Current Ratio
since 2005
Calculation
Estée Lauder Cos. Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1.46 | = | 9,139) | ÷ | 6,240) |
| Jun 30, 2022 | 1.60 | = | 9,298) | ÷ | 5,815) |
| Jun 30, 2021 | 1.84 | = | 9,768) | ÷ | 5,298) |
| Jun 30, 2020 | 1.72 | = | 8,892) | ÷ | 5,179) |
| Jun 30, 2019 | 1.57 | = | 7,212) | ÷ | 4,605) |
| Jun 30, 2018 | 1.86 | = | 6,168) | ÷ | 3,310) |
| Jun 30, 2017 | 1.76 | = | 4,964) | ÷ | 2,823) |
| Jun 30, 2016 | 1.58 | = | 4,225) | ÷ | 2,681) |
| Jun 30, 2015 | 2.09 | = | 4,469) | ÷ | 2,136) |
| Jun 30, 2014 | 2.35 | = | 4,825) | ÷ | 2,057) |
| Jun 30, 2013 | 2.22 | = | 4,297) | ÷ | 1,935) |
| Jun 30, 2012 | 1.81 | = | 3,855) | ÷ | 2,126) |
| Jun 30, 2011 | 1.90 | = | 3,687) | ÷ | 1,943) |
| Jun 30, 2010 | 1.99 | = | 3,121) | ÷ | 1,572) |
| Jun 30, 2009 | 2.00 | = | 2,913) | ÷ | 1,459) |
| Jun 30, 2008 | 1.64 | = | 2,787) | ÷ | 1,699) |
| Jun 30, 2007 | 1.49 | = | 2,239) | ÷ | 1,501) |
| Jun 30, 2006 | 1.51 | = | 2,177) | ÷ | 1,438) |
| Jun 30, 2005 | 1.54 | = | 2,303) | ÷ | 1,498) |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
The liquidity position from 2005 to 2023 is characterized by a significant expansion of the balance sheet, with current assets and current liabilities both experiencing substantial growth. While current assets increased nearly fourfold over the period, the current ratio exhibited a cyclical pattern, peaking in the mid-2010s before returning to levels comparable to those observed in the mid-2000s.
- Asset and Liability Expansion
- Current assets rose from 2,303 million US dollars in 2005 to a peak of 9,768 million US dollars in 2021, before settling at 9,139 million US dollars in 2023. Parallel to this, current liabilities grew from 1,498 million US dollars in 2005 to 6,240 million US dollars in 2023. This expansion indicates a larger scale of operations and a corresponding increase in short-term financial obligations.
- Liquidity Peak and Trend Shift
- The current ratio showed a steady upward trajectory between 2008 and 2014, reaching a maximum of 2.35. This period represents the strongest liquidity position in the analyzed timeframe, suggesting a high capacity to cover short-term obligations. Following 2014, a general downward trend occurred, with the ratio declining to 1.46 by 2023.
- Recent Liquidity Fluctuations
- Between 2016 and 2022, the current ratio fluctuated between 1.57 and 1.84. The most recent figures indicate a compression of the liquidity margin, as the 2023 ratio of 1.46 is the lowest recorded value since 2007, reflecting a tighter relationship between current assets and current liabilities.
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Comparison to Competitors
Estée Lauder Cos. Inc., current ratio, long-term trends, comparison to competitors
| Estée Lauder Cos. Inc. | Procter & Gamble Co. | |
|---|---|---|
| Jun 30, 2023 | 1.46 | 0.63 |
| Jun 30, 2022 | 1.60 | 0.65 |
| Jun 30, 2021 | 1.84 | 0.70 |
| Jun 30, 2020 | 1.72 | 0.85 |
| Jun 30, 2019 | 1.57 | 0.75 |
| Jun 30, 2018 | 1.86 | 0.83 |
| Jun 30, 2017 | 1.76 | 0.88 |
| Jun 30, 2016 | 1.58 | 1.10 |
| Jun 30, 2015 | 2.09 | 1.00 |
| Jun 30, 2014 | 2.35 | 0.94 |
| Jun 30, 2013 | 2.22 | 0.80 |
| Jun 30, 2012 | 1.81 | 0.88 |
| Jun 30, 2011 | 1.90 | 0.80 |
| Jun 30, 2010 | 1.99 | 0.77 |
| Jun 30, 2009 | 2.00 | 0.71 |
| Jun 30, 2008 | 1.64 | 0.79 |
| Jun 30, 2007 | 1.49 | 0.78 |
| Jun 30, 2006 | 1.51 | 1.22 |
| Jun 30, 2005 | 1.54 | 0.81 |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Consumer Staples)
Estée Lauder Cos. Inc., current ratio, long-term trends, comparison to industry (consumer staples)
| Estée Lauder Cos. Inc. | Consumer Staples | |
|---|---|---|
| Jun 30, 2023 | 1.46 | 0.84 |
| Jun 30, 2022 | 1.60 | 0.87 |
| Jun 30, 2021 | 1.84 | 0.93 |
| Jun 30, 2020 | 1.72 | 0.92 |
| Jun 30, 2019 | 1.57 | 0.82 |
| Jun 30, 2018 | 1.86 | 0.87 |
| Jun 30, 2017 | 1.76 | 1.02 |
| Jun 30, 2016 | 1.58 | 1.04 |
| Jun 30, 2015 | 2.09 | 1.06 |
| Jun 30, 2014 | 2.35 | 0.97 |
| Jun 30, 2013 | 2.22 | 0.97 |
| Jun 30, 2012 | 1.81 | 0.99 |
| Jun 30, 2011 | 1.90 | 0.97 |
| Jun 30, 2010 | 1.99 | 1.01 |
| Jun 30, 2009 | 2.00 | 1.03 |
| Jun 30, 2008 | 1.64 | 0.98 |
| Jun 30, 2007 | 1.49 | 0.91 |
| Jun 30, 2006 | 1.51 | 1.04 |
| Jun 30, 2005 | 1.54 | 0.99 |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).