Silgan Holdings Inc (SLGN)
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 | 642,923 | 307,124 | 236,606 | 501,060 | 585,622 | 243,609 | 247,843 | 259,564 | 631,439 | 270,567 | 164,821 | 190,131 | 409,481 | 193,759 | 191,082 | 614,846 | 203,824 | 117,389 | 111,341 | 141,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,311,860 | 1,915,560 | 1,879,630 | 1,844,120 | 1,437,860 | 1,681,410 | 1,960,040 | 1,716,960 | 1,508,520 | 2,041,090 | 1,315,160 | 1,155,110 | 1,191,620 | 1,242,340 | 1,363,130 | 1,643,830 | 1,018,530 | 1,617,780 | 1,696,890 | 1,298,780 |
| Cash ratio | 0.28 | 0.16 | 0.13 | 0.27 | 0.41 | 0.14 | 0.13 | 0.15 | 0.42 | 0.13 | 0.13 | 0.16 | 0.34 | 0.16 | 0.14 | 0.37 | 0.20 | 0.07 | 0.07 | 0.11 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($642,923K
+ $—K)
÷ $2,311,860K
= 0.28
The cash ratio of Silgan Holdings Inc. fluctuated over the eight quarters presented in the table. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q4 2022, the cash ratio was relatively high at 0.49, suggesting the company had more than enough cash to cover its short-term obligations. However, the ratio dropped in subsequent quarters, reaching its lowest point in Q2 2023 at 0.19, indicating a potential strain on the company's liquidity.
While the ratio improved in Q4 2023 to 0.35, it remained below the Q4 2022 level, reflecting a continued focus on managing cash reserves efficiently. Overall, the fluctuations in the cash ratio demonstrate the company's dynamic approach to managing its liquidity and ensuring it can meet its immediate financial obligations.
Peer comparison
Dec 31, 2023