Silgan Holdings Inc (SLGN)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 599,524 | 1,295,880 | 1,067,550 | 936,048 | 657,968 | 1,124,050 | 931,282 | 852,876 | 711,332 | 1,033,680 | 891,812 | 738,088 | 619,535 | 865,436 | 729,275 | 600,698 | 504,986 | 751,404 | 666,681 | 596,601 |
| 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 |
| Quick ratio | 0.54 | 0.84 | 0.69 | 0.78 | 0.86 | 0.81 | 0.60 | 0.65 | 0.89 | 0.64 | 0.80 | 0.80 | 0.86 | 0.85 | 0.68 | 0.74 | 0.70 | 0.54 | 0.46 | 0.57 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($642,923K
+ $—K
+ $599,524K)
÷ $2,311,860K
= 0.54
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position.
Silgan Holdings Inc.'s quick ratio has exhibited some fluctuation over the past eight quarters. In Q4 2023, the quick ratio declined to 0.61 from the prior quarter's 0.91, showing a significant decrease in liquidity. This may signal potential challenges in meeting short-term obligations, as current assets may not be as readily available to cover current liabilities.
Comparing Q4 2023 to the same quarter a year ago (Q4 2022), where the quick ratio was 0.95, there has been a notable decline in liquidity over the year. This downward trend should be monitored closely to assess the company's ability to manage its current financial obligations.
Overall, based on the quick ratio trend, Silgan Holdings Inc. has experienced varying levels of liquidity in recent quarters. Investors and stakeholders should continue to monitor this metric alongside other financial indicators to gauge the company's short-term solvency and financial health.
Peer comparison
Dec 31, 2023