Graphic Packaging Holding Company (GPK)
Cash ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 157,000 | 126,000 | 136,000 | 162,000 | 146,000 | 125,000 | 113,000 | 150,000 | 82,000 | 108,000 | 111,000 | 172,000 | 67,000 | 89,000 | 116,000 | 179,000 | 55,500 | 83,600 | 110,200 | 152,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,903,000 | 1,729,000 | 2,366,000 | 2,589,000 | 2,438,000 | 2,137,000 | 1,735,000 | 1,933,000 | 2,032,000 | 2,008,000 | 1,946,000 | 2,049,000 | 1,499,000 | 1,457,000 | 1,318,000 | 1,856,000 | 1,719,700 | 1,612,800 | 1,044,000 | 1,198,700 |
| Cash ratio | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.04 | 0.05 | 0.06 | 0.08 | 0.04 | 0.06 | 0.09 | 0.10 | 0.03 | 0.05 | 0.11 | 0.13 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($157,000K
+ $—K)
÷ $1,903,000K
= 0.08
The cash ratio of Graphic Packaging Holding Company has shown some fluctuations over the periods presented. The cash ratio represents the ability of a company to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a better ability to meet short-term obligations.
From December 31, 2019, to June 30, 2020, there was a significant decrease in the cash ratio from 0.13 to 0.05, indicating a reduction in the company's ability to cover its short-term liabilities with cash. This may raise concerns about liquidity risk during that period.
However, from June 30, 2020, to March 31, 2021, there was a slight improvement in the cash ratio from 0.05 to 0.09, suggesting an enhancement in the company's ability to meet short-term obligations.
Subsequently, there were fluctuations in the cash ratio, with values ranging from 0.06 to 0.08 between March 31, 2021, and December 31, 2024. These fluctuations indicate some variability in the company's liquidity position over these periods.
Overall, the cash ratio of Graphic Packaging Holding Company fluctuated over the periods presented, with some improvements and declines observed. Investors and analysts may monitor these fluctuations to assess the company's ability to meet its short-term obligations using its cash and cash equivalents.
Peer comparison
Dec 31, 2024