LyondellBasell Industries NV (LYB)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 858,000 | 476,000 | 1,279,000 | 339,000 |
| Short-term investments | US$ in thousands | 2,432,000 | 1,928,000 | 1,630,000 | 1,065,000 | 0 | 0 | 0 | 0 | 9,000 | 36,000 | 136,000 | 383,000 | 702,000 | 361,000 | 651,000 | 199,000 | 196,000 | 53,000 | 52,000 | 423,000 |
| Total current liabilities | US$ in thousands | 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 | 5,198,000 | 7,388,000 | 7,538,000 | 7,012,000 |
| Cash ratio | 0.81 | 0.68 | 0.58 | 0.44 | 0.32 | 0.19 | 0.14 | 0.24 | 0.20 | 0.26 | 0.23 | 0.27 | 0.45 | 0.59 | 0.72 | 0.33 | 0.20 | 0.07 | 0.18 | 0.11 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,390,000K
+ $2,432,000K)
÷ $7,150,000K
= 0.81
The cash ratio of LyondellBasell Industries NV has shown variations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In Q4 2023, the cash ratio was 0.55, indicating that the company had $0.55 in cash and cash equivalents for every $1 of its current liabilities. This was a decrease from the previous quarter Q3 2023, where the ratio was higher at 0.64.
Looking further back, the cash ratio has fluctuated with a general increasing trend from Q1 2022 to Q3 2023. However, Q4 2023 saw a slight dip in the ratio compared to the previous two quarters.
Overall, while the cash ratio of LyondellBasell Industries NV has shown some variability, the company has maintained a relatively healthy cash position to cover its short-term obligations. It is important for investors and analysts to continue monitoring these ratios to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2023