Graphic Packaging Holding Company (GPK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,784,000 | 2,845,000 | 2,706,000 | 2,502,000 | 2,020,000 |
| Total current liabilities | US$ in thousands | 1,903,000 | 2,589,000 | 1,933,000 | 2,049,000 | 1,856,000 |
| Current ratio | 1.46 | 1.10 | 1.40 | 1.22 | 1.09 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,784,000K ÷ $1,903,000K
= 1.46
The current ratio of Graphic Packaging Holding Company has been fluctuating over the past five years. In December 31, 2020, the current ratio was 1.09, indicating that the company had just enough current assets to cover its current liabilities. By December 31, 2021, the current ratio improved to 1.22, suggesting a slight strengthening of the company's liquidity position.
Further improvement was observed in December 31, 2022, with the current ratio increasing to 1.40, indicating that the company had a healthier liquidity position with a larger buffer to cover its short-term obligations. However, in December 31, 2023, there was a slight decline in the current ratio to 1.10, which may signal a temporary strain on liquidity.
The most recent data as of December 31, 2024, showed a notable increase in the current ratio to 1.46, indicating an improvement in Graphic Packaging Holding Company's liquidity position and its ability to cover short-term liabilities with current assets. Overall, while the company has experienced some fluctuations in its current ratio, the general trend shows a strengthening liquidity position over the five-year period.
Peer comparison
Dec 31, 2024