Olin Corporation (OLN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,079,800 | 1,973,200 | 2,156,400 | 2,248,300 | 1,717,100 |
| Total current liabilities | US$ in thousands | 1,632,200 | 1,528,200 | 1,561,400 | 1,682,100 | 1,196,900 |
| Current ratio | 1.27 | 1.29 | 1.38 | 1.34 | 1.43 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,079,800K ÷ $1,632,200K
= 1.27
The current ratio of Olin Corporation has exhibited fluctuations over the past five years. The ratio stood at 1.43 as of December 31, 2020, indicating that the company had $1.43 in current assets for every $1 in current liabilities. Subsequently, the ratio decreased to 1.34 by December 31, 2021, before slightly improving to 1.38 by December 31, 2022. However, by December 31, 2023, the current ratio decreased to 1.29, signifying a potential liquidity concern. This trend continued in the most recent year, as the current ratio fell further to 1.27 by December 31, 2024. Overall, the declining current ratio suggests that Olin Corporation may be facing challenges in managing its short-term obligations with available current assets.
Peer comparison
Dec 31, 2024