PPG Industries Inc (PPG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,431,000 | 7,173,000 | 6,774,000 | 6,798,000 | 6,170,000 |
| Total current liabilities | US$ in thousands | 5,054,000 | 4,721,000 | 4,766,000 | 4,831,000 | 4,375,000 |
| Current ratio | 1.47 | 1.52 | 1.42 | 1.41 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,431,000K ÷ $5,054,000K
= 1.47
The current ratio of PPG Industries, Inc. has shown some fluctuations over the past five years, ranging from 1.42 in 2021 to 1.52 in 2022. The current ratio measures a company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting that it may be able to meet its short-term financial obligations.
PPG's current ratio has generally been above 1, indicating a positive liquidity position. However, the slight decrease from 2022 to 2023 from 1.52 to 1.47 could suggest a relatively tighter liquidity position compared to the preceding year. Nonetheless, a current ratio of 1.47 still indicates that PPG has sufficient current assets to cover its current liabilities.
Overall, PPG Industries, Inc. has maintained a healthy current ratio over the years, suggesting that the company is well-positioned to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023