LyondellBasell Industries NV (LYB)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,375,000 | 3,390,000 | 2,151,000 | 1,472,000 | 1,763,000 |
| Short-term investments | US$ in thousands | — | 38,000 | 16,000 | 9,000 | 702,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,705,000 | 7,150,000 | 6,760,000 | 7,230,000 | 5,502,000 |
| Quick ratio | 0.50 | 0.48 | 0.32 | 0.20 | 0.45 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,375,000K
+ $—K
+ $—K)
÷ $6,705,000K
= 0.50
Based on the data provided, the quick ratio of LyondellBasell Industries NV has fluctuated over the years. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates a company may struggle to pay its current liabilities using only its most liquid assets.
In 2020, the quick ratio was 0.45, suggesting that the company may have had some difficulty meeting its short-term obligations with its liquid assets. The quick ratio further decreased to 0.20 in 2021, indicating a potential worsening liquidity position.
However, in 2022, the quick ratio improved to 0.32, showing a better ability to cover short-term obligations with liquid assets compared to the previous year. In 2023, the quick ratio increased to 0.48, further improving the company's liquidity position.
By the end of 2024, the quick ratio reached 0.50, indicating that LyondellBasell Industries NV had a sufficient level of liquid assets to cover its short-term liabilities. Overall, the fluctuating trend in the quick ratio suggests that the company has experienced varying levels of liquidity over the years, with recent improvements seen in 2023 and 2024.
Peer comparison
Dec 31, 2024