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