Procter & Gamble Company (PG)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 6,118,000 | 6,124,000 | 6,334,000 | 6,215,000 | 5,471,000 | 5,471,000 | 5,767,000 | 5,720,000 | 5,143,000 | 5,513,000 | 5,241,000 | 5,662,000 | 4,725,000 | 4,861,000 | 4,819,000 | 5,043,000 | 4,178,000 | 4,640,000 | 5,196,000 | 5,143,000 |
| 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 |
| Quick ratio | 0.46 | 0.40 | 0.40 | 0.43 | 0.38 | 0.35 | 0.33 | 0.34 | 0.38 | 0.41 | 0.44 | 0.44 | 0.46 | 0.47 | 0.53 | 0.61 | 0.62 | 0.61 | 0.38 | 0.48 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,482,000K
+ $—K
+ $6,118,000K)
÷ $33,627,000K
= 0.46
The quick ratio of Procter & Gamble Company has shown some fluctuations over the past few quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
From the data provided, we can see that the quick ratio has ranged from 0.33 to 0.62 over the past few years. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
In the most recent quarter, Jun 30, 2024, the quick ratio was 0.46, which suggests that the company may still have some challenges in meeting its short-term obligations. However, it is worth noting that the quick ratio has been relatively stable around the 0.40 to 0.46 range in recent quarters.
It is important for investors and stakeholders to monitor the trend of the quick ratio over time to assess the company's liquidity position and ability to cover its short-term liabilities.
Peer comparison
Jun 30, 2024