The Clorox Company (CLX)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 202,000 | 219,000 | 355,000 | 518,000 | 367,000 | 242,000 | 168,000 | 278,000 | 183,000 | 241,000 | 192,000 | 210,000 | 319,000 | 492,000 | 732,000 | 860,000 | 871,000 | 496,000 | 168,000 | 150,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 4,000 | — | 63,000 | 24,000 | 26,000 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,574,000 | 1,846,000 | 2,022,000 | 2,228,000 | 1,917,000 | 1,996,000 | 1,878,000 | 2,010,000 | 1,784,000 | 2,643,000 | 2,596,000 | 2,639,000 | 2,056,000 | 1,819,000 | 1,738,000 | 1,516,000 | 1,418,000 | 1,794,000 | 1,513,000 | 1,458,000 |
| Cash ratio | 0.13 | 0.12 | 0.18 | 0.23 | 0.19 | 0.12 | 0.09 | 0.14 | 0.10 | 0.12 | 0.08 | 0.09 | 0.16 | 0.27 | 0.42 | 0.57 | 0.61 | 0.28 | 0.11 | 0.10 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($202,000K
+ $—K)
÷ $1,574,000K
= 0.13
The cash ratio of The Clorox Company has varied over the periods indicated in the table. The cash ratio measures the company's ability to cover its current liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger short-term liquidity position.
From Dec 2019 to Sep 2020, the cash ratio ranged from 0.10 to 0.61, showing some fluctuations. The ratio peaked at 0.61 on Sep 30, 2020, indicating that the company had a significant amount of cash and cash equivalents relative to its current liabilities at that time.
However, in the subsequent periods, the cash ratio decreased, reaching its lowest point of 0.08 on Dec 31, 2021. This suggests that the company may have had less cash on hand relative to its short-term obligations during that period.
The cash ratio improved in the following quarters, with the ratio ranging from 0.09 to 0.27 from Mar 31, 2022, to Mar 31, 2023. This indicates that The Clorox Company had a better liquidity position during this time frame.
The most recent data available shows a cash ratio of 0.13 on Jun 30, 2024, which is slightly higher compared to the previous quarter. Overall, the analysis of The Clorox Company's cash ratio implies that the company has managed its liquidity well, maintaining a sufficient level of cash reserves to cover its short-term obligations, with some fluctuations observed over the periods.