Graphic Packaging Holding Company (GPK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,784,000 | 2,990,000 | 2,923,000 | 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 |
| 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 |
| Current ratio | 1.46 | 1.73 | 1.24 | 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 |
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 shown fluctuations over the reported periods. Starting from December 31, 2019, where the current ratio was 1.51, it increased to 1.86 by March 31, 2020. Subsequently, there was a decline in the ratio to 1.09 by December 31, 2020, indicating a potential liquidity concern during that period.
However, there was an improvement in liquidity as the current ratio increased to 1.62 by March 31, 2023, and reached its peak of 1.73 by September 30, 2024. This increase suggests that Graphic Packaging Holding Company had more current assets relative to its current liabilities during these periods, which indicates improved short-term financial stability.
Overall, although there were fluctuations in the current ratio over the reported periods, Graphic Packaging Holding Company generally maintained a current ratio above 1, which is a positive sign as it suggests the company had sufficient current assets to cover its current liabilities.
Peer comparison
Dec 31, 2024