Sealed Air Corporation (SEE)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 346,100 | 456,100 | 561,000 | 548,700 | 262,400 |
| Short-term investments | US$ in thousands | — | — | — | — | 13,200 |
| Total current liabilities | US$ in thousands | 1,509,000 | 2,081,800 | 2,007,300 | 1,367,400 | 1,436,200 |
| Cash ratio | 0.23 | 0.22 | 0.28 | 0.40 | 0.19 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($346,100K
+ $—K)
÷ $1,509,000K
= 0.23
The cash ratio of Sealed Air Corp. has fluctuated over the past five years. As of December 31, 2023, the cash ratio stands at 0.40, indicating that the company has $0.40 of cash and cash equivalents for every $1 of current liabilities. This is a significant improvement from the previous year's ratio of 0.25.
In 2022 and 2021, the cash ratio was 0.25 and 0.30, respectively, showing a slight fluctuation in the company's ability to meet its short-term obligations with cash on hand. The highest cash ratio in the dataset was recorded in 2020 at 0.44, indicating a strong liquidity position at that time.
On the other hand, the lowest cash ratio was observed in 2019 at 0.22, highlighting potential liquidity challenges for Sealed Air Corp. in that period. Overall, the trend in the cash ratio suggests varying levels of liquidity management by the company over the past five years, with the latest ratio reflecting a notable improvement in its ability to cover short-term obligations with cash reserves.
Peer comparison
Dec 31, 2023