LyondellBasell Industries NV (LYB)
Cash 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 and cash equivalents | US$ in thousands | 3,375,000 | 2,621,000 | 2,864,000 | 2,331,000 | 3,390,000 | 2,833,000 | 2,468,000 | 1,790,000 | 2,151,000 | 1,480,000 | 1,057,000 | 1,785,000 | 1,472,000 | 1,893,000 | 1,381,000 | 1,452,000 | 1,763,000 | 2,459,000 | 2,552,000 | 1,596,000 |
| Short-term investments | US$ in thousands | — | 27,000 | 18,000 | 28,000 | 15,000 | 68,000 | 41,000 | 28,000 | 16,000 | 26,000 | 16,000 | 13,000 | 9,000 | 36,000 | 136,000 | 383,000 | 702,000 | 361,000 | 651,000 | 199,000 |
| Total current liabilities | US$ in thousands | 6,705,000 | 5,993,000 | 6,147,000 | 6,087,000 | 7,150,000 | 7,000,000 | 7,017,000 | 6,513,000 | 6,760,000 | 7,634,000 | 7,653,000 | 7,539,000 | 7,230,000 | 7,408,000 | 6,595,000 | 6,875,000 | 5,502,000 | 4,782,000 | 4,435,000 | 5,521,000 |
| Cash ratio | 0.50 | 0.44 | 0.47 | 0.39 | 0.48 | 0.41 | 0.36 | 0.28 | 0.32 | 0.20 | 0.14 | 0.24 | 0.20 | 0.26 | 0.23 | 0.27 | 0.45 | 0.59 | 0.72 | 0.33 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,375,000K
+ $—K)
÷ $6,705,000K
= 0.50
The cash ratio of LyondellBasell Industries NV has shown fluctuations over the analyzed periods, ranging from a low of 0.14 on June 30, 2022, to a high of 0.72 on June 30, 2020. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
The company experienced a notable decrease in its cash ratio from the second quarter of 2020 to the first quarter of 2021, possibly due to changes in cash and cash equivalents levels relative to current liabilities during this period. Subsequently, there were fluctuations in the cash ratio, with a general trend of volatility but with no consistent pattern.
It is important to note that a high cash ratio may suggest that the company is not utilizing its cash efficiently and could potentially seek more profitable uses for excess cash. On the other hand, a very low cash ratio may indicate liquidity issues and the need to manage cash more effectively to meet short-term obligations.
Overall, the analysis of LyondellBasell Industries NV's cash ratio suggests that the company has had varying levels of liquidity over the analyzed periods, highlighting the importance of closely monitoring cash levels to ensure the company can meet its short-term financial obligations.
Peer comparison
Dec 31, 2024