Bellring Brands LLC (BRBR)

Current ratio

		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
Total current assets	US$ in thousands	464,800	424,200	450,200	497,000	454,000	421,300	423,100	359,500	297,600	388,100	371,900	307,900	324,600	290,200	290,600	349,500	288,100
Total current liabilities	US$ in thousands	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
Current ratio		2.86	2.82	2.68	3.17	3.04	2.94	2.39	2.75	2.04	1.54	1.41	1.55	2.35	1.90	2.29	2.73	2.68

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $464,800K ÷ $162,500K
= 2.86

Over the past eight quarters, Bellring Brands Inc has maintained a relatively stable current ratio ranging from 2.39 to 3.17. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.

Bellring Brands' current ratio has generally been above 2, indicating a healthy liquidity position. A higher current ratio suggests that the company has a strong ability to meet its short-term obligations, such as paying off its current liabilities.

The slight fluctuations in the current ratio over the quarters may reflect changes in the company's current assets and liabilities. Overall, the consistency of Bellring Brands' current ratio above 2 demonstrates a solid liquidity position, providing a cushion to meet its short-term financial obligations.