Smurfit WestRock plc (SW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,081,000 | 4,509,000 | 4,084,000 | 3,258,000 |
| Total current liabilities | US$ in thousands | 2,694,000 | 3,027,000 | 2,827,000 | 2,230,000 |
| Current ratio | 1.51 | 1.49 | 1.44 | 1.46 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,081,000K ÷ $2,694,000K
= 1.51
Based on the data provided, the current ratio of Smurfit WestRock plc has shown a fluctuating trend over the past four years. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In 2023, the current ratio stands at 1.51, which indicates that the company had $1.51 in current assets for every $1 of current liabilities. This suggests a slight improvement compared to the previous year's ratio of 1.49 in 2022.
Looking back further, the current ratio was 1.44 in 2021 and 1.46 in 2020, indicating that the company had a slightly lower ability to cover its short-term liabilities with current assets in those years.
Overall, the upward trend in the current ratio from 2020 to 2023 generally indicates an improvement in Smurfit WestRock's short-term liquidity position. However, further analysis considering industry benchmarks and other financial metrics would provide a more comprehensive view of the company's financial health.
Peer comparison
Dec 31, 2023