Crown Holdings Inc (CCK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,833,000 | 4,659,000 | 4,495,000 | 4,903,000 | 4,002,000 |
| Total current liabilities | US$ in thousands | 4,201,000 | 3,932,000 | 4,133,000 | 4,282,000 | 3,899,000 |
| Current ratio | 1.15 | 1.18 | 1.09 | 1.15 | 1.03 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,833,000K ÷ $4,201,000K
= 1.15
The current ratio of Crown Holdings, Inc. has shown some fluctuations over the past five years. In 2023, the current ratio decreased to 1.15 from 1.18 in 2022, indicating a slight decline in the company's short-term liquidity. However, despite the decrease, the current ratio remains above 1, suggesting that Crown Holdings, Inc. has sufficient current assets to cover its current liabilities.
Comparing the current ratio to previous years, we observe some variability. In 2021, the ratio was 1.09, which was lower than in 2020 (1.15) but higher than in 2019 (1.03). This fluctuation could be due to changes in the company's current asset or liability structure over the years.
Overall, while the current ratio is a key indicator of a company's short-term financial health, it should be analyzed in conjunction with other financial metrics to gain a more comprehensive understanding of Crown Holdings, Inc.'s liquidity position and financial performance.
Peer comparison
Dec 31, 2023