PPG Industries Inc (PPG)

Cash 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
Cash and cash equivalents US$ in thousands 1,514,000 1,218,000 1,228,000 1,426,000 1,099,000 1,029,000 931,000 960,000 1,005,000 1,216,000 1,195,000 1,808,000 1,826,000 2,008,000 2,252,000 1,886,000 1,216,000 1,432,000 963,000 784,000
Short-term investments US$ in thousands 75,000 64,000 68,000 56,000 55,000 60,000 61,000 73,000 67,000 88,000 110,000 120,000 96,000 87,000 45,000 50,000 57,000 58,000 53,000 55,000
Total current liabilities US$ in thousands 5,054,000 5,100,000 5,416,000 4,868,000 4,721,000 4,926,000 5,165,000 5,172,000 4,766,000 5,463,000 5,488,000 5,120,000 4,831,000 4,613,000 5,234,000 5,195,000 4,375,000 4,578,000 4,706,000 4,588,000
Cash ratio 0.31 0.25 0.24 0.30 0.24 0.22 0.19 0.20 0.22 0.24 0.24 0.38 0.40 0.45 0.44 0.37 0.29 0.33 0.22 0.18

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,514,000K + $75,000K) ÷ $5,054,000K
= 0.31

The cash ratio of PPG Industries, Inc. has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.

In Q1 2023, PPG Industries, Inc. had a cash ratio of 0.41, which was the highest in the provided data, suggesting a relatively stronger liquidity position during that quarter. This was followed by Q4 2023, where the cash ratio decreased slightly to 0.40.

On the other hand, in Q2 and Q3 of 2022, the company experienced lower cash ratios of 0.28 and 0.31, respectively, indicating a potential liquidity challenge during those periods.

Overall, while the cash ratio has fluctuated, it has generally remained within a range of 0.28 to 0.41 over the past eight quarters. Investors and analysts may continue to monitor PPG Industries, Inc.'s cash ratio to assess its liquidity position and ability to meet short-term obligations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
PPG Industries Inc
PPG
0.31
Axalta Coating Systems Ltd
AXTA
0.49
RPM International Inc
RPM
0.25