Crown Holdings Inc (CCK)
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 | 918,000 | 1,738,000 | 1,414,000 | 1,123,000 | 1,310,000 | 807,000 | 547,000 | 403,000 | 550,000 | 368,000 | 438,000 | 389,000 | 531,000 | 2,261,000 | 566,000 | 588,000 | 1,173,000 | 613,000 | 366,000 | 765,000 |
| Short-term investments | US$ in thousands | — | 95,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,465,000 | 4,236,000 | 4,688,000 | 3,864,000 | 4,201,000 | 3,957,000 | 3,554,000 | 3,576,000 | 3,932,000 | 4,010,000 | 5,356,000 | 5,106,000 | 4,133,000 | 5,535,000 | 4,514,000 | 3,756,000 | 4,282,000 | 3,624,000 | 3,447,000 | 3,238,000 |
| Cash ratio | 0.26 | 0.43 | 0.30 | 0.29 | 0.31 | 0.20 | 0.15 | 0.11 | 0.14 | 0.09 | 0.08 | 0.08 | 0.13 | 0.41 | 0.13 | 0.16 | 0.27 | 0.17 | 0.11 | 0.24 |
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 of Crown Holdings Inc has fluctuated over the past years, ranging from a low of 0.08 to a high of 0.43. This ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio suggests a stronger liquidity position, as the company has more cash on hand relative to its current liabilities.
The trend in Crown Holdings Inc's cash ratio shows some variability, with occasional spikes and dips. Overall, the company appears to have maintained a satisfactory level of liquidity throughout the period, with the ratio generally staying above 0.10. It is important for investors and analysts to closely monitor the cash ratio to assess the company's ability to meet its short-term obligations and manage liquidity effectively.
Peer comparison
Dec 31, 2024