Silgan Holdings Inc (SLGN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,522,680 | 2,519,490 | 2,538,630 | 2,376,370 | 2,348,980 | 2,661,800 | 2,698,500 | 2,625,000 | 2,132,700 | 2,332,300 | 2,553,100 | 2,281,800 | 2,295,800 | 2,181,400 | 2,053,200 | 1,819,200 | 1,799,100 | 1,822,100 | 1,827,700 | 1,982,300 |
| Total current liabilities | US$ in thousands | 1,531,000 | 2,305,760 | 2,396,000 | 2,289,480 | 2,311,860 | 1,017,700 | 1,068,200 | 1,059,300 | 1,357,800 | 1,090,100 | 1,241,300 | 1,177,800 | 1,488,200 | 1,106,800 | 1,074,200 | 960,000 | 1,163,500 | 957,800 | 971,700 | 789,200 |
| Current ratio | 1.65 | 1.09 | 1.06 | 1.04 | 1.02 | 2.62 | 2.53 | 2.48 | 1.57 | 2.14 | 2.06 | 1.94 | 1.54 | 1.97 | 1.91 | 1.90 | 1.55 | 1.90 | 1.88 | 2.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,522,680K ÷ $1,531,000K
= 1.65
Silgan Holdings Inc's current ratio has shown fluctuations over the past few years. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From March 31, 2020, to June 30, 2022, the current ratio generally improved, indicating a strengthening liquidity position. During this period, the company's current ratio ranged from 1.88 to 2.14, showing that Silgan Holdings had more than enough current assets to cover its short-term obligations.
However, in the latter part of 2022 and going into 2023, there was a decline in the current ratio, dropping to as low as 1.02 by December 31, 2023. This may signal potential liquidity challenges or an increase in short-term liabilities relative to current assets.
The current ratio rebounded in the first half of 2024, reaching 1.09 by September 30, 2024, but it still remained below the levels seen during the earlier period of improvement.
Overall, while the current ratio has shown some fluctuations, Silgan Holdings Inc generally maintained a current ratio above 1, indicating that the company had sufficient current assets to meet its short-term obligations. However, it's important to monitor the trend in the current ratio closely to assess the company's liquidity position going forward.
Peer comparison
Dec 31, 2024