ODP Corp (ODP)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 166,000 | 181,000 | 180,000 | 282,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.11 | 0.11 | 0.11 | 0.17 | 0.23 | 0.22 | 0.19 | 0.19 | 0.22 | 0.25 | 0.22 | 0.28 | 0.23 | 0.35 | 0.33 | 0.35 | 0.35 | 0.32 | 0.36 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($166,000K
+ $—K
+ $—K)
÷ $1,543,000K
= 0.11
The quick ratio of ODP Corp has shown fluctuations over the analyzed periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The quick ratio ranged between 0.36 and 0.22 from March 31, 2020, to June 30, 2022, indicating a relatively stable liquidity position during those periods. However, from September 30, 2022, to December 31, 2024, the quick ratio experienced a decline, reaching as low as 0.11.
A quick ratio below 1 typically suggests that the company may have difficulty meeting its short-term obligations without relying on potentially illiquid assets like inventory. The decreasing trend in the quick ratio from September 30, 2022, to December 31, 2024, may raise concerns about the company's liquidity position and ability to cover its immediate liabilities.
Further analysis of the company's asset composition, operational efficiency, and cash flow management may be needed to understand the factors contributing to the declining quick ratio and evaluate the overall financial health of ODP Corp.
Peer comparison
Dec 31, 2024