PPG Industries Inc (PPG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,270,000 | 1,514,000 | 1,099,000 | 1,005,000 | 1,826,000 |
| Short-term investments | US$ in thousands | 88,000 | 75,000 | 55,000 | 67,000 | 96,000 |
| Total current liabilities | US$ in thousands | 5,014,000 | 5,054,000 | 4,721,000 | 4,745,000 | 4,816,000 |
| Cash ratio | 0.27 | 0.31 | 0.24 | 0.23 | 0.40 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,270,000K
+ $88,000K)
÷ $5,014,000K
= 0.27
The cash ratio of PPG Industries Inc has been fluctuating over the past five years. Starting at 0.40 on December 31, 2020, it decreased to 0.23 by the end of 2021, indicating a decrease in the company's ability to cover its short-term liabilities with its available cash and cash equivalents. However, this ratio slightly improved to 0.24 by December 31, 2022, and further increased to 0.31 by December 31, 2023, showing a positive trend in the company's liquidity position. By the end of 2024, the cash ratio decreased to 0.27, suggesting a slight decline in the ability to cover short-term obligations with cash on hand. Overall, while the cash ratio fluctuated over the years, it remained relatively within an acceptable range, indicating that PPG Industries Inc has managed its liquidity position effectively.
Peer comparison
Dec 31, 2024