Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 205,000 | 248,000 | 205,000 | 209,000 | 280,000 | 194,000 | 164,000 | 191,000 | 159,000 | 163,000 | 157,000 | 229,000 | 180,000 | 132,000 | 226,000 | -95,000 | 95,000 |
| Short-term investments | US$ in thousands | — | — | -162,200 | — | — | — | — | — | 201,000 | 163,000 | 157,000 | 229,000 | 180,000 | — | — | 190,000 | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.30 | 0.35 | 0.07 | 0.32 | 0.40 | 0.29 | 0.25 | 0.26 | 0.49 | 0.32 | 0.36 | 0.67 | 0.47 | 0.17 | 0.42 | 0.18 | 0.19 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($205,000K
+ $—K
+ $—K)
÷ $682,000K
= 0.30
The quick ratio of Sylvamo Corp has displayed fluctuations over the evaluated periods. It started at a low of 0.19 on December 31, 2020, indicating that the company had limited quick assets to cover its current liabilities. The ratio further decreased to 0.18 by March 31, 2021, emphasizing the company's liquidity challenges.
However, there was a significant improvement in the quick ratio by June 30, 2021, reaching 0.42, showcasing a better ability to meet short-term obligations. The ratio decreased again by September 30, 2021, to 0.17, suggesting a potential strain on the company's liquidity position.
The trend reversed positively by December 31, 2021, with the quick ratio rising to 0.47, reflecting an improved liquidity position. This positive momentum continued into the first half of 2022, as the ratio increased to 0.67 by March 31, highlighting the company's strengthened ability to cover its short-term liabilities.
Subsequently, there was a decline in the quick ratio by June 30, 2022, to 0.36 and by September 30, 2022, to 0.32, indicating some liquidity challenges resurfaced. The ratio improved again to 0.49 by December 31, 2022, but then decreased to 0.26 by March 31, 2023, showing some fluctuations in the company's liquidity management.
By the end of 2023, the quick ratio stood at 0.40, suggesting a moderate liquidity position. There was a decline to 0.32 by March 31, 2024, and a substantial drop to 0.07 by June 30, 2024, reflecting a potential liquidity crunch. The ratio rebounded to 0.35 by September 30, 2024, but decreased slightly to 0.30 by December 31, 2024, signaling ongoing challenges in managing short-term obligations.
Overall, the analysis of Sylvamo Corp's quick ratio demonstrates fluctuations in the company's short-term liquidity position, indicating varying degrees of ability to cover immediate liabilities over the assessment period.
Peer comparison
Dec 31, 2024