Ecolab Inc (ECL)

Current ratio

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 Jun 30, 2019 Mar 31, 2019
Total current assets US$ in thousands 5,644,100 5,789,400 5,436,500 5,272,800 5,494,200 5,099,300 4,905,000 4,604,500 4,687,100 4,986,800 5,487,400 5,150,000 5,117,400 4,992,000 5,166,200 6,437,100 4,828,400 4,870,100 4,853,500 4,751,000
Total current liabilities US$ in thousands 4,345,800 4,600,500 4,467,500 4,489,600 4,210,400 3,772,300 3,806,000 3,631,300 3,553,200 2,894,500 2,880,300 2,852,200 2,932,200 3,106,400 3,227,700 4,257,400 3,630,600 3,919,500 4,127,700 4,156,000
Current ratio 1.30 1.26 1.22 1.17 1.30 1.35 1.29 1.27 1.32 1.72 1.91 1.81 1.75 1.61 1.60 1.51 1.33 1.24 1.18 1.14

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 shown some fluctuation over the past eight quarters. In Q4 2023, the current ratio was 1.30, which indicates that the company had $1.30 in current assets for every $1 in current liabilities. This ratio has been relatively stable around the 1.30 mark for the last two quarters, suggesting a strong ability to meet short-term obligations.

Although the current ratio decreased slightly in Q3 and Q2 2023 to 1.26 and 1.22, respectively, it remained above 1. This indicates that Ecolab had sufficient current assets to cover its current liabilities during these periods. However, there was a slight downward trend in the ratio during this time frame.

In contrast, in Q1 2023, the current ratio dropped to 1.17, the lowest level in the given period, which may indicate a potential liquidity challenge in meeting short-term obligations. This could be a cause for concern and warrants further investigation into the company's liquidity position and management of current assets and liabilities.

Looking back to Q4 2022, the current ratio was the same as Q4 2023 at 1.30, suggesting that the company's liquidity position had been relatively stable over these two quarters. Overall, while Ecolab has generally maintained a current ratio above 1 in the past eight quarters, the slight fluctuations observed in certain periods highlight the importance of continuous monitoring of liquidity for the company.


Peer comparison

Dec 31, 2023


See also:

Ecolab Inc Current Ratio (Quarterly Data)