LyondellBasell Industries NV (LYB)

Current 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
Total current assets US$ in thousands 13,152,000 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 9,510,000 9,630,000 11,088,000 10,286,000
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
Current ratio 1.84 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 1.83 1.30 1.47 1.47

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 exhibited some fluctuations over the past two years, ranging from a low of 1.61 in Q3 2022 to a high of 1.89 in Q3 2023. The ratio indicates the company's ability to cover its short-term obligations with its current assets.

Overall, the current ratio has generally been above 1.5, suggesting that the company has had an acceptable level of liquidity to meet its short-term financial obligations. However, the ratio has not been consistently above 2, which could indicate that the company may have limited excess liquidity to invest in growth opportunities or cover unexpected expenses.

The recent trend of the current ratio slightly decreasing from Q3 2023 to Q4 2023 is worth monitoring, as it may indicate a potential strain on the company's liquidity position. It would be advisable for stakeholders to further analyze the components of current assets and liabilities to better understand the drivers behind these fluctuations and assess any potential risks to the company's financial health.


Peer comparison

Dec 31, 2023


See also:

LyondellBasell Industries NV Current Ratio (Quarterly Data)