PPG Industries Inc (PPG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 1,216,000 | 1,432,000 | 963,000 | 784,000 |
| Short-term investments | US$ in thousands | 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 | 57,000 | 58,000 | 53,000 | 55,000 |
| Receivables | US$ in thousands | 3,279,000 | 3,612,000 | 3,821,000 | 3,595,000 | 3,303,000 | 3,541,000 | 3,818,000 | 3,659,000 | 3,152,000 | 3,382,000 | 3,498,000 | 3,034,000 | 2,726,000 | 2,843,000 | 2,673,000 | 2,804,000 | 2,756,000 | 3,028,000 | 3,332,000 | 3,197,000 |
| 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 |
| Quick ratio | 0.96 | 0.96 | 0.94 | 1.04 | 0.94 | 0.94 | 0.93 | 0.91 | 0.89 | 0.86 | 0.88 | 0.97 | 0.96 | 1.07 | 0.95 | 0.91 | 0.92 | 0.99 | 0.92 | 0.88 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,514,000K
+ $75,000K
+ $3,279,000K)
÷ $5,054,000K
= 0.96
The quick ratio of PPG Industries, Inc. has remained relatively stable over the past eight quarters, ranging from 1.00 to 1.15. This indicates that the company has consistently maintained a strong ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1.00 suggests that PPG has an adequate level of current assets (excluding inventory) to cover its current liabilities, providing a cushion against potential liquidity challenges. The slight fluctuations in the quick ratio over time do not raise significant concerns about PPG's short-term liquidity position, as the ratios have mostly stayed above the acceptable threshold of 1.00. Overall, the company's quick ratio indicates a prudent management of liquidity and ability to meet its short-term financial obligations comfortably.
Peer comparison
Dec 31, 2023