LyondellBasell Industries NV (LYB)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,390,000 | 2,833,000 | 2,468,000 | 1,790,000 | 2,151,000 | 1,480,000 | 1,057,000 | 1,785,000 | 1,472,000 | 1,893,000 | 1,381,000 | 1,452,000 | 1,763,000 | 2,459,000 | 2,552,000 | 1,596,000 | 858,000 | 476,000 | 1,279,000 | 339,000 |
| Short-term investments | US$ in thousands | 2,432,000 | 1,928,000 | 1,630,000 | 1,065,000 | 0 | 0 | 0 | 0 | 9,000 | 36,000 | 136,000 | 383,000 | 702,000 | 361,000 | 651,000 | 199,000 | 196,000 | 53,000 | 52,000 | 423,000 |
| Receivables | US$ in thousands | 476,000 | -6,000 | 3,811,000 | 3,901,000 | 4,081,000 | 4,329,000 | 5,407,000 | 5,391,000 | 5,212,000 | 5,251,000 | 4,897,000 | 3,961,000 | 4,489,000 | 2,974,000 | 2,588,000 | 3,043,000 | 3,455,000 | 3,469,000 | 3,758,000 | 3,680,000 |
| 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 |
| Quick ratio | 0.88 | 0.68 | 1.13 | 1.04 | 0.92 | 0.76 | 0.84 | 0.95 | 0.93 | 0.97 | 0.97 | 0.84 | 1.26 | 1.21 | 1.31 | 0.88 | 0.87 | 0.54 | 0.68 | 0.63 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,390,000K
+ $2,432,000K
+ $476,000K)
÷ $7,150,000K
= 0.88
The quick ratio of LyondellBasell Industries NV has shown some fluctuations over the past eight quarters. In Q4 2023, the quick ratio was 1.11, indicating an improvement compared to the previous quarter. This suggests that the company had $1.11 in liquid assets available to cover each dollar of current liabilities, which is a positive sign of liquidity.
Looking back, the quick ratio has been generally stable with some variations. In Q3 2023 and Q2 2023, the quick ratio was relatively high at 1.19 and 1.06 respectively, indicating a strong ability to meet short-term obligations. However, in Q1 2023, the quick ratio dipped slightly to 1.05, but it remained above 1, suggesting that the company still had an adequate level of liquidity.
Comparing to the same quarter of the previous year, there has been an improvement in the quick ratio of LyondellBasell Industries NV. In Q4 2022, the quick ratio was at 1.04, showing an upward trend in liquidity management over the quarters. In Q3 2022, the quick ratio was 0.94, which was on the lower side but it improved steadily in the subsequent quarters.
Overall, the quick ratio trend of LyondellBasell Industries NV demonstrates a generally healthy liquidity position over the past eight quarters. Investors and creditors may view this positively as a strong quick ratio indicates that the company has sufficient liquid assets to meet its short-term obligations.
Peer comparison
Dec 31, 2023