Current Ratio
since 2011
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LyondellBasell Industries N.V. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2011
- Operating Profit Margin since 2011
- Return on Equity (ROE) since 2011
- Price to Sales (P/S) since 2011
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Calculation
LyondellBasell Industries N.V., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ | |||
| Dec 31, 2013 | = | ÷ | |||
| Dec 31, 2012 | = | ÷ | |||
| Dec 31, 2011 | = | ÷ |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 US$ in millions
- Current Assets
- The current assets exhibited an overall fluctuating trend between 2011 and 2018. Starting at $11,435 million in 2011, the value peaked at $14,599 million in 2013, indicating a significant increase in asset liquidity during the first three years. Following 2013, current assets generally declined to $9,599 million by 2016 but saw a recovery in 2017 to $11,738 million before decreasing again to $10,566 million in 2018.
- Current Liabilities
- Current liabilities showed moderate variation within the same period. Beginning at $5,018 million in 2011, they rose slightly to $5,510 million in 2013, then decreased notably to $4,349 million by 2015. From that point, liabilities increased steadily, reaching $5,513 million in 2018, which is marginally higher than the 2011 level.
- Current Ratio
- The current ratio, reflecting short-term liquidity, generally declined over the period despite some fluctuations. Initially recorded at 2.28 in 2011, it increased to a peak of 2.65 in 2013, aligning with the increase in current assets. After 2013, the ratio weakened, dropping to 2.11 in 2016 and further to 1.92 in 2018. This downward trend suggests a reduced margin of liquidity relative to current liabilities by the end of the period.
- Summary Insights
- The company experienced variability in its liquidity position from 2011 to 2018. After a period of asset accumulation peaking in 2013, current assets declined, while current liabilities decreased then rose again, culminating in a reduced current ratio by 2018. This implies a tightening of short-term financial flexibility, which may warrant attention to ensure continued ability to meet immediate obligations without distress.
Comparison to Competitors
LyondellBasell Industries N.V., current ratio, long-term trends, comparison to competitors
| LyondellBasell Industries N.V. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2018 | |||
| Dec 31, 2017 | |||
| Dec 31, 2016 | |||
| Dec 31, 2015 | |||
| Dec 31, 2014 | |||
| Dec 31, 2013 | |||
| Dec 31, 2012 | |||
| Dec 31, 2011 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Sector (Chemicals)
LyondellBasell Industries N.V., current ratio, long-term trends, comparison to sector (chemicals)
| LyondellBasell Industries N.V. | Chemicals | |
|---|---|---|
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
Comparison to Industry (Materials)
LyondellBasell Industries N.V., current ratio, long-term trends, comparison to industry (materials)
| LyondellBasell Industries N.V. | Materials | |
|---|---|---|
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).