ODP Corp (ODP)
Cash 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 and cash equivalents | US$ in thousands | 166,000 | 181,000 | 180,000 | 282,000 | 392,000 | 384,000 | 335,000 | 343,000 | 403,000 | 473,000 | 417,000 | 557,000 | 514,000 | 753,000 | 691,000 | 753,000 | 729,000 | 743,000 | 762,000 | 842,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,543,000 | 1,667,000 | 1,642,000 | 1,624,000 | 1,693,000 | 1,760,000 | 1,782,000 | 1,845,000 | 1,859,000 | 1,893,000 | 1,903,000 | 1,966,000 | 2,265,000 | 2,181,000 | 2,100,000 | 2,129,000 | 2,093,000 | 2,287,000 | 2,135,000 | 2,345,000 |
| Cash ratio | 0.11 | 0.11 | 0.11 | 0.17 | 0.23 | 0.22 | 0.19 | 0.19 | 0.22 | 0.25 | 0.22 | 0.28 | 0.23 | 0.35 | 0.33 | 0.35 | 0.35 | 0.32 | 0.36 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($166,000K
+ $—K)
÷ $1,543,000K
= 0.11
The cash ratio for ODP Corp has fluctuated over the years based on the provided data. The cash ratio indicates the proportion of a company's current assets that are in the form of cash or cash equivalents, relative to its current liabilities.
From March 31, 2020, to December 31, 2021, the cash ratio remained relatively stable, ranging between 0.32 and 0.36. This suggests that ODP Corp had a healthy level of cash reserves to cover its short-term obligations during this period.
However, from March 31, 2022, to December 31, 2024, the cash ratio experienced a decline, dropping to as low as 0.11. A decreasing trend in the cash ratio may indicate that ODP Corp had reduced liquidity and may face challenges in meeting its immediate financial obligations with available cash resources.
The decreasing trend in the cash ratio from 2022 to 2024 could raise concerns about the company's ability to maintain sufficient liquidity in the future. It may also suggest that ODP Corp should closely monitor its cash management practices and explore ways to improve its liquidity position to safeguard against potential financial pressures.
Peer comparison
Dec 31, 2024