LyondellBasell Industries NV (LYB)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,266,000 | 12,742,000 | 12,911,000 | 12,875,000 | 3,405,000 | 13,228,000 | 12,693,000 | 12,024,000 | 11,845,000 | 12,328,000 | 12,845,000 | 13,291,000 | 12,217,000 | 13,986,000 | 12,897,000 | 11,964,000 | 11,634,000 | 10,759,000 | 10,477,000 | 9,692,000 |
| 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 |
| Current ratio | 1.83 | 2.13 | 2.10 | 2.12 | 0.48 | 1.89 | 1.81 | 1.85 | 1.75 | 1.61 | 1.68 | 1.76 | 1.69 | 1.89 | 1.96 | 1.74 | 2.11 | 2.25 | 2.36 | 1.76 |
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 fluctuations over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From March 31, 2020, to December 31, 2022, the current ratio generally ranged from around 1.6 to 2.4, indicating that the company had a relatively healthy level of current assets compared to its current liabilities during this period.
However, there was a significant drop in the current ratio by the end of December 31, 2023, where it decreased to 0.48. This sharp decline may signal that the company potentially faced liquidity challenges or had a mismatch between its current assets and liabilities.
In the subsequent period from March 31, 2024, to December 31, 2024, the current ratio recovered and stayed relatively stable, ranging from 1.83 to 2.13. This recovery suggests that the company may have taken measures to improve its liquidity position and better manage its current assets and liabilities.
Overall, while the current ratio of LyondellBasell Industries NV experienced fluctuations, it is essential to consider the company's overall financial health and liquidity position by analyzing other financial metrics in conjunction with the current ratio.
Peer comparison
Dec 31, 2024