ODP Corp (ODP)

Quick 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
Cash US$ in thousands 392,000 384,000 335,000 343,000 403,000 473,000 417,000 557,000 514,000 753,000 691,000 753,000 729,000 743,000 762,000 842,000 698,000 588,000 444,000 604,000
Short-term investments US$ in thousands
Receivables US$ in thousands 487,000 542,000 516,000 536,000 591,000 566,000 572,000 495,000 482,000 681,000 687,000 631,000 661,000 679,000 850,000 1,418,000 1,744,000 901,000 944,000
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
Quick ratio 0.52 0.53 0.48 0.19 0.51 0.56 0.52 0.57 0.45 0.57 0.65 0.68 0.65 0.61 0.67 0.72 0.68 0.74 0.42 0.48

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 measures a company's ability to meet its short-term obligations with its most liquid assets. ODP Corp's quick ratio has fluctuated over the past five years, ranging from a low of 0.19 to a high of 0.74.

The trend of the quick ratio shows that ODP Corp experienced a notable decrease in liquidity in the first quarter of 2023, with a quick ratio of 0.19, indicating potential difficulty in meeting short-term obligations. However, the quick ratio improved in subsequent quarters, reaching its highest level at 0.74 in the first quarter of 2020.

Overall, ODP Corp's quick ratio demonstrates variability in its liquidity position over the analyzed period. It is important for the company to closely monitor and manage its liquidity to ensure it can meet its short-term obligations effectively.


Peer comparison

Dec 31, 2023