Louisiana-Pacific Corporation (LPX)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 340,000 | 346,000 | 317,000 | 244,000 | 222,000 | 160,000 | 71,000 | 126,000 | 369,000 | 469,000 | 503,000 | 624,000 | 358,000 | 607,000 | 590,000 | 645,000 | 535,000 | 420,000 | 259,000 | 488,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 18,000 | 10,000 | 9,000 | 11,000 | 12,000 | — | — |
| Receivables | US$ in thousands | 131,000 | 136,000 | 161,000 | 180,000 | 155,000 | 181,000 | 172,000 | 148,000 | 127,000 | 171,000 | 219,000 | 320,000 | 169,000 | 248,000 | 310,000 | 264,000 | 184,000 | 228,000 | 175,000 | 172,000 |
| Total current liabilities | US$ in thousands | 299,000 | 303,000 | 261,000 | 254,000 | 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 |
| Quick ratio | 1.58 | 1.59 | 1.83 | 1.67 | 1.46 | 1.28 | 0.91 | 1.20 | 1.48 | 1.49 | 1.56 | 2.06 | 1.50 | 2.04 | 2.58 | 2.55 | 2.55 | 2.70 | 1.98 | 3.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($340,000K
+ $—K
+ $131,000K)
÷ $299,000K
= 1.58
The quick ratio of Louisiana-Pacific Corporation has shown some fluctuations over the past years, ranging from a high of 3.08 on March 31, 2020, to a low of 0.91 on June 30, 2023. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The quick ratio generally indicates the company's liquidity position and its ability to cover its current liabilities. A ratio above 1 implies that the company has enough liquid assets to cover its short-term obligations.
Louisiana-Pacific Corporation's quick ratio has generally remained above 1 for most periods, indicating a comfortable liquidity position. However, there have been declines in the ratio below 1, such as the lowest point of 0.91 on June 30, 2023, which may raise concerns about the company's short-term liquidity.
It is important for investors and stakeholders to closely monitor the company's quick ratio trends to assess its ability to meet its short-term financial obligations and manage its liquidity effectively.
Peer comparison
Dec 31, 2024