Church & Dwight Company Inc (CHD)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 964,100 | 344,500 | 270,300 | 240,600 | 183,100 |
| Short-term investments | US$ in thousands | — | — | — | — | 9,000 |
| Total current liabilities | US$ in thousands | 1,315,900 | 1,422,000 | 1,183,800 | 2,075,200 | 1,388,600 |
| Cash ratio | 0.73 | 0.24 | 0.23 | 0.12 | 0.14 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($964,100K
+ $—K)
÷ $1,315,900K
= 0.73
The cash ratio of Church & Dwight Company Inc has fluctuated over the past five years. In December 31, 2020, the cash ratio was 0.14, which decreased slightly to 0.12 by December 31, 2021. However, there was a significant improvement in the cash ratio in the following years, reaching 0.23 by December 31, 2022, and further increasing to 0.24 by December 31, 2023.
Notably, there was a sharp increase in the cash ratio to 0.73 by December 31, 2024, indicating a substantial improvement in the company's ability to cover its current liabilities with cash and cash equivalents. This suggests that Church & Dwight Company Inc has strengthened its liquidity position over time, which could enhance its financial flexibility and ability to meet short-term obligations.
Peer comparison
Dec 31, 2024