Graphic Packaging Holding Company (GPK)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 48,700 | 64,700 | 62,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,091,800 | 1,094,000 | 1,022,200 |
| Cash ratio | 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 | 0.04 | 0.06 | 0.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($162,000K
+ $—K)
÷ $2,589,000K
= 0.06
Based on the data provided, Graphic Packaging Holding Co's cash ratio has been relatively stable over the past eight quarters. The cash ratio measures the company's ability to cover its short-term obligations with its available cash and cash equivalents.
The company's cash ratio has ranged between 0.09 and 0.11, indicating that Graphic Packaging Holding Co has maintained a consistent level of liquidity throughout the analyzed period. A cash ratio of 0.10, which is the most common ratio observed in the data, suggests that for every $1 of current liabilities, the company has $0.10 of cash on hand to cover those liabilities.
Overall, the stability of the cash ratio suggests that Graphic Packaging Holding Co has been managing its liquidity effectively and maintaining a sufficient level of cash reserves to meet its short-term financial obligations. However, it is important for the company to continue monitoring its cash position to ensure it remains adequate to support its operational and financial needs in the future.
Peer comparison
Dec 31, 2023