Colgate-Palmolive Company (CL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,317,000 | 5,279,000 | 5,113,000 | 4,397,000 | 4,338,000 |
| Total current liabilities | US$ in thousands | 5,759,000 | 4,741,000 | 4,004,000 | 4,051,000 | 4,404,000 |
| Current ratio | 0.92 | 1.11 | 1.28 | 1.09 | 0.99 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,317,000K ÷ $5,759,000K
= 0.92
The current ratio of Colgate-Palmolive Company has shown fluctuations over the past five years. Starting at 0.99 on December 31, 2020, it improved to 1.09 by December 31, 2021, indicating a better ability to cover short-term obligations with current assets. The ratio further increased to 1.28 by December 31, 2022, suggesting a strengthened liquidity position. However, by December 31, 2023, the current ratio slightly decreased to 1.11, potentially indicating some strain on short-term liquidity. This trend continued with a notable drop to 0.92 by December 31, 2024, potentially signaling a reduced capacity to meet immediate financial obligations with current assets. Overall, the company's current ratio has displayed variability, underlining the importance of ongoing monitoring of its liquidity position.
Peer comparison
Dec 31, 2024