Bellring Brands LLC (BRBR)

Cash ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	71,100	72,600	79,300	85,000	48,400	26,100	25,500	43,900	35,800	34,700	69,500	30,400	152,600	89,400	33,200	50,800	48,700	22,500	76,700	29,900
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	203,700	207,900	173,000	162,500	150,200	167,800	157,000	149,100	143,500	177,000	130,600	145,700	251,300	264,400	199,200	138,300	153,100	127,100	128,000	107,400
Cash ratio		0.35	0.35	0.46	0.52	0.32	0.16	0.16	0.29	0.25	0.20	0.53	0.21	0.61	0.34	0.17	0.37	0.32	0.18	0.60	0.28

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 shown fluctuations over the periods analyzed. The cash ratio indicates the proportion of a company's current assets held in cash or cash equivalents relative to its current liabilities.

For the most recent period of September 30, 2024, the cash ratio stands at 0.35, suggesting that the company had sufficient cash or cash equivalents to cover 35% of its current liabilities. This indicates a moderate ability to meet short-term obligations with readily available funds.

Looking at the trend over the last few quarters, the company's cash ratio has ranged from 0.16 to 0.61, indicating some variability in the company's liquidity position. The variation in the cash ratio may reflect changes in the company's cash holdings, operating performance, or changes in liabilities.

A higher cash ratio, such as the peak of 0.61 observed on March 31, 2022, suggests a stronger liquidity position with more cash available to cover current liabilities. Conversely, a lower cash ratio, such as the low of 0.16 on June 30, 2023, indicates a relatively weaker liquidity position.

Overall, while the company's cash ratio has fluctuated, it is essential for Bellring Brands LLC to regularly monitor and manage its liquidity position to ensure it has adequate funds to meet its short-term obligations as they come due.