Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,193,000 | 1,186,000 | 1,161,000 | 1,209,000 | 1,243,000 | 1,409,000 | 1,345,000 | 1,173,000 | 1,108,000 | 1,019,000 |
| Total current liabilities | US$ in thousands | 695,000 | 674,000 | 667,000 | 726,000 | 728,000 | 1,029,000 | 884,000 | 687,000 | 758,000 | 784,000 |
| Current ratio | 1.72 | 1.76 | 1.74 | 1.67 | 1.71 | 1.37 | 1.52 | 1.71 | 1.46 | 1.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,193,000K ÷ $695,000K
= 1.72
The current ratio of Sylvamo Corp has shown a consistent trend over the past five quarters, ranging from 1.67 to 1.76. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets relative to its current liabilities.
Sylvamo Corp's current ratio has remained relatively stable around the range of 1.71 to 1.76, indicating that the company has been able to maintain a healthy level of liquidity to meet its short-term financial obligations. This stability suggests that the company has been managing its current assets and liabilities effectively, ensuring that it has sufficient resources to cover its short-term debts and operational expenses.
Overall, based on the consistent current ratio figures observed, it appears that Sylvamo Corp has a strong liquidity position that allows it to efficiently manage its short-term financial obligations.
Peer comparison
Dec 31, 2023