Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 111,000 | 102,000 | 80,000 | 103,000 | 280,000 | 77,000 | 93,000 | 128,000 | 95,000 | 125,000 |
| Short-term investments | US$ in thousands | 109,000 | 92,000 | 84,000 | 88,000 | 80,000 | 86,000 | 64,000 | 101,000 | 64,000 | 7,000 |
| Receivables | US$ in thousands | 428,000 | 423,000 | 440,000 | 441,000 | 450,000 | 482,000 | 469,000 | 483,000 | 402,000 | 422,000 |
| 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 |
| Quick ratio | 0.93 | 0.92 | 0.91 | 0.87 | 1.11 | 0.63 | 0.71 | 1.04 | 0.74 | 0.71 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($111,000K
+ $109,000K
+ $428,000K)
÷ $695,000K
= 0.93
The quick ratio of Sylvamo Corp has shown some fluctuations over the past five quarters. In Q4 2022, the quick ratio was relatively high at 1.21, indicating a strong ability to meet short-term liabilities with liquid assets. However, the quick ratio decreased to 0.97 in Q1 2023, suggesting a slight weakening in the company's short-term liquidity position.
Subsequently, the quick ratio improved to 1.01 in Q2 2023 and 0.99 in Q3 2023, indicating a better ability to cover short-term obligations with quick assets. In Q4 2023, the quick ratio further increased to 1.05, showing a relatively strong liquidity position compared to the previous quarter.
Overall, while there have been fluctuations in the quick ratio of Sylvamo Corp, the general trend indicates a reasonable ability to meet short-term obligations with quick assets. Monitoring this ratio over time can provide insight into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023