Sealed Air Corporation (SEE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 371,800 | 346,100 | 456,100 | 561,000 | 548,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,635,500 | 1,509,000 | 2,081,800 | 2,007,300 | 1,367,400 |
| Quick ratio | 0.23 | 0.23 | 0.22 | 0.28 | 0.40 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($371,800K
+ $—K
+ $—K)
÷ $1,635,500K
= 0.23
The quick ratio of Sealed Air Corporation has exhibited a declining trend over the years, starting at 0.40 as of December 31, 2020, and decreasing to 0.28 by December 31, 2021. Subsequently, the ratio continued to decrease to 0.22 as of December 31, 2022, and remained relatively stable at around 0.23 for the following years up to December 31, 2024.
A quick ratio below 1 generally indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. Sealed Air Corporation's decreasing quick ratio over the years suggests potential liquidity challenges in the short term. Further analysis of the components contributing to the quick ratio, such as current assets and current liabilities, would provide insights into the company's liquidity position and its ability to cover immediate financial obligations.
Peer comparison
Dec 31, 2024