Bellring Brands LLC (BRBR)

Cash ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash and cash equivalents	US$ in thousands	71,100	48,400	35,800	152,600	48,700
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	203,700	150,200	143,500	251,300	153,100
Cash ratio		0.35	0.32	0.25	0.61	0.32

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($71,100K + $—K) ÷ $203,700K
= 0.35

The cash ratio of Bellring Brands LLC has fluctuated over the past five years, ranging from 0.25 to 0.61. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.

In 2024, the cash ratio of 0.35 suggests that the company has $0.35 in cash and cash equivalents for every $1 of its current liabilities. This indicates that the company has improved its liquidity position compared to 2023 when the ratio was 0.32.

The cash ratios for 2022 and 2020 were 0.25 and 0.32, respectively. These ratios indicate that the company had lower liquidity in those years, with less cash available to cover its short-term obligations.

The highest cash ratio of 0.61 was recorded in 2021, indicating a significant improvement in Bellring Brands LLC's liquidity position for that year.

Overall, the trend in the cash ratio of Bellring Brands LLC shows variability in liquidity over the years, with the company having experienced fluctuations in its ability to cover short-term liabilities with cash and cash equivalents. Further analysis of the cash flow and working capital management would provide a more comprehensive understanding of the company's liquidity position.