Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Estée Lauder Cos. Inc., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Estée Lauder Cos. Inc. current ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Estée Lauder Cos. Inc. quick ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Estée Lauder Cos. Inc. cash ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Current Ratio
Estée Lauder Cos. Inc., current ratio calculation (quarterly data)
| 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 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Current assets | 9,139) | 11,247) | 9,367) | 8,866) | 9,298) | 9,500) | 9,955) | 9,486) | 9,768) | 10,997) | 10,291) | 8,795) | 8,892) | 9,233) | 8,348) | 7,022) | 7,212) | 7,160) | 6,440) | 6,249) | 6,168) | 6,169) | 5,975) | 5,507) | |||||||
| Current liabilities | 6,240) | 7,700) | 5,655) | 5,271) | 5,815) | 5,414) | 5,762) | 5,319) | 5,298) | 5,197) | 5,420) | 4,744) | 5,179) | 5,681) | 4,953) | 4,590) | 4,605) | 4,231) | 3,776) | 3,563) | 3,310) | 3,388) | 3,403) | 3,142) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Current ratio1 | 1.46 | 1.46 | 1.66 | 1.68 | 1.60 | 1.75 | 1.73 | 1.78 | 1.84 | 2.12 | 1.90 | 1.85 | 1.72 | 1.63 | 1.69 | 1.53 | 1.57 | 1.69 | 1.71 | 1.75 | 1.86 | 1.82 | 1.76 | 1.75 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 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 | 0.75 | 0.79 | 0.78 | 0.80 | — | — | — | — | |||||||
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 9,139 ÷ 6,240 = 1.46
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. | Estée Lauder Cos. Inc. current ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Quick Ratio
Estée Lauder Cos. Inc., quick ratio calculation (quarterly data)
| 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 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 4,029) | 5,531) | 3,725) | 2,938) | 3,957) | 3,836) | 4,603) | 3,995) | 4,958) | 6,399) | 5,545) | 4,267) | 5,022) | 4,876) | 3,596) | 2,259) | 2,987) | 2,902) | 1,876) | 1,443) | 2,181) | 2,140) | 2,105) | 1,444) | |||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 525) | 550) | 534) | 384) | 394) | 381) | |||||||
| Accounts receivable, net | 1,452) | 1,904) | 1,932) | 2,156) | 1,629) | 2,209) | 2,079) | 2,265) | 1,702) | 1,735) | 1,972) | 1,812) | 1,194) | 1,846) | 2,225) | 2,294) | 1,831) | 2,036) | 2,000) | 2,214) | 1,487) | 1,761) | 1,699) | 1,799) | |||||||
| Total quick assets | 5,481) | 7,435) | 5,657) | 5,094) | 5,586) | 6,045) | 6,682) | 6,260) | 6,660) | 8,134) | 7,517) | 6,079) | 6,216) | 6,722) | 5,821) | 4,553) | 4,818) | 4,938) | 4,401) | 4,207) | 4,202) | 4,285) | 4,198) | 3,624) | |||||||
| Current liabilities | 6,240) | 7,700) | 5,655) | 5,271) | 5,815) | 5,414) | 5,762) | 5,319) | 5,298) | 5,197) | 5,420) | 4,744) | 5,179) | 5,681) | 4,953) | 4,590) | 4,605) | 4,231) | 3,776) | 3,563) | 3,310) | 3,388) | 3,403) | 3,142) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Quick ratio1 | 0.88 | 0.97 | 1.00 | 0.97 | 0.96 | 1.12 | 1.16 | 1.18 | 1.26 | 1.57 | 1.39 | 1.28 | 1.20 | 1.18 | 1.18 | 0.99 | 1.05 | 1.17 | 1.17 | 1.18 | 1.27 | 1.26 | 1.23 | 1.15 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.38 | 0.34 | 0.33 | 0.34 | 0.37 | 0.41 | 0.44 | 0.44 | 0.45 | 0.46 | 0.53 | 0.61 | 0.62 | 0.61 | 0.38 | 0.48 | 0.51 | 0.53 | 0.55 | 0.56 | — | — | — | — | |||||||
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,481 ÷ 6,240 = 0.88
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. | Estée Lauder Cos. Inc. quick ratio deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Cash Ratio
Estée Lauder Cos. Inc., cash ratio calculation (quarterly data)
| 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 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 4,029) | 5,531) | 3,725) | 2,938) | 3,957) | 3,836) | 4,603) | 3,995) | 4,958) | 6,399) | 5,545) | 4,267) | 5,022) | 4,876) | 3,596) | 2,259) | 2,987) | 2,902) | 1,876) | 1,443) | 2,181) | 2,140) | 2,105) | 1,444) | |||||||
| Short-term investments | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 525) | 550) | 534) | 384) | 394) | 381) | |||||||
| Total cash assets | 4,029) | 5,531) | 3,725) | 2,938) | 3,957) | 3,836) | 4,603) | 3,995) | 4,958) | 6,399) | 5,545) | 4,267) | 5,022) | 4,876) | 3,596) | 2,259) | 2,987) | 2,902) | 2,401) | 1,993) | 2,715) | 2,524) | 2,499) | 1,825) | |||||||
| Current liabilities | 6,240) | 7,700) | 5,655) | 5,271) | 5,815) | 5,414) | 5,762) | 5,319) | 5,298) | 5,197) | 5,420) | 4,744) | 5,179) | 5,681) | 4,953) | 4,590) | 4,605) | 4,231) | 3,776) | 3,563) | 3,310) | 3,388) | 3,403) | 3,142) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Cash ratio1 | 0.65 | 0.72 | 0.66 | 0.56 | 0.68 | 0.71 | 0.80 | 0.75 | 0.94 | 1.23 | 1.02 | 0.90 | 0.97 | 0.86 | 0.73 | 0.49 | 0.65 | 0.69 | 0.64 | 0.56 | 0.82 | 0.74 | 0.73 | 0.58 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Procter & Gamble Co. | 0.23 | 0.20 | 0.18 | 0.18 | 0.22 | 0.25 | 0.30 | 0.28 | 0.31 | 0.31 | 0.38 | 0.45 | 0.49 | 0.47 | 0.21 | 0.31 | 0.34 | 0.35 | 0.39 | 0.39 | — | — | — | — | |||||||
Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).
1 Q4 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,029 ÷ 6,240 = 0.65
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. | Estée Lauder Cos. Inc. cash ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |