Sealed Air Corporation (SEE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 371,800 | 346,100 | 456,100 | 561,000 | 548,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,635,500 | 1,509,000 | 2,081,800 | 2,007,300 | 1,367,400 |
| Cash ratio | 0.23 | 0.23 | 0.22 | 0.28 | 0.40 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($371,800K
+ $—K)
÷ $1,635,500K
= 0.23
The cash ratio of Sealed Air Corporation has been on a downward trend over the years, decreasing from 0.40 on December 31, 2020, to 0.23 by December 31, 2024. This indicates that the company's ability to cover its current liabilities solely with its cash and cash equivalents has weakened over this period. The declining cash ratio may suggest potential liquidity challenges or inefficiencies in managing its short-term obligations. The company may need to closely monitor its cash position and explore strategies to improve liquidity to ensure its financial stability in the long run.
Peer comparison
Dec 31, 2024