O-I Glass Inc (OI)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 734,000 | 755,000 | 671,000 | 395,000 | 913,000 | 792,000 | 754,000 | 480,000 | 773,000 | 523,000 | 661,000 | 519,000 | 725,000 | 628,000 | 531,000 | 742,000 | 563,000 | 606,000 | 1,067,000 | 891,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 673,000 | — | — | — |
| Total current liabilities | US$ in thousands | 2,160,000 | 2,292,000 | 2,234,000 | 2,602,000 | 2,346,000 | 2,070,000 | 2,131,000 | 2,255,000 | 2,357,000 | 2,096,000 | 1,785,000 | 1,750,000 | 1,846,000 | 1,738,000 | 1,687,000 | 1,702,000 | 1,898,000 | 1,697,000 | 1,886,000 | 1,824,000 |
| Cash ratio | 0.34 | 0.33 | 0.30 | 0.15 | 0.39 | 0.38 | 0.35 | 0.21 | 0.33 | 0.25 | 0.37 | 0.30 | 0.39 | 0.36 | 0.31 | 0.44 | 0.65 | 0.36 | 0.57 | 0.49 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($734,000K
+ $—K)
÷ $2,160,000K
= 0.34
The cash ratio of O-I Glass Inc has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
The ratio started at 0.49 on March 31, 2020, indicating that the company had $0.49 in cash and cash equivalents for every dollar of current liabilities. The ratio increased to its highest level of 0.65 on December 31, 2020, suggesting an improvement in the company's ability to cover its short-term obligations with available cash.
However, the cash ratio declined to 0.30 on June 30, 2022, indicating a decrease in liquidity compared to the prior periods. The ratio further dropped to its lowest point of 0.15 on March 31, 2024, raising concerns about the company's ability to meet its short-term obligations using its cash resources.
By the end of the period on December 31, 2024, the cash ratio had slightly recovered to 0.34, indicating a partial improvement in liquidity. Overall, the fluctuating cash ratio of O-I Glass Inc suggests varying levels of liquidity management and highlights the importance of closely monitoring the company's cash position relative to its current liabilities.