LyondellBasell Industries NV (LYB)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,266,000 | 13,152,000 | 11,845,000 | 12,217,000 | 11,634,000 |
| Total current liabilities | US$ in thousands | 6,705,000 | 7,150,000 | 6,760,000 | 7,230,000 | 5,502,000 |
| Current ratio | 1.83 | 1.84 | 1.75 | 1.69 | 2.11 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,266,000K ÷ $6,705,000K
= 1.83
The current ratio of LyondellBasell Industries NV has shown a fluctuating trend over the past five years. Starting at 2.11 in December 31, 2020, the ratio decreased to 1.69 by December 31, 2021 before slightly improving to 1.75 by December 31, 2022. Subsequently, there was a further increase to 1.84 by December 31, 2023, followed by a slight decline to 1.83 by December 31, 2024.
The current ratio measures the company's ability to meet its short-term obligations using its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign. Despite the fluctuations in the current ratio of LyondellBasell Industries NV, the company has managed to maintain a ratio above 1 in each of the years covered, indicating its ability to cover its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2024