Stock Analysis on Net
Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

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


Liquidity Ratios (Summary)

Sherwin-Williams Co., 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 1.09 0.94 1.02 1.01 0.80 0.96 1.01 1.04 1.20 1.13 1.12 1.07 1.17 1.32 1.28 1.47 1.33 1.28 1.24 1.27 0.90 0.82
Quick ratio 0.60 0.48 0.50 0.55 0.44 0.49 0.51 0.57 0.66 0.57 0.58 0.60 0.62 0.81 0.75 0.86 0.71 0.60 0.62 0.66 0.46 0.38
Cash ratio 0.04 0.05 0.04 0.04 0.02 0.02 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.35 0.31 0.28 0.15 0.03 0.10 0.04 0.02 0.02

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Sherwin-Williams Co.’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Sherwin-Williams Co.’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Sherwin-Williams Co.’s cash ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020.

Current Ratio

Sherwin-Williams Co., 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 thousands)
Current assets 4,883,200  4,928,000  4,631,700  4,907,739  5,089,964  4,815,144  4,344,487  5,038,032  5,037,205  4,886,903  4,465,840  4,683,904  4,854,001  3,876,664  3,627,298  3,708,231  3,483,942  2,888,625  2,658,874  2,924,236  3,005,128  2,765,790 
Current liabilities 4,459,600  5,220,200  4,521,900  4,865,790  6,342,640  5,000,556  4,297,747  4,842,065  4,190,087  4,327,152  3,987,180  4,371,661  4,151,913  2,939,002  2,829,179  2,515,807  2,625,213  2,262,561  2,141,859  2,294,196  3,357,239  3,379,045 
Liquidity Ratio
Current ratio1 1.09 0.94 1.02 1.01 0.80 0.96 1.01 1.04 1.20 1.13 1.12 1.07 1.17 1.32 1.28 1.47 1.33 1.28 1.24 1.27 0.90 0.82

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,883,200 ÷ 4,459,600 = 1.09

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Sherwin-Williams Co.’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Quick Ratio

Sherwin-Williams Co., 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 thousands)
Cash and cash equivalents 188,100  238,500  161,800  189,645  145,577  94,393  155,505  181,511  154,973  158,613  204,213  207,937  210,049  1,017,808  889,793  702,569  402,656  70,548  205,744  91,029  75,068  64,013 
Accounts receivable, less allowance 2,472,500  2,291,500  2,088,900  2,479,043  2,659,051  2,339,551  2,018,768  2,584,280  2,625,066  2,326,411  2,104,555  2,426,222  2,377,874  1,356,851  1,230,987  1,458,073  1,473,078  1,290,749  1,114,275  1,413,946  1,454,045  1,234,612 
Total quick assets 2,660,600  2,530,000  2,250,700  2,668,688  2,804,628  2,433,944  2,174,273  2,765,791  2,780,039  2,485,024  2,308,768  2,634,159  2,587,923  2,374,659  2,120,780  2,160,642  1,875,734  1,361,297  1,320,019  1,504,975  1,529,113  1,298,625 
 
Current liabilities 4,459,600  5,220,200  4,521,900  4,865,790  6,342,640  5,000,556  4,297,747  4,842,065  4,190,087  4,327,152  3,987,180  4,371,661  4,151,913  2,939,002  2,829,179  2,515,807  2,625,213  2,262,561  2,141,859  2,294,196  3,357,239  3,379,045 
Liquidity Ratio
Quick ratio1 0.60 0.48 0.50 0.55 0.44 0.49 0.51 0.57 0.66 0.57 0.58 0.60 0.62 0.81 0.75 0.86 0.71 0.60 0.62 0.66 0.46 0.38

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,660,600 ÷ 4,459,600 = 0.60

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Sherwin-Williams Co.’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Cash Ratio

Sherwin-Williams Co., 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 thousands)
Cash and cash equivalents 188,100  238,500  161,800  189,645  145,577  94,393  155,505  181,511  154,973  158,613  204,213  207,937  210,049  1,017,808  889,793  702,569  402,656  70,548  205,744  91,029  75,068  64,013 
Total cash assets 188,100  238,500  161,800  189,645  145,577  94,393  155,505  181,511  154,973  158,613  204,213  207,937  210,049  1,017,808  889,793  702,569  402,656  70,548  205,744  91,029  75,068  64,013 
 
Current liabilities 4,459,600  5,220,200  4,521,900  4,865,790  6,342,640  5,000,556  4,297,747  4,842,065  4,190,087  4,327,152  3,987,180  4,371,661  4,151,913  2,939,002  2,829,179  2,515,807  2,625,213  2,262,561  2,141,859  2,294,196  3,357,239  3,379,045 
Liquidity Ratio
Cash ratio1 0.04 0.05 0.04 0.04 0.02 0.02 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.35 0.31 0.28 0.15 0.03 0.10 0.04 0.02 0.02

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 188,100 ÷ 4,459,600 = 0.04

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Sherwin-Williams Co.’s cash ratio improved from Q4 2019 to Q1 2020 but then slightly deteriorated from Q1 2020 to Q2 2020.