Olin Corporation (OLN)

Quick 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
Cash US$ in thousands 175,600 225,900 182,100 150,900 170,300 158,300 161,100 176,000 194,000 163,600 304,600 197,900 180,500 306,100 272,800 259,900 189,700 282,700 237,900 194,500
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Quick ratio 0.11 0.16 0.13 0.11 0.11 0.11 0.12 0.12 0.12 0.10 0.16 0.12 0.11 0.19 0.20 0.21 0.16 0.27 0.26 0.12

December 31, 2024 calculation

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

The quick ratio of Olin Corporation has experienced fluctuations over the reported periods. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.

From March 31, 2020, to December 31, 2024, Olin Corporation's quick ratio ranged from a low of 0.10 to a high of 0.27. The ratio decreased significantly from the initial reported date of 0.12 on March 31, 2020, to a low of 0.10 on September 30, 2022, before slightly recovering.

The ratio improved to 0.16 by June 30, 2024, showing a positive trend in the company's ability to cover its short-term obligations with its liquid assets. However, the ratio then dropped back to 0.11 by December 31, 2024. This decline suggests that Olin Corporation may face challenges in meeting its short-term financial obligations with its current liquidity levels.

Overall, it is important for Olin Corporation to closely monitor its quick ratio and ensure that it maintains a healthy level of liquidity to meet its short-term liabilities efficiently.