Crown Holdings Inc (CCK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,211,000 | 4,833,000 | 4,659,000 | 4,495,000 | 4,903,000 |
| Total current liabilities | US$ in thousands | 3,465,000 | 4,201,000 | 3,932,000 | 4,133,000 | 4,282,000 |
| Current ratio | 1.22 | 1.15 | 1.18 | 1.09 | 1.15 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,211,000K ÷ $3,465,000K
= 1.22
The current ratio of Crown Holdings Inc has shown some fluctuation over the past five years. In 2020, the current ratio was 1.15, indicating that the company had $1.15 in current assets for every $1 of current liabilities. By 2021, the current ratio decreased slightly to 1.09, suggesting a potential strain on the company's liquidity. However, in 2022, the current ratio improved to 1.18, signifying better liquidity position. Subsequently, in 2023, the current ratio reverted back to 1.15, similar to the 2020 level. Finally, in 2024, the current ratio increased to 1.22, indicating a stronger ability to cover short-term obligations with current assets. Overall, while the current ratio has fluctuated, the company seems to have maintained a relatively stable liquidity position over the years.
Peer comparison
Dec 31, 2024