Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

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


Liquidity Ratios (Summary)

Linde plc, liquidity ratios (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 0.80 0.83 0.78 0.73 0.79 0.74 0.74 0.84 0.74 0.81 0.71 0.74 0.80 0.83 0.80 0.74 0.85 0.90 1.02 1.35
Quick ratio 0.61 0.62 0.57 0.56 0.61 0.56 0.56 0.65 0.55 0.63 0.52 0.56 0.59 0.64 0.61 0.54 0.61 0.62 0.72 0.94
Cash ratio 0.30 0.27 0.23 0.28 0.33 0.25 0.24 0.31 0.21 0.32 0.21 0.27 0.27 0.35 0.33 0.26 0.22 0.19 0.26 0.52

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Linde plc current ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Linde plc quick ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Linde plc cash ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Current Ratio

Linde plc, current ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 12,620 11,737 11,411 12,904 13,047 11,203 11,272 12,257 10,159 12,007 10,446 11,132 10,924 12,265 12,073 11,513 10,352 9,812 10,681 15,088
Current liabilities 15,717 14,162 14,552 17,785 16,479 15,061 15,295 14,506 13,643 14,758 14,676 15,027 13,740 14,792 15,095 15,490 12,160 10,883 10,521 11,140
Liquidity Ratio
Current ratio1 0.80 0.83 0.78 0.73 0.79 0.74 0.74 0.84 0.74 0.81 0.71 0.74 0.80 0.83 0.80 0.74 0.85 0.90 1.02 1.35

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,620 ÷ 15,717 = 0.80

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Linde plc current ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023 not reaching Q2 2023 level.

Quick Ratio

Linde plc, quick ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,664 3,894 3,357 4,962 5,436 3,756 3,655 4,464 2,823 4,700 3,137 4,096 3,754 5,199 4,941 4,014 2,700 2,120 2,686 5,791
Accounts receivable, net 4,718 4,692 4,799 4,753 4,559 4,599 4,803 4,845 4,499 4,367 4,342 4,139 4,167 4,033 3,994 4,084 4,322 4,238 4,483 4,390
Contract assets 196 151 156 175 124 104 78 100 134 166 173 137 162 170 226 311 368 367 405 305
Total quick assets 9,578 8,737 8,312 9,890 10,119 8,459 8,536 9,409 7,456 9,233 7,652 8,372 8,083 9,402 9,161 8,409 7,390 6,725 7,574 10,486
 
Current liabilities 15,717 14,162 14,552 17,785 16,479 15,061 15,295 14,506 13,643 14,758 14,676 15,027 13,740 14,792 15,095 15,490 12,160 10,883 10,521 11,140
Liquidity Ratio
Quick ratio1 0.61 0.62 0.57 0.56 0.61 0.56 0.56 0.65 0.55 0.63 0.52 0.56 0.59 0.64 0.61 0.54 0.61 0.62 0.72 0.94

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,578 ÷ 15,717 = 0.61

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 quick ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.

Cash Ratio

Linde plc, cash ratio calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,664 3,894 3,357 4,962 5,436 3,756 3,655 4,464 2,823 4,700 3,137 4,096 3,754 5,199 4,941 4,014 2,700 2,120 2,686 5,791
Total cash assets 4,664 3,894 3,357 4,962 5,436 3,756 3,655 4,464 2,823 4,700 3,137 4,096 3,754 5,199 4,941 4,014 2,700 2,120 2,686 5,791
 
Current liabilities 15,717 14,162 14,552 17,785 16,479 15,061 15,295 14,506 13,643 14,758 14,676 15,027 13,740 14,792 15,095 15,490 12,160 10,883 10,521 11,140
Liquidity Ratio
Cash ratio1 0.30 0.27 0.23 0.28 0.33 0.25 0.24 0.31 0.21 0.32 0.21 0.27 0.27 0.35 0.33 0.26 0.22 0.19 0.26 0.52

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,664 ÷ 15,717 = 0.30

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Linde plc cash ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.