ODP Corp (ODP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,438,000 | 1,678,000 | 1,910,000 | 2,389,000 | 2,355,000 |
| Total current liabilities | US$ in thousands | 1,543,000 | 1,693,000 | 1,859,000 | 2,265,000 | 2,093,000 |
| Current ratio | 0.93 | 0.99 | 1.03 | 1.05 | 1.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,438,000K ÷ $1,543,000K
= 0.93
The current ratio of ODP Corp has shown a decreasing trend over the past five years, declining from 1.13 in December 2020 to 0.93 in December 2024. This indicates a weakening liquidity position as the company's current assets may be insufficient to cover its current liabilities. With a current ratio below 1, there may be potential concerns about the company's ability to meet its short-term obligations using its current assets alone. Management should closely monitor this trend and take appropriate actions to improve liquidity and ensure the company's financial stability.
Peer comparison
Dec 31, 2024