Graphic Packaging Holding Company (GPK)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 759,000 | 971,000 | 878,000 | 835,000 | 881,000 | 933,000 | 915,000 | 879,000 | 888,000 | 950,000 | 945,000 | 859,000 | 643,000 | 593,000 | 586,000 | 654,000 | 743,400 | 692,400 | 624,800 | 504,500 |
| 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 |
| Quick ratio | 0.48 | 0.63 | 0.43 | 0.39 | 0.42 | 0.50 | 0.59 | 0.53 | 0.48 | 0.53 | 0.54 | 0.50 | 0.47 | 0.47 | 0.53 | 0.45 | 0.46 | 0.48 | 0.70 | 0.55 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($157,000K
+ $—K
+ $759,000K)
÷ $1,903,000K
= 0.48
The quick ratio of Graphic Packaging Holding Company has shown fluctuations over the reporting period, ranging from 0.39 to 0.70. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its current liabilities using its liquid assets alone.
From December 31, 2019, to December 31, 2024, the quick ratio trended downwards overall, showing a decreasing liquidity position. However, there were some periods of improvement, such as in March 2023 and September 2024, where the quick ratio increased. These improvements suggest enhanced liquidity and ability to cover short-term obligations.
The lowest quick ratio recorded was 0.39 on December 31, 2023, indicating a potential liquidity challenge for the company at that time. Conversely, the highest quick ratio of 0.70 was observed on March 31, 2020, signaling a relatively better ability to meet short-term obligations with available liquid assets.
Overall, the trend in the quick ratio suggests fluctuations in Graphic Packaging Holding Company's liquidity position over the considered period, with the company exhibiting varying levels of ability to cover its short-term liabilities with liquid assets. It is essential for stakeholders to monitor the company's liquidity closely to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024