Sealed Air Corporation (SEE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,963,300 | 2,122,800 | 2,213,900 | 2,067,100 | 2,116,800 | 2,031,200 | 2,011,100 | 1,947,000 | 2,069,600 | 1,970,900 | 1,806,700 | 1,759,500 | 1,881,500 | 1,667,400 | 1,632,100 | 1,560,200 | 1,564,000 | 1,591,400 | 1,576,600 | 1,555,200 |
| 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 |
| Current ratio | 1.30 | 1.23 | 1.20 | 1.19 | 1.02 | 1.08 | 1.34 | 1.31 | 1.03 | 1.02 | 1.29 | 1.33 | 1.38 | 1.27 | 1.20 | 1.14 | 1.09 | 1.06 | 0.99 | 1.05 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,963,300K ÷ $1,509,000K
= 1.30
The current ratio of Sealed Air Corp., which measures the company's ability to cover its short-term obligations with its current assets, has displayed fluctuations over the past eight quarters. In Q4 2023, the current ratio was 1.30, indicating that the company had $1.30 in current assets for every $1 in current liabilities. This represents a slight improvement from the previous quarter.
Looking further back, there was a noticeable increase in the current ratio in Q2 2022, where it reached 1.34, suggesting a stronger liquidity position at that time. Conversely, in Q4 2022, the current ratio dropped to 1.02, indicating a potential liquidity challenge.
Overall, the current ratio of Sealed Air Corp. has shown some volatility in recent quarters, with fluctuations above and below the ideal ratio of 1. A sustained current ratio above 1 indicates that the company has sufficient current assets to meet its short-term obligations, while a ratio below 1 may signal potential liquidity issues. Further analysis of the company's current assets and liabilities trends would provide additional insights into its liquidity management.
Peer comparison
Dec 31, 2023