O-I Glass Inc (OI)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,488,000 | 2,534,000 | 2,943,000 | 2,579,000 |
| Total current liabilities | US$ in thousands | 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 | 1,995,000 | 2,195,000 | 1,929,000 | 1,860,000 |
| Current ratio | 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 | 1.25 | 1.15 | 1.53 | 1.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,884,000K ÷ $2,346,000K
= 1.23
The current ratio of O-I Glass Inc has exhibited fluctuations over the past few years. As of December 31, 2023, the current ratio stands at 1.23, which indicates that the company had $1.23 in current assets for every $1 in current liabilities.
Looking at the trend, the current ratio has generally been above 1, which suggests that O-I Glass Inc has typically maintained a healthy level of current assets relative to its current liabilities. The ratio peaked at 1.62 on March 31, 2020, indicating a stronger liquidity position at that time.
However, there have been periods where the current ratio dipped below 1.2, such as on December 31, 2022, which may signal potential liquidity challenges or a need to closely manage short-term obligations.
Overall, the current ratio of O-I Glass Inc fluctuates but has generally remained above 1, implying that the company has had sufficient current assets to cover its short-term liabilities. Still, variations in the ratio highlight the importance of continuous monitoring of liquidity levels to ensure the company's financial health and ability to meet its short-term obligations.