Colgate-Palmolive Company (CL)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,096,000 | 1,234,000 | 1,110,000 | 1,079,000 | 966,000 | 951,000 | 819,000 | 867,000 | 775,000 | 938,000 | 858,000 | 877,000 | 832,000 | 958,000 | 937,000 | 995,000 | 888,000 | 989,000 | 997,000 | 854,000 |
| Short-term investments | US$ in thousands | 160,000 | 6,942,000 | 225,000 | 231,000 | 179,000 | 247,000 | 267,000 | 7,764,000 | 175,000 | 208,000 | 120,000 | 58,000 | 34,000 | 100,000 | 70,000 | 62,000 | 37,000 | 80,000 | 25,000 | 43,000 |
| Receivables | US$ in thousands | 1,521,000 | 1,712,000 | 1,825,000 | 1,813,000 | 1,586,000 | 1,577,000 | 1,656,000 | 1,590,000 | 1,504,000 | 1,425,000 | 1,490,000 | 1,532,000 | 1,297,000 | 1,424,000 | 1,443,000 | 1,402,000 | 1,264,000 | 1,292,000 | 1,231,000 | 1,551,000 |
| 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 |
| Quick ratio | 0.48 | 1.78 | 0.59 | 0.59 | 0.58 | 0.60 | 0.59 | 2.30 | 0.61 | 0.57 | 0.56 | 0.54 | 0.53 | 0.58 | 0.58 | 0.54 | 0.50 | 0.53 | 0.49 | 0.55 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,096,000K
+ $160,000K
+ $1,521,000K)
÷ $5,759,000K
= 0.48
The quick ratio of Colgate-Palmolive Company has exhibited fluctuations over the analyzed period. It started at a relatively low level of 0.55 as of March 31, 2020 and experienced some variability before reaching a peak of 2.30 on March 31, 2023. Such a significant surge could be indicative of certain anomalies or irregularities in the financial statements for that period. After this outlier, the quick ratio stabilized around the range of 0.50 to 0.60, with minor deviations, suggesting a more consistent liquidity position. However, it is essential to investigate the reasons behind the sudden spike on March 31, 2023, as it might impact the overall interpretation of the company's liquidity management.
Peer comparison
Dec 31, 2024