Procter & Gamble Company (PG)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 9,482,000 | 6,828,000 | 7,890,000 | 9,733,000 | 8,246,000 | 7,596,000 | 6,854,000 | 6,710,000 | 7,214,000 | 8,526,000 | 11,544,000 | 10,370,000 | 10,288,000 | 10,007,000 | 11,941,000 | 13,392,000 | 16,181,000 | 15,393,000 | 6,279,000 | 9,304,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 63,000 | 60,000 | 66,000 | 113,000 | 126,000 | 126,000 | 131,000 | 163,000 | 104,000 | — | — | 39,000 | — | — | — |
| Total current liabilities | US$ in thousands | 33,627,000 | 32,340,000 | 35,950,000 | 37,158,000 | 35,756,000 | 38,030,000 | 38,746,000 | 36,618,000 | 33,081,000 | 34,401,000 | 38,027,000 | 36,589,000 | 33,132,000 | 32,016,000 | 31,744,000 | 30,008,000 | 32,976,000 | 32,896,000 | 30,164,000 | 30,253,000 |
| Cash ratio | 0.28 | 0.21 | 0.22 | 0.26 | 0.23 | 0.20 | 0.18 | 0.19 | 0.22 | 0.25 | 0.31 | 0.29 | 0.32 | 0.32 | 0.38 | 0.45 | 0.49 | 0.47 | 0.21 | 0.31 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($9,482,000K
+ $—K)
÷ $33,627,000K
= 0.28
The cash ratio of Procter & Gamble Company has fluctuated over the past few quarters, ranging from a low of 0.18 to a high of 0.49. This ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations.
In general, Procter & Gamble's cash ratio seems to have improved over the last few quarters, with a noticeable increase from 0.18 in December 2022 to 0.49 in September 2020. This positive trend suggests that the company may have been more effective in managing its cash resources and strengthening its liquidity position during this period.
However, it's important to note that the cash ratio can vary depending on the industry and individual company circumstances. It is advisable for stakeholders to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of Procter & Gamble's financial health and liquidity position.
Peer comparison
Jun 30, 2024