Bellring Brands LLC (BRBR)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	220,400	230,700	229,400	178,600	168,200	173,800	193,800	182,000	173,300	148,800	132,500	118,200	103,900	131,200	117,400	123,300	83,100	74,900	111,200	94,000
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
Quick ratio		1.43	1.46	1.78	1.62	1.44	1.19	1.40	1.52	1.46	1.04	1.55	1.02	1.02	0.83	0.76	1.26	0.86	0.77	1.47	1.15

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($71,100K + $—K + $220,400K) ÷ $203,700K
= 1.43

The quick ratio of Bellring Brands LLC has shown fluctuations over the past few quarters. The ratio indicates the company's ability to meet its short-term financial obligations with its most liquid assets.

The trend shows an improvement from the first quarter of 2020 to the second quarter of 2022, with the quick ratio consistently above 1, indicating the company had sufficient liquid assets to cover its current liabilities. This is a positive sign as it suggests a strong liquidity position.

However, there was a slight decline in the quick ratio in the third quarter of 2022, which dropped to 1.04, indicating a potential tightening of liquidity. This trend continued into the fourth quarter of 2022, with a slight improvement in the first quarter of 2023.

From the first quarter of 2023 to the second quarter of 2024, the quick ratio showed an increasing trend, reaching a peak of 1.78 in the first quarter of 2024. This suggests that the company's liquidity position strengthened during this period.

Overall, while there have been fluctuations in the quick ratio, the company generally maintained a healthy liquidity position throughout the analyzed period. It is important for Bellring Brands LLC to continue monitoring its liquidity to ensure it can meet its short-term obligations effectively.