ODP Corp (ODP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,438,000 | 1,538,000 | 1,476,000 | 1,524,000 | 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 |
| 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 |
| Current ratio | 0.93 | 0.92 | 0.90 | 0.94 | 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 |
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 fluctuations over the periods indicated. Initially, the current ratio increased from March 31, 2020, to June 30, 2020, suggesting an improvement in the company's short-term liquidity position. However, there was a slight decline by September 30, 2020. The ratio continued to vary between 1.04 and 1.32 until December 31, 2021, after which it saw a more notable decrease, dropping to 0.94 by March 31, 2024.
Overall, the company's current ratio indicates its ability to cover short-term liabilities with its current assets. A ratio above 1 suggests that the company can meet its short-term obligations using its current assets. The downward trend in the current ratio from 2021 to 2024 may raise concerns about the company's liquidity position and its ability to meet short-term obligations. Further analysis of the company's working capital management and financial health could provide insights into the reasons for these fluctuations and potential strategies for improvement.
Peer comparison
Dec 31, 2024