LyondellBasell Industries NV (LYB)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 13,152,000 | 11,845,000 | 12,217,000 | 11,634,000 | 9,510,000 |
| Total current liabilities | US$ in thousands | 7,150,000 | 6,760,000 | 7,230,000 | 5,502,000 | 5,198,000 |
| Current ratio | 1.84 | 1.75 | 1.69 | 2.11 | 1.83 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $13,152,000K ÷ $7,150,000K
= 1.84
The current ratio of LyondellBasell Industries NV has fluctuated over the past five years, ranging from 1.69 to 2.11. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities. In this case, the company's current ratio has generally remained above 1, indicating a healthy liquidity position.
The current ratio increased from 2019 to 2020, peaking at 2.11, which suggests that the company had a substantial cushion of current assets to cover its short-term liabilities in 2020. However, the ratio slightly decreased in the following years, reaching 1.84 by the end of 2023. While the current ratio has decreased compared to the peak in 2020, it is still above 1, indicating that the company remains capable of meeting its short-term obligations.
Overall, the trend in LyondellBasell Industries NV's current ratio over the past five years indicates a generally stable liquidity position, with the company having sufficient current assets to cover its current liabilities.
Peer comparison
Dec 31, 2023