Olin Corporation (OLN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,079,800 | 2,001,700 | 2,058,300 | 1,951,800 | 1,973,200 | 2,101,000 | 2,198,200 | 2,298,200 | 2,156,400 | 2,285,000 | 2,666,500 | 2,438,400 | 2,248,300 | 2,305,300 | 2,218,100 | 2,013,000 | 1,717,100 | 1,672,500 | 1,616,800 | 1,739,300 |
| 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 |
| Current ratio | 1.27 | 1.40 | 1.43 | 1.38 | 1.29 | 1.50 | 1.57 | 1.60 | 1.38 | 1.41 | 1.44 | 1.49 | 1.34 | 1.45 | 1.65 | 1.65 | 1.43 | 1.60 | 1.75 | 1.11 |
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 shown fluctuations over the past few years, ranging from a low of 1.11 in March 2020 to a high of 1.75 in June 2020. The ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
In general, Olin Corporation has maintained a current ratio above 1, which suggests that the company has been able to meet its short-term liabilities using its current assets. However, the ratio has experienced some ups and downs, indicating variations in the company's liquidity position.
It is important to note that a current ratio of 1 or above is typically considered acceptable, as it indicates that the company has sufficient current assets to cover its current liabilities. A ratio below 1 may signal potential liquidity issues. Olin Corporation's current ratio has generally remained within an acceptable range, but it would be beneficial for the company to strive for consistency in maintaining a current ratio above 1.
Peer comparison
Dec 31, 2024