Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Analysis of Liquidity Ratios

Microsoft Excel

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


Liquidity Ratios (Summary)

Colgate-Palmolive Co., liquidity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current ratio 1.28 1.09 0.99 1.03 1.14
Quick ratio 0.57 0.53 0.49 0.58 0.64
Cash ratio 0.19 0.21 0.20 0.22 0.22

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Colgate-Palmolive Co. current ratio improved from 2020 to 2021 and from 2021 to 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Colgate-Palmolive Co. quick ratio improved from 2020 to 2021 and from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Colgate-Palmolive Co. cash ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Current Ratio

Colgate-Palmolive Co., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current assets 5,113 4,397 4,338 4,179 3,793
Current liabilities 4,004 4,051 4,404 4,038 3,341
Liquidity Ratio
Current ratio1 1.28 1.09 0.99 1.03 1.14
Benchmarks
Current Ratio, Competitors2
Procter & Gamble Co. 0.65 0.70 0.85 0.75 0.83
Current Ratio, Industry
Consumer Staples 0.89 0.93 0.90 0.80

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,113 ÷ 4,004 = 1.28

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. Colgate-Palmolive Co. current ratio improved from 2020 to 2021 and from 2021 to 2022.

Quick Ratio

Colgate-Palmolive Co., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 775 832 888 883 726
Receivables, net of allowances 1,504 1,297 1,264 1,440 1,400
Total quick assets 2,279 2,129 2,152 2,323 2,126
 
Current liabilities 4,004 4,051 4,404 4,038 3,341
Liquidity Ratio
Quick ratio1 0.57 0.53 0.49 0.58 0.64
Benchmarks
Quick Ratio, Competitors2
Procter & Gamble Co. 0.37 0.45 0.62 0.51 0.59
Quick Ratio, Industry
Consumer Staples 0.39 0.43 0.46 0.36

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,279 ÷ 4,004 = 0.57

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. Colgate-Palmolive Co. quick ratio improved from 2020 to 2021 and from 2021 to 2022.

Cash Ratio

Colgate-Palmolive Co., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 775 832 888 883 726
Total cash assets 775 832 888 883 726
 
Current liabilities 4,004 4,051 4,404 4,038 3,341
Liquidity Ratio
Cash ratio1 0.19 0.21 0.20 0.22 0.22
Benchmarks
Cash Ratio, Competitors2
Procter & Gamble Co. 0.22 0.31 0.49 0.34 0.42
Cash Ratio, Industry
Consumer Staples 0.24 0.30 0.32 0.23

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 775 ÷ 4,004 = 0.19

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. Colgate-Palmolive Co. cash ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.