Olin Corporation (OLN)

Cash 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 and cash equivalents US$ in thousands 175,600 225,900 182,100 150,900 170,300 158,300 161,100 176,000 194,000 163,600 304,600 197,900 180,500 306,100 272,800 259,900 189,700 282,700 237,900 194,500
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 1,632,200 1,429,900 1,439,300 1,416,100 1,528,200 1,397,300 1,395,700 1,435,100 1,561,400 1,618,700 1,856,600 1,635,100 1,682,100 1,587,000 1,345,700 1,218,200 1,196,900 1,042,100 926,300 1,565,900
Cash ratio 0.11 0.16 0.13 0.11 0.11 0.11 0.12 0.12 0.12 0.10 0.16 0.12 0.11 0.19 0.20 0.21 0.16 0.27 0.26 0.12

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($175,600K + $—K) ÷ $1,632,200K
= 0.11

The cash ratio of Olin Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.12 on March 31, 2020, increased to a peak of 0.27 on September 30, 2020, and then fluctuated between 0.16 to 0.26 until June 30, 2021. Subsequently, the ratio decreased gradually to 0.11 by December 31, 2021.

From March 31, 2022, to June 30, 2024, the cash ratio remained relatively stable, fluctuating around the 0.11 to 0.16 range with minor variations. Overall, the cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. An increasing ratio suggests a stronger liquidity position, while a decreasing ratio may signal potential liquidity challenges. Monitoring the cash ratio over time provides insights into the company's liquidity management and financial health.