Ecolab Inc (ECL)

Quick 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
Cash US$ in thousands 919,500 1,001,300 554,200 419,400 598,600 112,900 124,900 99,400 359,900 897,900 1,402,400 1,189,500 1,260,200 1,034,700 1,369,000 1,661,900 118,800 135,900 85,700 79,000
Short-term investments US$ in thousands 67,600
Receivables US$ in thousands 3,021,100 3,018,100 2,995,400 2,873,500 2,882,200 2,880,400 2,826,700 2,662,100 2,629,700 2,542,100 2,496,100 2,451,000 2,442,400 2,505,600 2,380,100 3,006,100 2,930,200 2,877,400 2,904,900 2,831,600
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
Quick ratio 0.91 0.87 0.79 0.73 0.83 0.79 0.78 0.76 0.84 1.19 1.35 1.28 1.26 1.14 1.16 1.10 0.86 0.77 0.72 0.70

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($919,500K + $—K + $3,021,100K) ÷ $4,345,800K
= 0.91

The quick ratio of Ecolab, Inc. has displayed some fluctuations over the past eight quarters. It has ranged from 0.79 to 0.95. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.

In general, a higher quick ratio is desirable as it signifies a stronger ability to cover short-term obligations. Ecolab's quick ratio has shown improvement in the most recent quarter, reaching 0.95, which indicates a positive trend in the company's short-term liquidity position. However, it is important to monitor this ratio over time to ensure it remains at a satisfactory level to meet upcoming financial commitments.


Peer comparison

Dec 31, 2023


See also:

Ecolab Inc Quick Ratio (Quarterly Data)