ODP Corp (ODP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,678,000 | 1,754,000 | 1,738,000 | 1,813,000 | 1,910,000 | 2,108,000 | 2,011,000 | 2,053,000 | 2,389,000 | 2,876,000 | 2,411,000 | 2,444,000 | 2,355,000 | 2,480,000 | 2,525,000 | 2,700,000 | 3,447,000 | 3,460,000 | 3,389,000 | 3,502,000 |
| Total current liabilities | US$ in thousands | 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 | 3,094,000 | 3,156,000 | 3,181,000 | 3,233,000 |
| Current ratio | 0.99 | 1.00 | 0.98 | 0.98 | 1.03 | 1.11 | 1.06 | 1.04 | 1.05 | 1.32 | 1.15 | 1.15 | 1.13 | 1.08 | 1.18 | 1.15 | 1.11 | 1.10 | 1.07 | 1.08 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,678,000K ÷ $1,693,000K
= 0.99
The current ratio of ODP Corp has fluctuated over the past few quarters. As of Dec 31, 2023, the current ratio stood at 0.99, indicating that the company's current assets were slightly less than its current liabilities, which may raise concerns about its short-term liquidity position.
The current ratio remained stable around 1.00 throughout the year, suggesting that the company was able to meet its short-term obligations with its current assets. However, the ratio dipped below 1.00 in some quarters, such as Jun 30, 2023, and Mar 31, 2023, which may indicate potential liquidity constraints during those periods.
In contrast, the current ratio was notably higher in the earlier periods, particularly in Sep 30, 2021 (1.32) and Jun 30, 2021 (1.15), suggesting a stronger liquidity position at that time. Overall, the trend in the current ratio indicates variability in ODP Corp's ability to cover its short-term debts with its current assets, reflecting fluctuations in its financial health and liquidity management.
Peer comparison
Dec 31, 2023