Sealed Air Corporation (SEE)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 371,800 | 386,000 | 388,600 | 352,800 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,635,500 | 1,592,900 | 1,574,100 | 1,502,800 | 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 |
| Quick ratio | 0.23 | 0.24 | 0.25 | 0.23 | 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 |
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 shown fluctuations over the past several quarters, ranging from a low of 0.13 to a high of 0.40. Generally, a quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. The quick ratio improved from 0.13 in September 2022 to 0.25 in June 2024, suggesting a better ability to cover its current liabilities with its quick assets over this period. However, the ratio decreased slightly to 0.23 by the end of December 2024. It is important to continue monitoring Sealed Air Corporation's liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024