Graphic Packaging Holding Company (GPK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,845,000 | 2,858,000 | 2,901,000 | 2,812,000 | 2,706,000 | 2,642,000 | 2,684,000 | 2,657,000 | 2,502,000 | 1,969,000 | 1,877,000 | 1,911,000 | 2,020,000 | 2,018,400 | 2,050,000 | 1,938,300 | 1,805,600 | 1,771,000 | 1,860,800 | 1,836,900 |
| 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 |
| Current ratio | 1.10 | 1.17 | 1.36 | 1.62 | 1.40 | 1.30 | 1.34 | 1.37 | 1.22 | 1.31 | 1.29 | 1.45 | 1.09 | 1.17 | 1.27 | 1.86 | 1.51 | 1.62 | 1.70 | 1.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,845,000K ÷ $2,589,000K
= 1.10
The current ratio of Graphic Packaging Holding Co has fluctuated over the past eight quarters, ranging from 1.10 to 1.62.
In Q1 2023, the current ratio was at its highest point of 1.62, indicating that the company had $1.62 in current assets for every $1 in current liabilities, reflecting a strong liquidity position. This suggests that Graphic Packaging Holding Co may have had ample resources to cover its short-term obligations.
However, in subsequent quarters, the current ratio decreased. By Q4 2023, the current ratio dropped to 1.10, signaling a decline in liquidity compared to earlier periods. A current ratio of 1.10 implies that the company had $1.10 in current assets for every $1 in current liabilities, which may indicate a tighter liquidity position and potentially raising concerns about the company's ability to meet its short-term obligations.
Overall, the fluctuation in Graphic Packaging Holding Co's current ratio over the analyzed period indicates changes in its liquidity and ability to cover short-term debts. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial health and risk management practices.
Peer comparison
Dec 31, 2023