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