Crown Holdings Inc (CCK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 918,000 | 1,738,000 | 1,414,000 | 1,123,000 | 1,310,000 | 807,000 | 547,000 | 403,000 | 550,000 | 368,000 | 438,000 | 389,000 | 531,000 | 2,261,000 | 566,000 | 588,000 | 1,173,000 | 613,000 | 366,000 | 765,000 |
| Short-term investments | US$ in thousands | — | 95,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,656,000 | 1,577,000 | 1,771,000 | 1,637,000 | 1,719,000 | 1,751,000 | 1,897,000 | 1,957,000 | 1,843,000 | 2,124,000 | 2,151,000 | 2,170,000 | 1,889,000 | 1,840,000 | 1,766,000 | 1,868,000 | 1,522,000 | 1,821,000 | 1,604,000 | 1,554,000 |
| 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 |
| Quick ratio | 0.74 | 0.81 | 0.68 | 0.71 | 0.72 | 0.65 | 0.69 | 0.66 | 0.61 | 0.62 | 0.48 | 0.50 | 0.59 | 0.74 | 0.52 | 0.65 | 0.63 | 0.67 | 0.57 | 0.72 |
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 has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio, a liquidity metric, indicates the company's ability to meet its short-term obligations with its most liquid assets. The quick ratio ranged from a low of 0.48 on June 30, 2022, to a high of 0.81 on September 30, 2024.
The ratio generally stayed below 1, indicating that the company may have had difficulty meeting its short-term obligations with its quick assets alone. The ratios closer to 1, such as those in the range of 0.65 to 0.74, suggest an improvement in the company's liquidity position. However, sustained levels below 1 could raise concerns about the company's ability to handle immediate financial commitments without relying on selling inventory or obtaining additional financing.
It is essential for Crown Holdings Inc to monitor its quick ratio closely to ensure it maintains a healthy liquidity level that allows it to cover its short-term liabilities effectively. Further analysis of the company's asset composition and management of working capital may provide more insight into the fluctuations observed in the quick ratio over the period analyzed.
Peer comparison
Dec 31, 2024