International Paper (IP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,608,000 | 6,780,000 | 6,476,000 | 6,615,000 | 6,770,000 | 6,622,000 | 7,046,000 | 7,184,000 | 7,096,000 | 9,896,000 | 12,226,000 | 12,167,000 | 11,236,000 | 11,288,000 | 6,599,000 | 7,215,000 | 6,639,000 | 7,051,000 | 7,388,000 | 7,062,000 |
| Total current liabilities | US$ in thousands | 3,959,000 | 3,882,000 | 4,067,000 | 4,266,000 | 5,000,000 | 4,805,000 | 4,352,000 | 4,142,000 | 4,144,000 | 4,698,000 | 8,635,000 | 8,390,000 | 8,284,000 | 8,476,000 | 8,330,000 | 9,342,000 | 8,646,000 | 4,729,000 | 5,049,000 | 4,953,000 |
| Current ratio | 1.67 | 1.75 | 1.59 | 1.55 | 1.35 | 1.38 | 1.62 | 1.73 | 1.71 | 2.11 | 1.42 | 1.45 | 1.36 | 1.33 | 0.79 | 0.77 | 0.77 | 1.49 | 1.46 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,608,000K ÷ $3,959,000K
= 1.67
The current ratio of International Paper Co. has exhibited fluctuations over the past eight quarters. The ratio ranged from a low of 1.35 in Q4 2022 to a high of 1.75 in Q3 2023, indicating variations in the company's short-term liquidity position. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting its ability to meet its short-term obligations.
In the most recent quarter, Q4 2023, the current ratio stood at 1.67, indicating that the company had $1.67 in current assets for every $1 in current liabilities. While this ratio is lower than in Q3 2023, it remains above 1, which is a positive sign. However, it is important to monitor the trend of the current ratio over time to assess the company's liquidity position and financial health accurately.
Peer comparison
Dec 31, 2023