Silgan Holdings Inc (SLGN)
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 | 2,348,980 | 2,661,820 | 2,698,460 | 2,625,010 | 2,132,650 | 2,332,230 | 2,553,150 | 2,281,770 | 2,295,850 | 2,181,370 | 2,053,260 | 1,819,240 | 1,799,190 | 1,822,090 | 1,827,720 | 1,982,340 | 1,406,810 | 1,633,310 | 1,659,850 | 1,494,840 |
| 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 |
| Current ratio | 1.02 | 1.39 | 1.44 | 1.42 | 1.48 | 1.39 | 1.30 | 1.33 | 1.52 | 1.07 | 1.56 | 1.57 | 1.51 | 1.47 | 1.34 | 1.21 | 1.38 | 1.01 | 0.98 | 1.15 |
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 fluctuated over the past eight quarters, ranging from a low of 1.02 in Q4 2023 to a high of 1.48 in Q4 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting liquidity and ability to meet short-term obligations.
The downward trend in the current ratio from Q4 2022 to Q4 2023 may raise some concerns about the company's liquidity position. A current ratio below 1 could indicate potential difficulties in meeting short-term obligations. However, it is important to note that the current ratio has been above 1 in all the quarters, indicating that Silgan Holdings Inc. has been able to meet its short-term obligations overall.
Further analysis and comparison with industry benchmarks or historical trends could provide a more comprehensive understanding of the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023