O-I Glass Inc (OI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,478,000 | 2,822,000 | 2,819,000 | 2,660,000 | 2,884,000 | 2,899,000 | 3,035,000 | 2,752,000 | 2,603,000 | 2,430,000 | 2,617,000 | 2,490,000 | 2,519,000 | 2,442,000 | 2,399,000 | 2,486,000 | 2,297,000 | 2,384,000 | 3,012,000 | 2,962,000 |
| 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 |
| Current ratio | 1.15 | 1.23 | 1.26 | 1.02 | 1.23 | 1.40 | 1.42 | 1.22 | 1.10 | 1.16 | 1.47 | 1.42 | 1.36 | 1.41 | 1.42 | 1.46 | 1.21 | 1.40 | 1.60 | 1.62 |
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, which measures the company's ability to cover its short-term obligations with its current assets, has shown some fluctuations over the past few years.
From March 31, 2020, to December 31, 2021, the current ratio ranged from 1.21 to 1.62, indicating a relatively stable financial position with adequate short-term liquidity. However, there was a decline in the current ratio to 1.10 by December 31, 2022, and further to 1.02 by March 31, 2024, potentially signaling a strain on the company's ability to meet its short-term obligations.
The current ratio then improved to 1.26 by June 30, 2024, suggesting a slight recovery in short-term liquidity. However, it decreased to 1.15 by December 31, 2024, indicating a potential need for the company to manage its current assets more efficiently to meet its short-term obligations effectively.
Overall, while O-I Glass Inc has maintained a current ratio above 1 throughout the period, indicating that it has more current assets than current liabilities, the recent fluctuations in the ratio highlight the importance of closely monitoring the company's liquidity position and managing its working capital effectively.