PPG Industries Inc (PPG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,270,000 | 1,251,000 | 1,131,000 | 1,181,000 | 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 |
| Short-term investments | US$ in thousands | 88,000 | 71,000 | 61,000 | 54,000 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.27 | 0.26 | 0.23 | 0.25 | 0.31 | 0.25 | 0.24 | 0.30 | 0.24 | 0.22 | 0.19 | 0.20 | 0.23 | 0.24 | 0.24 | 0.38 | 0.40 | 0.45 | 0.44 | 0.37 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,270,000K
+ $88,000K
+ $—K)
÷ $5,014,000K
= 0.27
PPG Industries Inc's quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown fluctuating trends over the reported periods.
The quick ratio started at 0.37 on March 31, 2020, indicating that the company had $0.37 of liquid assets available to cover each $1 of current liabilities. It then improved to 0.45 by September 30, 2020, before experiencing some fluctuations over the following periods.
The ratio decreased to a low of 0.19 on June 30, 2022, suggesting a significant decline in the company's short-term liquidity. Subsequently, there were fluctuations in the quick ratio between 0.20 and 0.31 until December 31, 2024.
Overall, PPG Industries Inc's quick ratio showed some volatility over the reported periods, indicating fluctuations in the company's ability to cover its short-term obligations with its quick assets. Management may need to monitor and manage liquidity carefully to ensure the company can meet its short-term liabilities efficiently.
Peer comparison
Dec 31, 2024