Olin Corporation (OLN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,714,000 | 1,769,600 | 1,726,200 | 1,684,500 |
| Total current liabilities | US$ in thousands | 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 | 1,198,900 | 1,042,100 | 926,300 | 1,565,900 | 1,082,200 | 1,077,200 | 1,050,100 | 1,139,900 |
| Current ratio | 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 | 1.58 | 1.64 | 1.64 | 1.48 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,973,200K ÷ $1,528,200K
= 1.29
The current ratio of Olin Corp. has fluctuated over the past eight quarters, ranging from a low of 1.29 in Q4 2023 to a high of 1.60 in Q1 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, while a ratio above 1 suggests that the company has sufficient current assets to cover its short-term obligations.
The downward trend in the current ratio from Q1 2023 to Q4 2023 may raise concerns about Olin Corp.'s liquidity position. However, it is important to consider the industry norms and benchmarks when evaluating the current ratio. Additionally, it would be beneficial to analyze other liquidity ratios and the company's overall financial health to gain a more comprehensive understanding of its current financial position.
Peer comparison
Dec 31, 2023