Stock Analysis on Net
Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

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


Liquidity Ratios (Summary)

Procter & Gamble Co., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 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 Dec 31, 2014 Sep 30, 2014
Current ratio 0.87 0.85 0.83 0.63 0.72 0.75 0.79 0.78 0.80 0.83 0.91 0.94 0.91 0.88 0.89 0.89 1.09 1.10 1.09 1.13 1.13 1.00 0.99 0.97 0.91
Quick ratio 0.61 0.62 0.61 0.38 0.48 0.51 0.53 0.55 0.56 0.59 0.67 0.72 0.68 0.65 0.64 0.63 0.64 0.58 0.59 0.59 0.55 0.55 0.57 0.53 0.53
Cash ratio 0.45 0.49 0.47 0.21 0.31 0.34 0.35 0.39 0.39 0.42 0.51 0.57 0.52 0.50 0.49 0.47 0.49 0.43 0.44 0.45 0.40 0.39 0.41 0.36 0.34

Based on: 10-Q (filing date: 2020-10-20), 10-K (filing date: 2020-08-06), 10-Q (filing date: 2020-04-20), 10-Q (filing date: 2020-01-23), 10-Q (filing date: 2019-10-22), 10-K (filing date: 2019-08-06), 10-Q (filing date: 2019-04-23), 10-Q (filing date: 2019-01-23), 10-Q (filing date: 2018-10-19), 10-K (filing date: 2018-08-07), 10-Q (filing date: 2018-04-19), 10-Q (filing date: 2018-01-23), 10-Q (filing date: 2017-10-20), 10-K (filing date: 2017-08-07), 10-Q (filing date: 2017-04-26), 10-Q (filing date: 2017-01-20), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-09), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-Q (filing date: 2015-10-23), 10-K (filing date: 2015-08-07), 10-Q (filing date: 2015-04-23), 10-Q (filing date: 2015-01-27), 10-Q (filing date: 2014-10-24).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Procter & Gamble Co.’s current ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Procter & Gamble Co.’s quick ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Procter & Gamble Co.’s cash ratio improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021.

Current Ratio

Procter & Gamble Co., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 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 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Current assets 26,026  27,987  27,140  18,917  21,925  22,473  22,312  24,431  23,346  23,320  27,960  31,214  28,096  26,494  25,885  25,572  35,171  33,782  34,317  36,347  35,620  29,646  31,562  33,178  29,107 
Current liabilities 30,008  32,976  32,896  30,164  30,253  30,011  28,370  31,247  29,220  28,237  30,711  33,107  30,724  30,210  29,082  28,891  32,401  30,770  31,357  32,053  31,567  29,790  31,881  34,152  32,071 
Liquidity Ratio
Current ratio1 0.87 0.85 0.83 0.63 0.72 0.75 0.79 0.78 0.80 0.83 0.91 0.94 0.91 0.88 0.89 0.89 1.09 1.10 1.09 1.13 1.13 1.00 0.99 0.97 0.91

Based on: 10-Q (filing date: 2020-10-20), 10-K (filing date: 2020-08-06), 10-Q (filing date: 2020-04-20), 10-Q (filing date: 2020-01-23), 10-Q (filing date: 2019-10-22), 10-K (filing date: 2019-08-06), 10-Q (filing date: 2019-04-23), 10-Q (filing date: 2019-01-23), 10-Q (filing date: 2018-10-19), 10-K (filing date: 2018-08-07), 10-Q (filing date: 2018-04-19), 10-Q (filing date: 2018-01-23), 10-Q (filing date: 2017-10-20), 10-K (filing date: 2017-08-07), 10-Q (filing date: 2017-04-26), 10-Q (filing date: 2017-01-20), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-09), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-Q (filing date: 2015-10-23), 10-K (filing date: 2015-08-07), 10-Q (filing date: 2015-04-23), 10-Q (filing date: 2015-01-27), 10-Q (filing date: 2014-10-24).

1 Q1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 26,026 ÷ 30,008 = 0.87

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Procter & Gamble Co.’s current ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Quick Ratio

Procter & Gamble Co., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 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 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 13,392  16,181  15,393  6,279  9,304  4,239  2,738  3,696  2,545  2,569  5,326  7,432  5,024  5,569  5,817  6,051  7,456  7,102  7,895  9,403  7,705  6,845  8,374  8,204  7,486 
Restricted cash —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,870  —  —  —  —  —  —  —  — 
Available-for-sale investment securities —  —  —  —  —  6,048  7,085  8,421  8,708  9,281  10,208  11,326  10,983  9,568  8,510  7,403  6,615  6,246  5,924  4,874  4,901  4,767  4,786  4,047  3,360 
Accounts receivable 5,043  4,178  4,640  5,196  5,143  4,951  5,198  5,055  5,035  4,686  5,149  5,182  4,942  4,594  4,358  4,729  4,713  4,373  4,591  4,721  4,724  4,861  4,990  5,802  6,197 
Total quick assets 18,435  20,359  20,033  11,475  14,447  15,238  15,021  17,172  16,288  16,536  20,683  23,940  20,949  19,731  18,685  18,183  20,654  17,721  18,410  18,998  17,330  16,473  18,150  18,053  17,043 
 
Current liabilities 30,008  32,976  32,896  30,164  30,253  30,011  28,370  31,247  29,220  28,237  30,711  33,107  30,724  30,210  29,082  28,891  32,401  30,770  31,357  32,053  31,567  29,790  31,881  34,152  32,071 
Liquidity Ratio
Quick ratio1 0.61 0.62 0.61 0.38 0.48 0.51 0.53 0.55 0.56 0.59 0.67 0.72 0.68 0.65 0.64 0.63 0.64 0.58 0.59 0.59 0.55 0.55 0.57 0.53 0.53

Based on: 10-Q (filing date: 2020-10-20), 10-K (filing date: 2020-08-06), 10-Q (filing date: 2020-04-20), 10-Q (filing date: 2020-01-23), 10-Q (filing date: 2019-10-22), 10-K (filing date: 2019-08-06), 10-Q (filing date: 2019-04-23), 10-Q (filing date: 2019-01-23), 10-Q (filing date: 2018-10-19), 10-K (filing date: 2018-08-07), 10-Q (filing date: 2018-04-19), 10-Q (filing date: 2018-01-23), 10-Q (filing date: 2017-10-20), 10-K (filing date: 2017-08-07), 10-Q (filing date: 2017-04-26), 10-Q (filing date: 2017-01-20), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-09), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-Q (filing date: 2015-10-23), 10-K (filing date: 2015-08-07), 10-Q (filing date: 2015-04-23), 10-Q (filing date: 2015-01-27), 10-Q (filing date: 2014-10-24).

1 Q1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 18,435 ÷ 30,008 = 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. Procter & Gamble Co.’s quick ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021.

Cash Ratio

Procter & Gamble Co., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 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 Dec 31, 2014 Sep 30, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 13,392  16,181  15,393  6,279  9,304  4,239  2,738  3,696  2,545  2,569  5,326  7,432  5,024  5,569  5,817  6,051  7,456  7,102  7,895  9,403  7,705  6,845  8,374  8,204  7,486 
Restricted cash —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,870  —  —  —  —  —  —  —  — 
Available-for-sale investment securities —  —  —  —  —  6,048  7,085  8,421  8,708  9,281  10,208  11,326  10,983  9,568  8,510  7,403  6,615  6,246  5,924  4,874  4,901  4,767  4,786  4,047  3,360 
Total cash assets 13,392  16,181  15,393  6,279  9,304  10,287  9,823  12,117  11,253  11,850  15,534  18,758  16,007  15,137  14,327  13,454  15,941  13,348  13,819  14,277  12,606  11,612  13,160  12,251  10,846 
 
Current liabilities 30,008  32,976  32,896  30,164  30,253  30,011  28,370  31,247  29,220  28,237  30,711  33,107  30,724  30,210  29,082  28,891  32,401  30,770  31,357  32,053  31,567  29,790  31,881  34,152  32,071 
Liquidity Ratio
Cash ratio1 0.45 0.49 0.47 0.21 0.31 0.34 0.35 0.39 0.39 0.42 0.51 0.57 0.52 0.50 0.49 0.47 0.49 0.43 0.44 0.45 0.40 0.39 0.41 0.36 0.34

Based on: 10-Q (filing date: 2020-10-20), 10-K (filing date: 2020-08-06), 10-Q (filing date: 2020-04-20), 10-Q (filing date: 2020-01-23), 10-Q (filing date: 2019-10-22), 10-K (filing date: 2019-08-06), 10-Q (filing date: 2019-04-23), 10-Q (filing date: 2019-01-23), 10-Q (filing date: 2018-10-19), 10-K (filing date: 2018-08-07), 10-Q (filing date: 2018-04-19), 10-Q (filing date: 2018-01-23), 10-Q (filing date: 2017-10-20), 10-K (filing date: 2017-08-07), 10-Q (filing date: 2017-04-26), 10-Q (filing date: 2017-01-20), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-09), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-Q (filing date: 2015-10-23), 10-K (filing date: 2015-08-07), 10-Q (filing date: 2015-04-23), 10-Q (filing date: 2015-01-27), 10-Q (filing date: 2014-10-24).

1 Q1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 13,392 ÷ 30,008 = 0.45

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Procter & Gamble Co.’s cash ratio improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021.