Central Garden & Pet Company (CENT)
Cash 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 341,419 | 488,730 | 333,139 | 60,607 | 87,800 | 177,442 | 195,791 | 54,082 | 296,038 | 426,422 | 517,052 | 39,869 | 608,285 | 652,712 | 495,339 | 331,555 | 445,813 | 497,749 | 445,632 | 329,724 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | — | 0 | 0 | 119 | — |
| Total current liabilities | US$ in thousands | 494,171 | 457,987 | 496,387 | 475,949 | 423,039 | 465,892 | 516,187 | 570,749 | 513,350 | 522,319 | 511,007 | 536,763 | 441,212 | 440,262 | 385,250 | 357,100 | 343,860 | 278,525 | 278,813 | 299,128 |
| Cash ratio | 0.69 | 1.07 | 0.67 | 0.13 | 0.21 | 0.38 | 0.38 | 0.09 | 0.58 | 0.82 | 1.01 | 0.07 | 1.38 | 1.48 | 1.29 | 0.93 | 1.30 | 1.79 | 1.60 | 1.10 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($341,419K
+ $—K)
÷ $494,171K
= 0.69
The cash ratio of Central Garden & Pet Company has shown fluctuations over the past quarters, ranging from a low of 0.07 to a high of 1.79. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a better ability to meet short-term obligations.
In the most recent quarter, the cash ratio was 0.69, which indicates that the company has $0.69 of cash available for every dollar of current liabilities. This suggests that the company may have some room for improvement in its liquidity position compared to the previous quarter where the cash ratio was 1.07.
Overall, the trend of the cash ratio for Central Garden & Pet Company reflects some volatility, and it is important for the company to maintain a healthy balance between cash reserves and short-term obligations to ensure its financial stability and operational flexibility.
Peer comparison
Dec 31, 2023