PPG Industries Inc (PPG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,431,000 | 7,552,000 | 8,068,000 | 8,193,000 | 7,173,000 | 7,490,000 | 7,756,000 | 7,627,000 | 6,774,000 | 7,300,000 | 7,446,000 | 7,339,000 | 6,798,000 | 7,002,000 | 7,077,000 | 7,066,000 | 6,170,000 | 6,817,000 | 6,707,000 | 6,409,000 |
| 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 |
| Current ratio | 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 | 1.41 | 1.49 | 1.43 | 1.40 |
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 exhibited fluctuations over the past eight quarters. The ratio has ranged from a low of 1.47 in Q1 of 2022 to a high of 1.68 in Q1 of 2023. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position.
The current ratio has been relatively stable around the 1.50 mark for most quarters, indicating a consistent ability to meet its short-term obligations. However, the slight increase in the current ratio to 1.68 in Q1 of 2023 suggests that the company had a higher proportion of current assets relative to current liabilities in that period.
Overall, the trending current ratio suggests that PPG Industries, Inc. has maintained a sound liquidity position over the analyzed period, balancing its short-term assets and liabilities effectively. Further analysis of the components of current assets and liabilities would provide more insights into the company's liquidity management.
Peer comparison
Dec 31, 2023