared to the previous quarters, the current ratio has been relatively stable around the range of 1.22 to 1.56. The peak ratios of 1.90 and 1.91 in Q2 and Q1 of 2022 suggest the company had a stronger ability to cover its short-term obligations during that period.
Overall, Aptargroup Inc.'s current ratio has generally been above 1, indicating a healthy liquidity position. However, the slight decline in the current ratio in the latest quarter may warrant further monitoring to ensure the company can continue to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023