Crown Holdings Inc (CCK)
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 | 4,833,000 | 4,452,000 | 4,612,000 | 4,662,000 | 4,659,000 | 4,967,000 | 5,101,000 | 5,062,000 | 4,495,000 | 6,105,000 | 7,105,000 | 4,603,000 | 4,903,000 | 4,330,000 | 3,973,000 | 4,250,000 | 4,002,000 | 4,082,000 | 4,214,000 | 4,024,000 |
| Total current liabilities | US$ in thousands | 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 | 3,899,000 | 3,632,000 | 3,608,000 | 3,342,000 |
| Current ratio | 1.15 | 1.13 | 1.30 | 1.30 | 1.18 | 1.24 | 0.95 | 0.99 | 1.09 | 1.10 | 1.57 | 1.23 | 1.15 | 1.19 | 1.15 | 1.31 | 1.03 | 1.12 | 1.17 | 1.20 |
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 displayed some fluctuation over the past eight quarters. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
In Q4 2023 and Q3 2023, the current ratio slightly increased to 1.15 and 1.13, respectively, which may suggest improved liquidity and ability to cover short-term liabilities. However, in Q2 2023, there was a notable increase to 1.30, indicating a stronger ability to pay off current obligations.
The consistent current ratio of 1.30 in Q2 2023 and Q1 2023 reflects stability in the company's liquidity position during that period. In comparison, Q4 2022 and Q3 2022 saw a current ratio of 1.18 and 1.24 respectively, which, while lower than Q2 2023 and Q1 2023, still indicates a relatively healthy liquidity position.
Notably, there were some concerns in the liquidity position of the company in Q2 2022 and Q1 2022, where the current ratios dropped to as low as 0.95 and 0.99, respectively. This could indicate potential difficulties in meeting short-term obligations during that period.
Overall, the trend in Crown Holdings, Inc.'s current ratio demonstrates fluctuations, with some quarters showing stronger liquidity positions than others. It is essential for the company to maintain a healthy current ratio to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023