Louisiana-Pacific Corporation (LPX)
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 | 778,000 | 745,000 | 671,000 | 713,000 | 854,000 | 1,001,000 | 1,208,000 | 1,341,000 | 890,000 | 1,197,000 | 1,230,000 | 1,226,000 | 993,000 | 904,000 | 689,000 | 976,000 | 619,000 | 761,000 | 828,000 | 845,500 |
| Total current liabilities | US$ in thousands | 259,000 | 266,000 | 267,000 | 229,000 | 336,000 | 430,000 | 464,000 | 459,000 | 351,000 | 427,000 | 353,000 | 360,000 | 286,000 | 244,000 | 219,000 | 214,000 | 244,000 | 216,000 | 229,000 | 237,600 |
| Current ratio | 3.00 | 2.80 | 2.51 | 3.11 | 2.54 | 2.33 | 2.60 | 2.92 | 2.54 | 2.80 | 3.48 | 3.41 | 3.47 | 3.70 | 3.15 | 4.56 | 2.54 | 3.52 | 3.62 | 3.56 |
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 shown fluctuation over the past eight quarters. In Q4 2023, the current ratio improved to 3.00 from the previous quarter's 2.80, indicating that the company's current assets are sufficient to cover its current liabilities. This suggests a healthier liquidity position compared to the previous quarter.
Looking at the trend over the quarters, the current ratio has generally been above 2, reflecting a consistent ability to meet short-term obligations. The highest current ratio was observed in Q1 2023 at 3.12, while the lowest was in Q3 2022 at 2.33.
Overall, the current ratio has displayed variability but has generally remained at levels that indicate a solid liquidity position for Louisiana-Pacific Corp. It is important for the company to continue monitoring and managing its liquidity effectively to ensure ongoing financial stability.
Peer comparison
Dec 31, 2023