The Clorox Company (CLX)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 695,000 | 673,000 | 679,000 | 581,000 | 688,000 | 678,000 | 600,000 | 612,000 | 681,000 | 660,000 | 569,000 | 654,000 | 604,000 | 643,000 | 616,000 | 685,000 | 648,000 | 726,000 | 544,000 | 556,000 |
| 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 |
| Quick ratio | 0.57 | 0.48 | 0.51 | 0.49 | 0.55 | 0.46 | 0.41 | 0.44 | 0.48 | 0.36 | 0.30 | 0.34 | 0.45 | 0.62 | 0.78 | 1.02 | 1.07 | 0.68 | 0.47 | 0.48 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($202,000K
+ $—K
+ $695,000K)
÷ $1,574,000K
= 0.57
The quick ratio of The Clorox Company has fluctuated over the past few quarters, ranging from 0.30 to 1.07. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent quarter, as of June 30, 2024, the quick ratio was 0.57. This implies that for every $1 of current liabilities, the company has $0.57 in highly liquid assets to cover those obligations. While the quick ratio has improved from the previous quarter, it remains below 1, suggesting some level of liquidity risk.
It is worth noting that the quick ratio has been quite volatile in recent periods, indicating potential fluctuations in the company's liquidity position. Investors and analysts may want to closely monitor The Clorox Company's quick ratio trend over time to assess its short-term liquidity and ability to meet financial obligations promptly.