Unilever N.V. (UN)

Ratios (Summary)

Unilever N.V., liquidity ratios

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Current ratio	0.77	0.80	0.92	0.93	0.81
Quick ratio	0.43	0.49	0.47	0.57	0.48
Cash ratio	0.18	0.28	0.21	0.31	0.23

Source: Based on data from Unilever N.V. Annual Reports

Ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Unilever N.V.'s current ratio deteriorated from 2010 to 2011 and from 2011 to 2012.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Unilever N.V.'s quick ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Unilever N.V.'s cash ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Selected Financial Data (USD $ in millions, translated from EUR €)
Current assets	16,017	18,540	16,566	15,495	15,555
Current liabilities	20,853	23,260	18,055	16,625	19,209
Current Ratio, Comparison to Industry
Unilever N.V.¹	0.77	0.80	0.92	0.93	0.81
Industry, Consumer Goods	1.10	1.10	1.20	1.10	1.07

Source: Based on data from Unilever N.V. Annual Reports

2012 Calculations

¹ Current ratio = Current assets ÷ Current liabilities
= 16,017 ÷ 20,853 = 0.77

Ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Unilever N.V.'s current ratio deteriorated from 2010 to 2011 and from 2011 to 2012.

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Selected Financial Data (USD $ in millions, translated from EUR €)
Trade receivables	3,683	3,758	3,372	3,317	3,881
Other receivables	1,443	1,330	1,290	922	912
Cash and cash equivalents	3,250	4,520	3,073	3,787	3,565
Other financial assets	529	1,885	730	1,393	880
Total quick assets	8,904	11,493	8,465	9,418	9,237
Current liabilities	20,853	23,260	18,055	16,625	19,209
Quick Ratio, Comparison to Industry
Unilever N.V.¹	0.43	0.49	0.47	0.57	0.48
Industry, Consumer Goods	0.74	0.75	0.82	0.70	0.69

Source: Based on data from Unilever N.V. Annual Reports

2012 Calculations

¹ Quick ratio = Total quick assets ÷ Current liabilities
= 8,904 ÷ 20,853 = 0.43

Ratio	Description	The company
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Unilever N.V.'s quick ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Selected Financial Data (USD $ in millions, translated from EUR €)
Cash and cash equivalents	3,250	4,520	3,073	3,787	3,565
Other financial assets	529	1,885	730	1,393	880
Total cash assets	3,779	6,405	3,803	5,180	4,445
Current liabilities	20,853	23,260	18,055	16,625	19,209
Cash Ratio, Comparison to Industry
Unilever N.V.¹	0.18	0.28	0.21	0.31	0.23
Industry, Consumer Goods	0.30	0.33	0.35	0.28	0.23

Source: Based on data from Unilever N.V. Annual Reports

2012 Calculations

¹ Cash ratio = Total cash assets ÷ Current liabilities
= 3,779 ÷ 20,853 = 0.18

Ratio	Description	The company
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Unilever N.V.'s cash ratio improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.