Procter & Gamble Company (PG)
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 | 9,556,000 | 9,116,000 | 10,230,000 | 12,156,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 6,185,000 | 6,139,000 | 6,234,000 | 6,314,000 | 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 |
| Total current liabilities | US$ in thousands | 36,058,000 | 34,248,000 | 33,797,000 | 36,420,000 | 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 |
| Quick ratio | 0.44 | 0.45 | 0.49 | 0.51 | 0.46 | 0.40 | 0.40 | 0.43 | 0.38 | 0.34 | 0.33 | 0.34 | 0.37 | 0.41 | 0.44 | 0.44 | 0.45 | 0.46 | 0.53 | 0.61 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,556,000K
+ $—K
+ $6,185,000K)
÷ $36,058,000K
= 0.44
The Procter & Gamble Company's quick ratio has exhibited a general trend of fluctuation over the period from September 2020 to June 2025. Beginning at 0.61 in September 2020, the ratio demonstrates a gradual decline throughout 2021 and into early 2022, reaching a low of approximately 0.33 in December 2022. This indicates a diminishing liquidity position in terms of readily available assets relative to current liabilities during that timeframe.
After reaching the trough in December 2022, the quick ratio appears to stabilize somewhat, remaining around 0.34 to 0.38 through 2023. Notably, starting in September 2024, the ratio shows an upward movement, reaching approximately 0.51 by September 2024. This increase suggests an improvement in liquidity, potentially due to increased quick assets or decreased current liabilities.
Throughout the entire period, the quick ratio remains below 1.0, which generally indicates that the company has less liquid assets available to cover its current liabilities without relying on inventory sales. The upward trend in recent periods suggests a strengthening in liquidity position, albeit still below the ideal benchmark of 1.0, reflecting cautious liquidity management.
Overall, the data reveals that the company experienced a decline in relative liquidity over the first two years, followed by a period of stabilization and subsequent improvement in liquidity levels. This pattern could reflect strategic changes in asset management, operational adjustments, or shifts in liabilities structure, emphasizing the importance of ongoing monitoring to assess liquidity health.