Church & Dwight Company Inc (CHD)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 964,100 | 752,100 | 491,700 | 349,700 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | -768,700 | — | — | — | — | — | — | 9,000 | 9,000 | 9 | 9,000 | 9 | — | — |
| Total current liabilities | US$ in thousands | 1,315,900 | 1,246,600 | 1,149,700 | 1,151,100 | 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 |
| Cash ratio | 0.73 | 0.60 | 0.43 | 0.30 | 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 |
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 period analyzed. It ranged from a high of 0.73 as of December 31, 2024, indicating that the company had $0.73 in cash and cash equivalents for every dollar of current liabilities, to a low of -0.33 as of June 30, 2023, which suggests a negative cash position relative to current liabilities.
Overall, the trend in the cash ratio shows some volatility, with significant fluctuations observed in the interim periods. The ratio generally improved from the low points in mid-2023 to reach higher levels towards the end of 2024. This indicates that the company gradually strengthened its ability to cover short-term obligations with cash on hand during this period.
While a higher cash ratio is typically preferred as it signifies a stronger liquidity position, it's important to note that the ideal cash ratio can vary by industry and company. Therefore, further analysis would be necessary to assess Church & Dwight Company Inc's liquidity management in comparison to industry standards and its historical performance.
Peer comparison
Dec 31, 2024