Olin Corporation (OLN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 220,900 | 177,400 | 126,900 | 105,700 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — |
| Receivables | US$ in thousands | 15,300 | 28,000 | 32,800 | 29,700 | 43,200 | 26,000 | 8,000 | 1,200 | 300 | 3,000 | 62,400 | 13,400 | 15,100 | 22,000 | 17,600 | 19,900 | 760,400 | 849,900 | 848,200 | 808,300 |
| 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 |
| Quick ratio | 0.12 | 0.13 | 0.14 | 0.14 | 0.15 | 0.12 | 0.17 | 0.12 | 0.11 | 0.19 | 0.25 | 0.22 | 0.17 | 0.29 | 0.28 | 0.14 | 0.91 | 0.95 | 0.93 | 0.80 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($170,300K
+ $0K
+ $15,300K)
÷ $1,528,200K
= 0.12
The quick ratio of Olin Corp. has fluctuated over the past eight quarters, ranging from a low of 0.73 to a high of 0.94. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its current obligations without selling inventory or obtaining additional financing.
Olin Corp.'s quick ratio has generally been below 1, suggesting a potential liquidity risk. The ratio has shown some improvement in the most recent quarters, increasing from 0.78 to 0.84. However, the ratio remains relatively low compared to historical levels, indicating that the company may still have challenges in meeting its short-term financial obligations.
It is important for investors and stakeholders to monitor Olin Corp.'s quick ratio closely to assess the company's liquidity position and financial health. A sustained improvement in the quick ratio over time would be a positive indicator of the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2023