Estee Lauder Companies Inc (EL)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,921,000 | 2,631,000 | 2,586,000 | 2,350,000 | 3,395,000 | 3,701,000 | 3,939,000 | 3,090,000 | 4,029,000 | 5,531,000 | 3,725,000 | 2,938,000 | 3,957,000 | 3,836,000 | 4,603,000 | 3,995,000 | 4,958,000 | 6,399,000 | 5,545,000 | 4,267,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 1,000 | 5,000 | — | 24,000 | 10,000 | 6,000 | 9,000 | 15,000 | 7,000 | 11,000 | 13,000 |
| Receivables | US$ in thousands | 1,530,000 | 1,792,000 | 1,611,000 | 1,977,000 | 1,727,000 | 1,854,000 | 1,752,000 | 1,909,000 | 1,452,000 | 1,904,000 | 1,932,000 | 2,156,000 | 1,629,000 | 2,209,000 | 2,079,000 | 2,265,000 | 1,702,000 | 1,735,000 | 1,972,000 | 1,812,000 |
| Total current liabilities | US$ in thousands | 5,435,000 | 4,964,000 | 5,031,000 | 5,486,000 | 5,702,000 | 5,416,000 | 6,574,000 | 5,914,000 | 6,240,000 | 7,700,000 | 5,655,000 | 5,271,000 | 5,815,000 | 5,414,000 | 5,762,000 | 5,319,000 | 5,298,000 | 5,197,000 | 5,420,000 | 4,744,000 |
| Quick ratio | 0.82 | 0.89 | 0.83 | 0.79 | 0.90 | 1.03 | 0.87 | 0.85 | 0.88 | 0.97 | 1.00 | 0.97 | 0.96 | 1.12 | 1.16 | 1.18 | 1.26 | 1.57 | 1.39 | 1.28 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,921,000K
+ $—K
+ $1,530,000K)
÷ $5,435,000K
= 0.82
The quick ratio of Estee Lauder Companies Inc. has exhibited notable fluctuations over the analyzed period from September 2020 to June 2025. At the start of the period, on September 30, 2020, the ratio stood at 1.28, indicating a comfortable liquidity position where the company's most liquid assets exceeded current liabilities. This upward trend continued, reaching a peak of 1.57 as of March 31, 2021, emphasizing strong liquidity during that interval.
Subsequently, the ratio declined somewhat to 1.26 by June 30, 2021, and experienced a more steady decrease through the following quarters, dipping below 1.00 during the period ending June 30, 2022, where it registered at 0.96. The ratio remained near this level for several quarters, with minor fluctuations, and was recorded at 0.97 as of September 30, 2022, then slightly decreased to 1.00 in December 2022.
From early 2023 onward, the ratio declined further, reaching a low of 0.88 in June 2023 and 0.85 in September 2023. It then showed modest recovery, climbing to 0.87 in December 2023, and subsequently to 1.03 by March 2024. The ratio then declined again to 0.90 in June 2024 and continued a downward trend, reaching 0.79 in September 2024. It slightly increased again to 0.83 in December 2024 and maintained a stable level around 0.82–0.89 through to June 2025.
Overall, the company’s quick ratio has experienced periods of strength in 2020 and early 2021, suggesting high liquidity and ability to meet short-term obligations without relying on inventory. However, the subsequent downward trend starting mid-2021 indicates a reduction in liquid assets relative to current liabilities, reflecting potential tightening of liquidity or strategic shifts in asset management. Despite fluctuations, the ratio generally remains below or around 1.0, indicating that liquid assets are approximately equal to or slightly less than current liabilities, which is a typical characteristic of companies operating with efficient or slightly conservative liquidity management.
Peer comparison
Jun 30, 2025