Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity ratios measure the company ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Linde plc, liquidity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current ratio 0.89 0.80 0.79 0.74 0.80
Quick ratio 0.67 0.61 0.61 0.55 0.59
Cash ratio 0.33 0.30 0.33 0.21 0.27

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Linde plc current ratio improved from 2022 to 2023 and from 2023 to 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Linde plc quick ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Linde plc cash ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Current Ratio

Linde plc, current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets 12,945 12,620 13,047 10,159 10,924
Current liabilities 14,544 15,717 16,479 13,643 13,740
Liquidity Ratio
Current ratio1 0.89 0.80 0.79 0.74 0.80
Benchmarks
Current Ratio, Competitors2
Sherwin-Williams Co. 0.79 0.83 0.99 0.88 1.00
Current Ratio, Sector
Chemicals 0.86 0.81 0.84 0.79 0.85
Current Ratio, Industry
Materials 1.18 1.14 1.20 1.19 1.14

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,945 ÷ 14,544 = 0.89

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Linde plc current ratio improved from 2022 to 2023 and from 2023 to 2024.

Quick Ratio

Linde plc, quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,850 4,664 5,436 2,823 3,754
Accounts receivable, net 4,622 4,718 4,559 4,499 4,167
Contract assets 263 196 124 134 162
Total quick assets 9,735 9,578 10,119 7,456 8,083
 
Current liabilities 14,544 15,717 16,479 13,643 13,740
Liquidity Ratio
Quick ratio1 0.67 0.61 0.61 0.55 0.59
Benchmarks
Quick Ratio, Competitors2
Sherwin-Williams Co. 0.38 0.41 0.46 0.44 0.50
Quick Ratio, Sector
Chemicals 0.58 0.55 0.57 0.52 0.57
Quick Ratio, Industry
Materials 0.68 0.71 0.80 0.78 0.71

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,735 ÷ 14,544 = 0.67

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Linde plc quick ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Cash Ratio

Linde plc, cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,850 4,664 5,436 2,823 3,754
Total cash assets 4,850 4,664 5,436 2,823 3,754
 
Current liabilities 14,544 15,717 16,479 13,643 13,740
Liquidity Ratio
Cash ratio1 0.33 0.30 0.33 0.21 0.27
Benchmarks
Cash Ratio, Competitors2
Sherwin-Williams Co. 0.03 0.04 0.03 0.03 0.05
Cash Ratio, Sector
Chemicals 0.24 0.22 0.25 0.15 0.22
Cash Ratio, Industry
Materials 0.37 0.39 0.48 0.44 0.35

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,850 ÷ 14,544 = 0.33

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Linde plc cash ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.