Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Analysis of Liquidity Ratios 
Quarterly Data

Microsoft Excel

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


Liquidity Ratios (Summary)

Procter & Gamble Co., liquidity ratios (quarterly data)

Microsoft Excel
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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Current ratio 0.75 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 0.75 0.79 0.78 0.80
Quick ratio 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 0.62 0.61 0.38 0.48 0.51 0.53 0.55 0.56
Cash ratio 0.33 0.28 0.21 0.22 0.26 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-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Procter & Gamble Co. current ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Procter & Gamble Co. quick ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Procter & Gamble Co. cash ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Current Ratio

Procter & Gamble Co., current ratio calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Selected Financial Data (US$ in millions)
Current assets 27,449 24,709 22,458 23,111 24,940 22,648 22,305 21,866 22,521 21,653 23,416 25,545 24,336 23,091 22,608 24,655 26,026 27,987 27,140 18,917 21,925 22,473 22,312 24,431 23,346
Current liabilities 36,420 33,627 32,340 35,950 37,158 35,756 38,030 38,746 36,618 33,081 34,401 38,027 36,589 33,132 32,016 31,744 30,008 32,976 32,896 30,164 30,253 30,011 28,370 31,247 29,220
Liquidity Ratio
Current ratio1 0.75 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 0.75 0.79 0.78 0.80

Based on: 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 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).

1 Q1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 27,449 ÷ 36,420 = 0.75

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Procter & Gamble Co. current ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Quick Ratio

Procter & Gamble Co., quick ratio calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 12,156 9,482 6,828 7,890 9,733 8,246 7,596 6,854 6,710 7,214 8,526 11,544 10,370 10,288 10,007 11,941 13,392 16,181 15,393 6,279 9,304 4,239 2,738 3,696 2,545
Available-for-sale investment securities 6,048 7,085 8,421 8,708
Accounts receivable 6,314 6,118 6,124 6,334 6,215 5,471 5,471 5,767 5,720 5,143 5,513 5,241 5,662 4,725 4,861 4,819 5,043 4,178 4,640 5,196 5,143 4,951 5,198 5,055 5,035
Total quick assets 18,470 15,600 12,952 14,224 15,948 13,717 13,067 12,621 12,430 12,357 14,039 16,785 16,032 15,013 14,868 16,760 18,435 20,359 20,033 11,475 14,447 15,238 15,021 17,172 16,288
 
Current liabilities 36,420 33,627 32,340 35,950 37,158 35,756 38,030 38,746 36,618 33,081 34,401 38,027 36,589 33,132 32,016 31,744 30,008 32,976 32,896 30,164 30,253 30,011 28,370 31,247 29,220
Liquidity Ratio
Quick ratio1 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 0.62 0.61 0.38 0.48 0.51 0.53 0.55 0.56

Based on: 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 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).

1 Q1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 18,470 ÷ 36,420 = 0.51

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Procter & Gamble Co. quick ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.

Cash Ratio

Procter & Gamble Co., cash ratio calculation (quarterly data)

Microsoft Excel
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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 12,156 9,482 6,828 7,890 9,733 8,246 7,596 6,854 6,710 7,214 8,526 11,544 10,370 10,288 10,007 11,941 13,392 16,181 15,393 6,279 9,304 4,239 2,738 3,696 2,545
Available-for-sale investment securities 6,048 7,085 8,421 8,708
Total cash assets 12,156 9,482 6,828 7,890 9,733 8,246 7,596 6,854 6,710 7,214 8,526 11,544 10,370 10,288 10,007 11,941 13,392 16,181 15,393 6,279 9,304 10,287 9,823 12,117 11,253
 
Current liabilities 36,420 33,627 32,340 35,950 37,158 35,756 38,030 38,746 36,618 33,081 34,401 38,027 36,589 33,132 32,016 31,744 30,008 32,976 32,896 30,164 30,253 30,011 28,370 31,247 29,220
Liquidity Ratio
Cash ratio1 0.33 0.28 0.21 0.22 0.26 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-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 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).

1 Q1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 12,156 ÷ 36,420 = 0.33

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Procter & Gamble Co. cash ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.