Sonoco Products Company (SON)
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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($431,010K
+ $—K
+ $—K)
÷ $4,038,290K
= 0.11
The quick ratio of Sonoco Products Company has fluctuated over the years according to the provided data. It started at a low of 0.09 on March 31, 2020, and gradually increased to 0.54 by June 30, 2020. However, there was a slight decrease in the quick ratio by the end of the same year to 0.37 on December 31, 2020. This trend continued with fluctuations until reaching a low point of 0.09 on June 30, 2022.
Subsequently, the quick ratio showed some improvement, peaking at 1.15 on September 30, 2024, reflecting a significant increase in liquidity. This spike was followed by a decrease to 0.11 by the end of the year on December 31, 2024.
The quick ratio reflects the company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities. Sonoco Products Company experienced fluctuations in its quick ratio over the years, which could indicate varying levels of liquidity and efficiency in managing its short-term assets and liabilities. Further analysis would be needed to understand the reasons behind these fluctuations and to assess the company's overall financial health.
Peer comparison
Dec 31, 2024