Crown Holdings Inc (CCK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 918,000 | 1,310,000 | 550,000 | 531,000 | 1,173,000 |
| Short-term investments | US$ in thousands | — | -113,000 | — | — | — |
| Total current liabilities | US$ in thousands | 3,465,000 | 4,201,000 | 3,932,000 | 4,133,000 | 4,282,000 |
| Cash ratio | 0.26 | 0.28 | 0.14 | 0.13 | 0.27 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($918,000K
+ $—K)
÷ $3,465,000K
= 0.26
The cash ratio for Crown Holdings Inc has fluctuated over the past five years, ranging from 0.13 to 0.28. The ratio indicates the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. In 2021 and 2022, the cash ratio was relatively low at 0.13 and 0.14 respectively, suggesting the company may have had less liquid assets to cover its short-term obligations. However, by 2023, the ratio improved significantly to 0.28, indicating a stronger liquidity position. In 2024, the ratio decreased slightly to 0.26, maintaining a relatively healthy level of liquidity. Overall, monitoring the cash ratio trends can provide insights into Crown Holdings Inc's liquidity management and financial health.
Peer comparison
Dec 31, 2024