Ecolab Inc (ECL)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	5,644,100	5,494,200	4,687,100	5,117,400	4,828,400
Total current liabilities	US$ in thousands	4,345,800	4,210,400	3,553,200	2,932,200	3,630,600
Current ratio		1.30	1.30	1.32	1.75	1.33

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,644,100K ÷ $4,345,800K
= 1.30

The current ratio of Ecolab, Inc. has been relatively stable over the past five years, ranging from 1.30 to 1.75. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong ability to meet its short-term obligations. The decrease in the current ratio from 1.75 in 2020 to 1.30 in 2023 may indicate a slight deterioration in the company's liquidity position. It is important to further analyze the components of current assets and liabilities to fully understand the factors influencing this ratio. Overall, the current ratio of Ecolab, Inc. appears to be within a reasonable range, but ongoing monitoring and analysis are recommended to ensure continued financial health.