Current Ratio
since 2005
Calculation
Procter & Gamble Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 30, 2025 | 0.70 | = | 25,392) | ÷ | 36,058) |
| Jun 30, 2024 | 0.73 | = | 24,709) | ÷ | 33,627) |
| Jun 30, 2023 | 0.63 | = | 22,648) | ÷ | 35,756) |
| Jun 30, 2022 | 0.65 | = | 21,653) | ÷ | 33,081) |
| Jun 30, 2021 | 0.70 | = | 23,091) | ÷ | 33,132) |
| Jun 30, 2020 | 0.85 | = | 27,987) | ÷ | 32,976) |
| Jun 30, 2019 | 0.75 | = | 22,473) | ÷ | 30,011) |
| Jun 30, 2018 | 0.83 | = | 23,320) | ÷ | 28,237) |
| Jun 30, 2017 | 0.88 | = | 26,494) | ÷ | 30,210) |
| Jun 30, 2016 | 1.10 | = | 33,782) | ÷ | 30,770) |
| Jun 30, 2015 | 1.00 | = | 29,646) | ÷ | 29,790) |
| Jun 30, 2014 | 0.94 | = | 31,617) | ÷ | 33,726) |
| Jun 30, 2013 | 0.80 | = | 23,990) | ÷ | 30,037) |
| Jun 30, 2012 | 0.88 | = | 21,910) | ÷ | 24,907) |
| Jun 30, 2011 | 0.80 | = | 21,970) | ÷ | 27,293) |
| Jun 30, 2010 | 0.77 | = | 18,782) | ÷ | 24,282) |
| Jun 30, 2009 | 0.71 | = | 21,905) | ÷ | 30,901) |
| Jun 30, 2008 | 0.79 | = | 24,515) | ÷ | 30,958) |
| Jun 30, 2007 | 0.78 | = | 24,031) | ÷ | 30,717) |
| Jun 30, 2006 | 1.22 | = | 24,329) | ÷ | 19,985) |
| Jun 30, 2005 | 0.81 | = | 20,329) | ÷ | 25,039) |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 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 analysis of current assets reveals fluctuations over the years, starting at 20,329 million US dollars in mid-2005, increasing to a peak of 31,617 million in mid-2013, followed by a general decline and some moderate recovery phases. The value decreased notably after 2013, hitting a low point around 21,653 million US dollars in mid-2022, but showed slight improvement towards 25,392 million by mid-2025.
Current liabilities demonstrated considerable variability, initially standing at 25,039 million US dollars in mid-2005. There was a reduction until mid-2006 followed by marked increases and peaks, especially notable in 2007 and 2008, exceeding 30,000 million US dollars. A similar pattern of high liabilities persisted with fluctuations through subsequent years, reaching the highest figure of 35,756 million US dollars by mid-2023 before slightly decreasing again towards 36,058 million in 2025.
The current ratio, which measures short-term liquidity, has generally remained below 1 throughout the observed period, indicating that current liabilities often exceeded current assets. It started relatively low at 0.81 in 2005, improved to 1.22 in 2006 but then mostly hovered below 1 again in the following years. Despite some increases to 1.1 in 2016, the ratio declined afterward and dropped to its lowest at 0.63 in 2023. A slight recovery was noted in the final observed years, reaching a current ratio of 0.7 in 2025.
- Current Assets
- Showed an overall fluctuating trend with a peak in 2013 followed by a decline and modest recovery by 2025.
- Current Liabilities
- Experienced large variations especially during 2007-2008, maintaining high levels with continued fluctuations and a peak around 2023.
- Current Ratio
- Generally remained below the benchmark level of 1, indicating tighter liquidity constraints; short-term solvency weakened after 2016 with some improvement in later years.
Overall, the data suggest that while the company saw improvements in liquidity early on, it faced more pronounced challenges in managing current liabilities relative to current assets over the medium to long term. The current ratio's persistent low values indicate potential liquidity risks that may require continued monitoring and management focus.
Comparison to Industry (Consumer Staples)
Procter & Gamble Co., current ratio, long-term trends, comparison to industry (consumer staples)
| Procter & Gamble Co. | Consumer Staples | |
|---|---|---|
| Jun 30, 2025 | 0.70 | — |
| Jun 30, 2024 | 0.73 | 0.85 |
| Jun 30, 2023 | 0.63 | 0.84 |
| Jun 30, 2022 | 0.65 | 0.87 |
| Jun 30, 2021 | 0.70 | 0.93 |
| Jun 30, 2020 | 0.85 | 0.92 |
| Jun 30, 2019 | 0.75 | 0.82 |
| Jun 30, 2018 | 0.83 | 0.87 |
| Jun 30, 2017 | 0.88 | 1.02 |
| Jun 30, 2016 | 1.10 | 1.04 |
| Jun 30, 2015 | 1.00 | 1.06 |
| Jun 30, 2014 | 0.94 | 0.97 |
| Jun 30, 2013 | 0.80 | 0.97 |
| Jun 30, 2012 | 0.88 | 0.99 |
| Jun 30, 2011 | 0.80 | 0.97 |
| Jun 30, 2010 | 0.77 | 1.01 |
| Jun 30, 2009 | 0.71 | 1.03 |
| Jun 30, 2008 | 0.79 | 0.98 |
| Jun 30, 2007 | 0.78 | 0.91 |
| Jun 30, 2006 | 1.22 | 1.04 |
| Jun 30, 2005 | 0.81 | 0.99 |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 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).