LyondellBasell Industries NV (LYB)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,375,000 | 2,621,000 | 2,864,000 | 2,331,000 | 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 |
| Short-term investments | US$ in thousands | — | 27,000 | 18,000 | 28,000 | 15,000 | 68,000 | 41,000 | 28,000 | 16,000 | 26,000 | 16,000 | 13,000 | 9,000 | 36,000 | 136,000 | 383,000 | 702,000 | 361,000 | 651,000 | 199,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.50 | 0.44 | 0.47 | 0.39 | 0.48 | 0.41 | 0.36 | 0.28 | 0.32 | 0.20 | 0.14 | 0.24 | 0.20 | 0.26 | 0.23 | 0.27 | 0.45 | 0.59 | 0.72 | 0.33 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,375,000K
+ $—K
+ $—K)
÷ $6,705,000K
= 0.50
The quick ratio of LyondellBasell Industries NV has fluctuated over the periods analyzed. Starting at 0.33 on March 31, 2020, the ratio improved to 0.72 by June 30, 2020, indicating a stronger ability to cover its short-term obligations with its most liquid assets. However, the ratio declined to 0.59 by September 30, 2020, before dropping further to 0.45 on December 31, 2020.
Throughout the following periods, the quick ratio continued to vary, with values ranging between 0.20 and 0.50. Notably, the ratio hit its lowest point at 0.14 on June 30, 2022, suggesting potential liquidity challenges at that time. Although there were fluctuations, the ratio generally stayed within a moderate range, which may indicate some level of stability in the company's ability to meet its short-term obligations using its quick assets.
Overall, it is essential for LyondellBasell Industries NV to closely monitor and manage its liquidity position to ensure it maintains a healthy level of quick assets relative to its current liabilities in order to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024