Colgate-Palmolive Company (CL)
Current 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,317,000 | 5,806,000 | 5,646,000 | 5,640,000 | 5,279,000 | 5,357,000 | 5,437,000 | 5,466,000 | 5,113,000 | 5,278,000 | 5,160,000 | 4,989,000 | 4,397,000 | 4,670,000 | 4,652,000 | 4,563,000 | 4,338,000 | 4,367,000 | 4,212,000 | 4,248,000 |
| Total current liabilities | US$ in thousands | 5,759,000 | 5,565,000 | 5,350,000 | 5,314,000 | 4,741,000 | 4,602,000 | 4,632,000 | 4,441,000 | 4,004,000 | 4,492,000 | 4,395,000 | 4,566,000 | 4,051,000 | 4,281,000 | 4,203,000 | 4,539,000 | 4,404,000 | 4,481,000 | 4,580,000 | 4,443,000 |
| Current ratio | 0.92 | 1.04 | 1.06 | 1.06 | 1.11 | 1.16 | 1.17 | 1.23 | 1.28 | 1.17 | 1.17 | 1.09 | 1.09 | 1.09 | 1.11 | 1.01 | 0.99 | 0.97 | 0.92 | 0.96 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,317,000K ÷ $5,759,000K
= 0.92
The current ratio for Colgate-Palmolive Company has shown some fluctuations over the given period. Starting at 0.96 on March 31, 2020, the ratio dipped to 0.92 by June 30, 2020, indicating a short-term liquidity concern. However, the company quickly improved its liquidity position, with the ratio increasing to 1.01 by March 31, 2021, and continuing to show a generally upward trend until June 30, 2022, reaching a peak of 1.17. This suggests that the company had improved its ability to cover its short-term liabilities with its current assets during this period.
From June 30, 2022, to December 31, 2024, the current ratio started to decline gradually, reaching 0.92 by the end of December 31, 2024. This could indicate potential liquidity challenges as the company's ability to cover its short-term obligations with its current assets decreased.
Overall, while the current ratio fluctuated over the period analyzed, it generally remained above 1, indicating that Colgate-Palmolive Company had more than enough current assets to cover its short-term liabilities. It is essential for investors and analysts to monitor this ratio continuously to assess the company's liquidity position and ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024