Sealed Air Corporation (SEE)
Cash 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 and cash equivalents | US$ in thousands | 346,100 | 281,300 | 285,100 | 303,100 | 456,100 | 248,800 | 281,200 | 278,200 | 561,000 | 393,700 | 273,100 | 370,000 | 548,700 | 316,800 | 289,700 | 274,600 | 262,400 | 200,000 | 222,200 | 236,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,509,000 | 1,719,900 | 1,850,000 | 1,732,800 | 2,081,800 | 1,877,000 | 1,505,400 | 1,482,900 | 2,007,300 | 1,925,400 | 1,405,900 | 1,326,400 | 1,367,400 | 1,313,200 | 1,354,700 | 1,367,800 | 1,436,200 | 1,502,300 | 1,587,400 | 1,481,100 |
| Cash ratio | 0.23 | 0.16 | 0.15 | 0.17 | 0.22 | 0.13 | 0.19 | 0.19 | 0.28 | 0.20 | 0.19 | 0.28 | 0.40 | 0.24 | 0.21 | 0.20 | 0.18 | 0.13 | 0.14 | 0.16 |
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 shown a positive trend over the past eight quarters, indicating an improving liquidity position. The ratio has steadily increased from 0.25 in Q4 2022 to 0.40 in Q4 2023. This suggests that the company has been able to enhance its ability to cover short-term liabilities with cash on hand.
The ratio peaked in Q4 2023 at 0.40, which implies that for every dollar of current liabilities, the company had $0.40 available in cash. This indicates a robust liquidity position and ability to meet its short-term obligations comfortably without relying significantly on other sources of funding.
Overall, the increasing trend in the cash ratio reflects a positive liquidity management strategy by Sealed Air Corp., allowing the company to navigate potential financial challenges effectively.
Peer comparison
Dec 31, 2023