The Clorox Company (CLX)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 167,000 | 202,000 | 367,000 | 183,000 | 319,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 821,000 | 695,000 | 688,000 | 681,000 | 604,000 |
| Total current liabilities | US$ in thousands | 1,919,000 | 1,574,000 | 1,917,000 | 1,784,000 | 2,056,000 |
| Quick ratio | 0.51 | 0.57 | 0.55 | 0.48 | 0.45 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($167,000K
+ $—K
+ $821,000K)
÷ $1,919,000K
= 0.51
The Clorox Company’s quick ratio has exhibited a gradual upward trend over the period from June 30, 2021, to June 30, 2025. Specifically, the quick ratio increased from 0.45 in 2021 to 0.48 in 2022, signifying a modest improvement in the company’s liquidity position. This upward movement continued through 2023 and 2024, with the ratio reaching 0.55 and subsequently 0.57, indicating an increasing proportion of liquid assets relative to current liabilities. However, by June 30, 2025, the ratio experienced a slight decline to 0.51, although it remained higher than the 2021 baseline.
Overall, the trajectory of the quick ratio suggests that The Clorox Company has been incrementally enhancing its liquidity buffer over the period, reflecting improved ability to meet short-term obligations with its most liquid assets. The ratios remain below 1 throughout the period, indicating that current liabilities are generally not fully covered by quick assets, which is typical for many consumer goods firms and can imply a reliance on other working capital components or ongoing operations to sustain liquidity needs. The steady increase demonstrates prudent liquidity management, although the ratios also suggest a continued cautious approach to liquidity, emphasizing the importance of maintaining liquid asset levels relative to liabilities.