Sealed Air Corporation (SEE)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,963,300 | 2,116,800 | 2,069,600 | 1,881,500 | 1,564,000 |
| Total current liabilities | US$ in thousands | 1,509,000 | 2,081,800 | 2,007,300 | 1,367,400 | 1,436,200 |
| Current ratio | 1.30 | 1.02 | 1.03 | 1.38 | 1.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,963,300K ÷ $1,509,000K
= 1.30
The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position.
Sealed Air Corp.'s current ratio has fluctuated over the past five years, ranging from 1.02 to 1.38. In 2023, the current ratio stands at 1.30, showing an improvement from the previous year's 1.02. This suggests that the company's ability to meet its short-term obligations with its current assets has strengthened compared to the previous year.
However, when compared to the ratios from 2020 and 2019, where the current ratio was 1.38 and 1.09 respectively, the current ratio of 1.30 in 2023 falls in between these values. This indicates that there may have been fluctuations in the composition of current assets and liabilities over the years.
Overall, while Sealed Air Corp. improved its current ratio in 2023, it would be beneficial to continue monitoring this ratio to ensure the company's liquidity position remains robust in the future.
Peer comparison
Dec 31, 2023