Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 18, 2023.

Current Ratio
since 2005

Microsoft Excel

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Calculation

Estée Lauder Cos. Inc., current ratio, long-term trends, calculation

Microsoft Excel

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


Current Assets Trend
Current assets demonstrate a general upward trend from 2005 to 2023. Starting at 2,303 million USD in 2005, the amount gradually increased with minor fluctuations, peaking at 9,768 million USD in 2021 before declining slightly to 9,298 million USD in 2022 and further to 9,139 million USD in 2023. The increase is relatively steady, with significant growth observed particularly after 2014.
Current Liabilities Trend
Current liabilities also show a rising pattern over the analyzed period. Beginning at 1,498 million USD in 2005, liability amounts fluctuate in the earlier years but trend upward significantly from 2013 onwards. The peak occurs in 2023 at 6,240 million USD, indicating an increase in short-term obligations in line with the rise in current assets.
Current Ratio Analysis
The current ratio exhibits variability across the years, reflecting changing liquidity positions. Starting at 1.54 in 2005, the ratio increased to a high of 2.35 in 2014, suggesting improved short-term financial health during that period. However, after 2014, the ratio generally trends downward, falling to 1.46 by 2023. This decline may indicate relatively faster growth in current liabilities compared to current assets, potentially signaling a tightening in liquidity.
Overall Financial Insight
Both current assets and current liabilities have increased substantially over the 18-year period, with current liabilities increasing at a comparatively faster pace in recent years, evidenced by the declining current ratio post-2014. While the company maintained a strong liquidity position mid-period (notably around 2013–2014), the subsequent decrease in the current ratio suggests increased short-term obligations relative to liquid assets. This trend should be monitored to ensure adequate short-term financial resilience.

Comparison to Competitors


Comparison to Industry (Consumer Staples)

Estée Lauder Cos. Inc., current ratio, long-term trends, comparison to industry (consumer staples)

Microsoft Excel

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).