Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
LyondellBasell Industries N.V., liquidity ratios
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.92 | 2.46 | 2.11 | 2.25 | 2.14 | |
| Quick ratio | 0.87 | 1.33 | 1.07 | 1.04 | 1.12 | |
| Cash ratio | 0.23 | 0.59 | 0.45 | 0.46 | 0.48 |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | LyondellBasell Industries N.V. current ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | LyondellBasell Industries N.V. quick ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | LyondellBasell Industries N.V. cash ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Current Ratio
LyondellBasell Industries N.V., current ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 10,566) | 11,738) | 9,599) | 9,789) | 11,645) | |
| Current liabilities | 5,513) | 4,777) | 4,540) | 4,349) | 5,437) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.92 | 2.46 | 2.11 | 2.25 | 2.14 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Linde plc | — | — | — | — | — | |
| Sherwin-Williams Co. | — | — | — | — | — | |
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).
1 2018 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,566 ÷ 5,513 = 1.92
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | LyondellBasell Industries N.V. current ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Quick Ratio
LyondellBasell Industries N.V., quick ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 332) | 1,523) | 875) | 924) | 1,031) | |
| Restricted cash | 69) | 5) | 3) | 7) | 2) | |
| Short-term investments | 892) | 1,307) | 1,147) | 1,064) | 1,593) | |
| Accounts receivable | 3,503) | 3,539) | 2,842) | 2,517) | 3,448) | |
| Total quick assets | 4,796) | 6,374) | 4,867) | 4,512) | 6,074) | |
| Current liabilities | 5,513) | 4,777) | 4,540) | 4,349) | 5,437) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.87 | 1.33 | 1.07 | 1.04 | 1.12 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Linde plc | — | — | — | — | — | |
| Sherwin-Williams Co. | — | — | — | — | — | |
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).
1 2018 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,796 ÷ 5,513 = 0.87
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | LyondellBasell Industries N.V. quick ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |
Cash Ratio
LyondellBasell Industries N.V., cash ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 332) | 1,523) | 875) | 924) | 1,031) | |
| Restricted cash | 69) | 5) | 3) | 7) | 2) | |
| Short-term investments | 892) | 1,307) | 1,147) | 1,064) | 1,593) | |
| Total cash assets | 1,293) | 2,835) | 2,025) | 1,995) | 2,626) | |
| Current liabilities | 5,513) | 4,777) | 4,540) | 4,349) | 5,437) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.23 | 0.59 | 0.45 | 0.46 | 0.48 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Linde plc | — | — | — | — | — | |
| Sherwin-Williams Co. | — | — | — | — | — | |
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).
1 2018 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,293 ÷ 5,513 = 0.23
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | LyondellBasell Industries N.V. cash ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018. |