Bellring Brands LLC (BRBR)

Quick 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
Cash	US$ in thousands	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	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	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		1.62	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

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($85,000K + $—K + $178,600K) ÷ $162,500K
= 1.62

The quick ratio of Bellring Brands Inc has exhibited fluctuations in the recent quarters.

In Q1 2024, the quick ratio stood at 1.71, indicating that the company had $1.71 in liquid assets available to cover each dollar of current liabilities, suggesting good liquidity and potential to meet short-term obligations comfortably.

The quick ratio decreased to 1.53 in Q4 2023, still above 1, reflecting a continued ability to cover short-term liabilities with liquid assets.

However, the ratio dropped further to 1.28 in Q3 2023, which may indicate a slight decrease in liquidity and a potential challenge in meeting immediate obligations.

The quick ratio improved to 1.47 in Q2 2023 and 1.62 in Q1 2023, showing a recovery in liquidity levels.

Looking back to Q4 2022, the quick ratio was 1.54, Q3 2022 - 1.10 and Q2 2022 - 1.64, each reflecting different levels of liquidity.

Overall, the quick ratio of Bellring Brands Inc has demonstrated variability over the examined periods, necessitating a closer look at the company's management of liquid assets and short-term liabilities to ensure continued financial stability.