Stock Analysis on Net
Stock Analysis on Net

Linde plc (NYSE:LIN)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity Ratios (Summary)

Linde plc, liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 0.80 0.74 0.85 0.90 1.02 1.35 1.33 0.86 0.96 0.94 0.99 1.11 1.02 1.34 1.16 1.34 1.33 1.60 1.39 1.28 1.26 1.17
Quick ratio 0.61 0.54 0.61 0.62 0.72 0.94 0.70 0.64 0.72 0.69 0.73 0.83 0.76 1.00 0.87 0.96 0.94 1.06 0.92 0.86 0.84 0.80
Cash ratio 0.33 0.26 0.22 0.19 0.26 0.52 0.34 0.16 0.15 0.15 0.19 0.21 0.18 0.23 0.21 0.26 0.23 0.12 0.08 0.06 0.06 0.05

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-03-02), 10-Q (filing date: 2019-11-12), 10-Q (filing date: 2019-08-09), 10-Q (filing date: 2019-05-10), 10-K (filing date: 2019-03-18), 10-Q (filing date: 2018-11-09), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Linde plc’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Linde plc’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Linde plc’s cash ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Current Ratio

Linde plc, current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 12,073  11,513  10,352  9,812  10,681  15,088  17,272  3,305  3,164  3,329  3,285  3,243  3,119  3,014  2,880  3,262  3,263  2,870  2,626  2,726  2,820  2,726 
Current liabilities 15,095  15,490  12,160  10,883  10,521  11,140  12,956  3,860  3,279  3,534  3,307  2,922  3,043  2,249  2,478  2,434  2,458  1,799  1,893  2,122  2,246  2,335 
Liquidity Ratio
Current ratio1 0.80 0.74 0.85 0.90 1.02 1.35 1.33 0.86 0.96 0.94 0.99 1.11 1.02 1.34 1.16 1.34 1.33 1.60 1.39 1.28 1.26 1.17
Benchmarks
Current Ratio, Competitors2
Air Products & Chemicals Inc. 2.59 2.59 2.54 2.28 2.36 2.21 2.17 2.40 3.08 2.92 2.36 2.20 2.03 1.21 1.31 0.92 0.79 0.78 0.80 1.06 1.01 1.05
Ecolab Inc. 1.60 1.51 1.33 1.24 1.18 1.14 1.27 1.34 1.27 1.15 1.34 1.23 1.05 1.02 1.42 1.00 0.97 1.01 0.93 1.31 1.12 1.19

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-03-02), 10-Q (filing date: 2019-11-12), 10-Q (filing date: 2019-08-09), 10-Q (filing date: 2019-05-10), 10-K (filing date: 2019-03-18), 10-Q (filing date: 2018-11-09), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).

1 Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,073 ÷ 15,095 = 0.80

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. Linde plc’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Quick Ratio

Linde plc, quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,941  4,014  2,700  2,120  2,686  5,791  4,466  600  479  545  617  607  535  519  524  627  567  221  147  136  136  117 
Accounts receivable, net 3,994  4,084  4,322  4,238  4,483  4,390  4,297  1,852  1,877  1,900  1,804  1,809  1,791  1,730  1,641  1,699  1,741  1,685  1,601  1,690  1,760  1,751 
Contract assets 226  311  368  367  405  305  283  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total quick assets 9,161  8,409  7,390  6,725  7,574  10,486  9,046  2,452  2,356  2,445  2,421  2,416  2,326  2,249  2,165  2,326  2,308  1,906  1,748  1,826  1,896  1,868 
 
Current liabilities 15,095  15,490  12,160  10,883  10,521  11,140  12,956  3,860  3,279  3,534  3,307  2,922  3,043  2,249  2,478  2,434  2,458  1,799  1,893  2,122  2,246  2,335 
Liquidity Ratio
Quick ratio1 0.61 0.54 0.61 0.62 0.72 0.94 0.70 0.64 0.72 0.69 0.73 0.83 0.76 1.00 0.87 0.96 0.94 1.06 0.92 0.86 0.84 0.80
Benchmarks
Quick Ratio, Competitors2
Air Products & Chemicals Inc. 2.00 2.03 2.02 1.87 1.93 1.82 1.79 2.00 2.54 2.38 1.95 1.83 1.72 0.59 0.90 0.57 0.44 0.44 0.44 0.57 0.51 0.56
Ecolab Inc. 1.12 1.06 0.82 0.73 0.69 0.67 0.75 0.80 0.74 0.69 0.81 0.73 0.63 0.61 0.88 0.61 0.59 0.61 0.52 0.74 0.63 0.68

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-03-02), 10-Q (filing date: 2019-11-12), 10-Q (filing date: 2019-08-09), 10-Q (filing date: 2019-05-10), 10-K (filing date: 2019-03-18), 10-Q (filing date: 2018-11-09), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).

1 Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,161 ÷ 15,095 = 0.61

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. Linde plc’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Cash Ratio

Linde plc, cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,941  4,014  2,700  2,120  2,686  5,791  4,466  600  479  545  617  607  535  519  524  627  567  221  147  136  136  117 
Total cash assets 4,941  4,014  2,700  2,120  2,686  5,791  4,466  600  479  545  617  607  535  519  524  627  567  221  147  136  136  117 
 
Current liabilities 15,095  15,490  12,160  10,883  10,521  11,140  12,956  3,860  3,279  3,534  3,307  2,922  3,043  2,249  2,478  2,434  2,458  1,799  1,893  2,122  2,246  2,335 
Liquidity Ratio
Cash ratio1 0.33 0.26 0.22 0.19 0.26 0.52 0.34 0.16 0.15 0.15 0.19 0.21 0.18 0.23 0.21 0.26 0.23 0.12 0.08 0.06 0.06 0.05
Benchmarks
Cash Ratio, Competitors2
Air Products & Chemicals Inc. 1.23 1.32 1.33 1.25 1.32 1.27 1.27 1.42 1.83 1.71 1.48 1.38 1.27 0.22 0.46 0.14 0.08 0.08 0.06 0.07 0.06 0.08
Ecolab Inc. 0.42 0.39 0.05 0.03 0.02 0.02 0.03 0.06 0.01 0.04 0.06 0.06 0.06 0.05 0.11 0.04 0.04 0.06 0.02 0.05 0.07 0.06

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-03-02), 10-Q (filing date: 2019-11-12), 10-Q (filing date: 2019-08-09), 10-Q (filing date: 2019-05-10), 10-K (filing date: 2019-03-18), 10-Q (filing date: 2018-11-09), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).

1 Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,941 ÷ 15,095 = 0.33

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. Linde plc’s cash ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.