Crown Holdings Inc (CCK)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 918,000 | 1,310,000 | 550,000 | 531,000 | 1,173,000 |
| Short-term investments | US$ in thousands | — | -113,000 | — | — | — |
| Receivables | US$ in thousands | 1,656,000 | 1,719,000 | 1,843,000 | 1,889,000 | 1,522,000 |
| Total current liabilities | US$ in thousands | 3,465,000 | 4,201,000 | 3,932,000 | 4,133,000 | 4,282,000 |
| Quick ratio | 0.74 | 0.69 | 0.61 | 0.59 | 0.63 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($918,000K
+ $—K
+ $1,656,000K)
÷ $3,465,000K
= 0.74
The quick ratio of Crown Holdings Inc over the past five years shows a fluctuating trend. Starting at 0.63 in December 2020, the quick ratio decreased to 0.59 by December 2021. However, there was a slight recovery in December 2022 with a quick ratio of 0.61. Subsequently, the quick ratio improved further to 0.69 by December 2023 and to 0.74 by December 2024. Overall, the quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets, with an improving trend in recent years.
Peer comparison
Dec 31, 2024