Olin Corporation (OLN)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 175,600 170,300 194,000 180,500 189,700
Short-term investments US$ in thousands — — — — —
Receivables US$ in thousands — — — — —
Total current liabilities US$ in thousands 1,632,200 1,528,200 1,561,400 1,682,100 1,196,900
Quick ratio 0.11 0.11 0.12 0.11 0.16

December 31, 2024 calculation

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

Based on the provided data, the quick ratio of Olin Corporation has shown a declining trend from 0.16 as of December 31, 2020, to 0.11 as of December 31, 2024. This indicates that the company may be facing challenges in meeting its short-term financial obligations with its quickly available assets. The quick ratio below 1 suggests that Olin Corporation may have difficulty covering its current liabilities solely with its most liquid assets. It is important for the company to closely monitor its liquidity position and consider strategies to improve its ability to meet short-term obligations in a timely manner.