Procter & Gamble Company (PG)

Current 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
Total current assets	US$ in thousands	24,709,000	22,458,000	23,111,000	24,940,000	22,648,000	22,305,000	21,866,000	22,521,000	21,653,000	23,416,000	25,545,000	24,336,000	23,091,000	22,608,000	24,655,000	26,026,000	27,987,000	27,140,000	18,917,000	21,925,000
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
Current ratio		0.73	0.69	0.64	0.67	0.63	0.59	0.56	0.62	0.65	0.68	0.67	0.67	0.70	0.71	0.78	0.87	0.85	0.83	0.63	0.72

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $24,709,000K ÷ $33,627,000K
= 0.73

The current ratio of Procter & Gamble Company has fluctuated over the past few quarters, ranging from 0.56 to 0.87. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

In recent quarters, the current ratio has shown a decreasing trend, dropping from 0.70 to 0.73 from the beginning to the end of the provided period. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets alone.

It is important for investors and analysts to closely monitor the current ratio trend over time to assess the company's liquidity position and its ability to cover its short-term obligations. Further analysis of the components of current assets and liabilities could provide insights into the factors driving the changes in the current ratio for Procter & Gamble Company.