PPG Industries Inc (PPG)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,557,000 | 7,913,000 | 7,784,000 | 7,671,000 | 7,431,000 | 7,552,000 | 8,068,000 | 8,193,000 | 7,173,000 | 7,490,000 | 7,756,000 | 7,627,000 | 6,740,000 | 7,300,000 | 7,446,000 | 7,339,000 | 6,798,000 | 7,002,000 | 7,077,000 | 7,066,000 |
| Total current liabilities | US$ in thousands | 5,014,000 | 4,996,000 | 5,225,000 | 4,943,000 | 5,054,000 | 5,100,000 | 5,416,000 | 4,868,000 | 4,721,000 | 4,926,000 | 5,165,000 | 5,172,000 | 4,745,000 | 5,463,000 | 5,488,000 | 5,120,000 | 4,816,000 | 4,613,000 | 5,234,000 | 5,195,000 |
| Current ratio | 1.31 | 1.58 | 1.49 | 1.55 | 1.47 | 1.48 | 1.49 | 1.68 | 1.52 | 1.52 | 1.50 | 1.47 | 1.42 | 1.34 | 1.36 | 1.43 | 1.41 | 1.52 | 1.35 | 1.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,557,000K ÷ $5,014,000K
= 1.31
PPG Industries Inc's current ratio has shown fluctuations over the past few years. From December 31, 2022 to March 31, 2023, there was a significant increase in the current ratio from 1.52 to 1.68, indicating a stronger short-term liquidity position. However, this increase was followed by a slight decrease in the current ratio to 1.49 by June 30, 2023. The ratio remained relatively stable around 1.50 for the next few quarters but experienced a dip to 1.31 by December 31, 2024.
Overall, PPG Industries Inc's current ratio has generally been above 1, which suggests that the company has had sufficient current assets to cover its current liabilities. However, the fluctuations in the current ratio should be further analyzed to understand the underlying reasons and potential implications for the company's liquidity and financial health.
Peer comparison
Dec 31, 2024