Louisiana-Pacific Corporation (LPX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 778,000 | 854,000 | 890,000 | 993,000 | 619,000 |
| Total current liabilities | US$ in thousands | 259,000 | 336,000 | 351,000 | 286,000 | 244,000 |
| Current ratio | 3.00 | 2.54 | 2.54 | 3.47 | 2.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $778,000K ÷ $259,000K
= 3.00
The current ratio of Louisiana-Pacific Corp. has exhibited fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 3.00, indicating that the company's current assets are three times its current liabilities. This represents an improvement compared to the prior year, where the current ratio was 2.54.
In the preceding years, the current ratio was also recorded at 2.54 as of December 31, 2022 and December 31, 2021, indicating consistency in the company's ability to cover its short-term obligations. Notably, there was a significant decline in the current ratio to 2.54 as of December 31, 2019, followed by a substantial rebound to 3.47 as of December 31, 2020.
Overall, the current ratio of 3.00 as of December 31, 2023, reflects a strong liquidity position for Louisiana-Pacific Corp., suggesting the company has ample current assets to meet its short-term liabilities. Investors and analysts may find this trend positive, indicating better financial health and capacity to fulfill immediate financial obligations.
Peer comparison
Dec 31, 2023