Silgan Holdings Inc (SLGN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,348,980 | 2,132,650 | 2,295,850 | 1,799,190 | 1,406,810 |
| Total current liabilities | US$ in thousands | 2,311,860 | 1,437,860 | 1,508,520 | 1,191,620 | 1,018,530 |
| Current ratio | 1.02 | 1.48 | 1.52 | 1.51 | 1.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,348,980K ÷ $2,311,860K
= 1.02
The current ratio of Silgan Holdings Inc. has shown some fluctuations over the past five years. In 2023, the current ratio decreased to 1.02 from 1.48 in 2022. This decline may indicate a potential weakness in the company's short-term liquidity position, as its current assets may not be sufficient to cover current liabilities as effectively as in the previous year. However, it is important to note that a current ratio of 1.02 still suggests that Silgan Holdings Inc. has just enough current assets to cover its current liabilities.
Compared to 2021 and 2020, when the current ratio was 1.52 and 1.51 respectively, the current ratio in 2023 is lower. This downward trend over the past three years may warrant further investigation into the company's management of its current assets and liabilities. It is crucial for investors and stakeholders to monitor this ratio closely in the future to ensure that Silgan Holdings Inc. maintains a healthy liquidity position to meet its short-term obligations.
Peer comparison
Dec 31, 2023