ODP Corp (ODP)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 392,000 | 403,000 | 514,000 | 729,000 | 698,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 487,000 | 536,000 | 495,000 | 631,000 | 1,418,000 |
| Total current liabilities | US$ in thousands | 1,693,000 | 1,859,000 | 2,265,000 | 2,093,000 | 3,094,000 |
| Quick ratio | 0.52 | 0.51 | 0.45 | 0.65 | 0.68 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($392,000K
+ $—K
+ $487,000K)
÷ $1,693,000K
= 0.52
The quick ratio of ODP Corp has been fluctuating over the past five years, ranging from 0.45 to 0.68. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent year, the quick ratio was 0.52, which suggests that ODP Corp may face challenges in covering its current liabilities with its quick assets. However, it is important to consider industry benchmarks and historical trends to fully assess the company's liquidity position. Overall, the fluctuating nature of the quick ratio implies variability in the company's ability to meet its short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2023