Crown Holdings Inc (CCK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,211,000 | 5,110,000 | 4,932,000 | 4,581,000 | 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 |
| 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 |
| Current ratio | 1.22 | 1.21 | 1.05 | 1.19 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,211,000K ÷ $3,465,000K
= 1.22
Crown Holdings Inc's current ratio has shown fluctuation over the provided periods, ranging from a low of 0.95 on June 30, 2022, to a high of 1.57 on June 30, 2021. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.
A current ratio below 1.0 may raise concerns about the company's liquidity and its ability to meet its short-term obligations. Crown Holdings Inc's current ratio dipped below 1.0 on June 30, 2022, but stayed relatively close to this threshold in subsequent periods. This could indicate potential liquidity challenges during that specific period.
On the other hand, a current ratio above 1.0 suggests that the company has more current assets than current liabilities, which can reflect positively on its liquidity position. Crown Holdings Inc maintained a current ratio above 1.0 in most periods, with the exception of June 30, 2022.
Overall, despite fluctuations, the current ratio for Crown Holdings Inc remained largely above 1.0 across the periods, indicating generally healthy liquidity and the ability to meet short-term obligations with current assets. Investors and stakeholders may find this information reassuring in assessing the company's financial health and ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2024