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