Sylvamo Corp (SLVM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,063,000 | 1,229,000 | 1,100,000 | 1,115,000 | 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 | 1,314,000 | 95,000 | 1,119,000 |
| Total current liabilities | US$ in thousands | 682,000 | 714,000 | 654,000 | 649,000 | 695,000 | 674,000 | 667,000 | 726,000 | 728,000 | 1,029,000 | 884,000 | 687,000 | 758,000 | 784,000 | 541,000 | 541,000 | 490,000 |
| Current ratio | 1.56 | 1.72 | 1.68 | 1.72 | 1.72 | 1.76 | 1.74 | 1.67 | 1.71 | 1.37 | 1.52 | 1.71 | 1.46 | 1.30 | 2.43 | 0.18 | 2.28 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,063,000K ÷ $682,000K
= 1.56
The current ratio of Sylvamo Corp has fluctuated over the period from December 31, 2020, to December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
The current ratio was at its highest at 2.43 on June 30, 2021, indicating that the company had more than double the current assets compared to its current liabilities at that time. This suggests a strong liquidity position.
However, the ratio dropped significantly to 0.18 on March 31, 2021, which may signal potential liquidity issues or an imbalance between current assets and liabilities. The company's ability to meet short-term obligations was severely constrained at that point.
Since then, the current ratio has shown some improvement, reaching a peak of 1.76 on September 30, 2023. This indicates that the company had sufficient current assets to cover its short-term liabilities around that time.
Overall, the current ratio has displayed some variability over the period, with fluctuations suggesting changes in the company's liquidity position. It is essential for Sylvamo Corp to monitor and manage its current assets and liabilities effectively to ensure it can meet its short-term obligations.
Peer comparison
Dec 31, 2024