PPG Industries Inc (PPG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,557,000 | 7,431,000 | 7,173,000 | 6,740,000 | 6,798,000 |
| Total current liabilities | US$ in thousands | 5,014,000 | 5,054,000 | 4,721,000 | 4,745,000 | 4,816,000 |
| Current ratio | 1.31 | 1.47 | 1.52 | 1.42 | 1.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,557,000K ÷ $5,014,000K
= 1.31
The current ratio of PPG Industries Inc has been relatively stable over the past five years, with an average of approximately 1.43. The company's current assets have consistently been higher than its current liabilities, indicating a healthy ability to cover its short-term obligations.
In 2022, the current ratio increased to 1.52, reflecting a stronger liquidity position compared to the previous year. However, in 2024, the ratio decreased to 1.31, which may raise some concerns about the company's short-term liquidity.
Overall, PPG Industries Inc maintains a satisfactory current ratio, which provides a degree of confidence in its ability to meet its current liabilities using its current assets. Further monitoring of this ratio will be important to ensure continual financial stability and effective management of short-term obligations.
Peer comparison
Dec 31, 2024