O-I Glass Inc (OI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,478,000 | 2,884,000 | 2,603,000 | 2,519,000 | 2,297,000 |
| Total current liabilities | US$ in thousands | 2,160,000 | 2,346,000 | 2,357,000 | 1,846,000 | 1,898,000 |
| Current ratio | 1.15 | 1.23 | 1.10 | 1.36 | 1.21 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,478,000K ÷ $2,160,000K
= 1.15
O-I Glass Inc's current ratio has fluctuated over the past five years, ranging from a low of 1.10 in December 31, 2022, to a high of 1.36 in December 31, 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
In general, a current ratio of 1.5 or higher is considered healthy, as it suggests the company can comfortably cover its short-term obligations. O-I Glass Inc's current ratio has mostly hovered above 1 over the years, reflecting a relatively stable liquidity position. However, the slight fluctuations in the ratio indicate some variability in the company's ability to meet its short-term obligations without any major concerns. It is essential for the company to monitor and manage its current assets and liabilities effectively to maintain a healthy current ratio over time.