Church & Dwight Company Inc (CHD)

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 344,500 573,300 396,900 202,800 270,300 437,600 639,700 174,400 240,600 180,000 149,800 127,500 183,100 549,100 451,700 1,046,600 155,700 114,700 97,900 97,900
Short-term investments US$ in thousands -768,700 9,000 9,000 9 9,000 9
Total current liabilities US$ in thousands 1,422,000 1,188,400 1,121,800 1,126,900 1,183,800 1,450,600 1,726,800 1,871,600 2,075,200 1,584,400 1,376,100 1,274,300 1,388,600 971,900 996,600 1,769,000 1,092,300 1,142,100 1,184,700 1,133,300
Cash ratio 0.24 0.48 -0.33 0.18 0.23 0.30 0.37 0.09 0.12 0.12 0.12 0.10 0.14 0.56 0.45 0.59 0.14 0.10 0.08 0.09

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($344,500K + $—K) ÷ $1,422,000K
= 0.24

The cash ratio of Church & Dwight Co., Inc. has fluctuated over the past eight quarters, ranging from 0.12 to 0.51. The cash ratio indicates the company's ability to cover its current liabilities solely with its cash and cash equivalents.

In Q3 2023, the cash ratio was at its highest point of 0.51, suggesting that the company had a strong ability to meet its short-term obligations with its available cash. This could indicate efficient cash management and liquidity during that period.

However, in Q1 2022, the cash ratio was at its lowest point of 0.12, indicating that the company had a lower proportion of cash and cash equivalents relative to its current liabilities during that period. This could imply a potential liquidity risk and may require further examination into the company's cash management practices.

Overall, the fluctuations in the cash ratio over the examined periods suggest that Church & Dwight Co., Inc. may experience variations in its liquidity position, highlighting the importance of closely monitoring its cash management practices to ensure adequate funds are available to meet its short-term obligations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
Church & Dwight Company Inc
CHD
0.24
Ecolab Inc
ECL
0.21
Procter & Gamble Company
PG
0.28
Stepan Company
SCL
0.21