Silgan Holdings Inc (SLGN)
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 | 822,900 | 368,507 | 302,795 | 308,641 | 642,923 | 307,100 | 236,600 | 501,100 | 585,600 | 243,600 | 247,800 | 259,600 | 631,400 | 270,600 | 164,800 | 190,100 | 409,500 | 193,800 | 191,100 | 614,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.54 | 0.16 | 0.13 | 0.13 | 0.28 | 0.30 | 0.22 | 0.47 | 0.43 | 0.22 | 0.20 | 0.22 | 0.42 | 0.24 | 0.15 | 0.20 | 0.35 | 0.20 | 0.20 | 0.78 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($822,900K
+ $—K
+ $—K)
÷ $1,531,000K
= 0.54
The quick ratio of Silgan Holdings Inc fluctuated over the period from March 31, 2020, to December 31, 2024, ranging from 0.13 to 0.54. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Silgan Holdings Inc's quick ratio has shown volatility, indicating potential fluctuations in its liquidity position. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities using its quick assets. It is essential to monitor changes in the quick ratio over time to assess the company's liquidity risk.
The improvement in the quick ratio from its lowest point of 0.13 in March 31, 2024, to 0.54 in December 31, 2024, is notable and suggests an enhanced ability to cover short-term liabilities with liquid assets. However, it is important to continue monitoring the trend to ensure that the company maintains a healthy liquidity position for sustained financial stability.
Peer comparison
Dec 31, 2024