Smurfit WestRock plc (SW)
Current ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 27 | 0 | 4,081,000 | 4,210,000 | 4,509,000 |
| Total current liabilities | US$ in thousands | 12 | — | 2,694,000 | 2,678,000 | 3,027,000 |
| Current ratio | 2.25 | — | 1.51 | 1.57 | 1.49 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $27K ÷ $12K
= 2.25
The current ratio of Smurfit WestRock plc has shown fluctuations over the past few periods. As of June 30, 2024, the current ratio stands at 2.25, indicating the company had $2.25 in current assets for every $1 in current liabilities. This ratio has significantly improved from the previous periods, suggesting a stronger liquidity position.
The lack of data for March 31, 2024, makes it challenging to assess the trend accurately. However, comparing the current ratio of 2.25 on June 30, 2024, with the ratios of 1.51 on December 31, 2023, 1.57 on June 30, 2023, and 1.49 on December 31, 2022, reveals a noteworthy positive shift.
The increasing current ratio indicates that Smurfit WestRock plc has enhanced its ability to cover short-term obligations with its current assets. This improved liquidity position may result from better management of current assets and liabilities, which is a positive sign for the company's financial health and ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024