Sonoco Products Company (SON)
Cash 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 and cash equivalents | US$ in thousands | 431,010 | 1,930,630 | 140,233 | 172,213 | 151,937 | 257,940 | 319,216 | 209,651 | 227,438 | 182,238 | 174,996 | 151,537 | 170,978 | 160,012 | 263,529 | 587,532 | 564,848 | 782,679 | 857,272 | 123,335 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 30,959 | — | — | — | — | — | — | — | — | — | — | — | — | — | 124 |
| Total current liabilities | US$ in thousands | 4,038,290 | 1,678,280 | 1,626,130 | 1,577,310 | 1,165,280 | 1,185,200 | 1,519,580 | 1,609,490 | 1,774,600 | 1,755,470 | 1,745,140 | 1,715,000 | 1,525,760 | 1,349,240 | 1,404,910 | 1,530,670 | 1,511,630 | 1,499,040 | 1,576,270 | 1,363,800 |
| Cash ratio | 0.11 | 1.15 | 0.09 | 0.11 | 0.13 | 0.24 | 0.21 | 0.13 | 0.13 | 0.10 | 0.10 | 0.09 | 0.11 | 0.12 | 0.19 | 0.38 | 0.37 | 0.52 | 0.54 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($431,010K
+ $—K)
÷ $4,038,290K
= 0.11
The cash ratio of Sonoco Products Company has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
The ratio started at a low of 0.09 on March 31, 2020, increased to 0.54 by June 30, 2020, and then gradually decreased to 0.11 by December 31, 2021. From March 31, 2022, to June 30, 2024, the ratio fluctuated between 0.09 and 0.24.
Notably, there was a significant spike in the cash ratio on September 30, 2024, reaching 1.15, indicating a substantial increase in the company's cash position relative to its current liabilities at that point in time.
Overall, the cash ratio of Sonoco Products Company has shown variability over the period, suggesting changes in the company's liquidity position and ability to meet short-term obligations using available cash resources. Continued monitoring of this ratio is essential to assess the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024