Church & Dwight Company Inc (CHD)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,529,700 | 1,744,600 | 1,576,400 | 1,334,900 | 1,395,900 | 1,564,400 | 1,750,700 | 1,221,800 | 1,233,400 | 1,176,800 | 1,128,700 | 1,111,800 | 1,112,400 | 1,444,500 | 1,276,700 | 1,828,800 | 956,400 | 908,800 | 925,900 | 913,700 |
| 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 |
| Current ratio | 1.08 | 1.47 | 1.41 | 1.18 | 1.18 | 1.08 | 1.01 | 0.65 | 0.59 | 0.74 | 0.82 | 0.87 | 0.80 | 1.49 | 1.28 | 1.03 | 0.88 | 0.80 | 0.78 | 0.81 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,529,700K ÷ $1,422,000K
= 1.08
The current ratio of Church & Dwight Co., Inc. has fluctuated over the past eight quarters, ranging from a low of 0.65 in Q1 2022 to a high of 1.47 in Q3 2023. A current ratio above 1.0 generally indicates that the company has more current assets than current liabilities to cover its short-term obligations.
The current ratio was relatively stable in the range of 1.08 to 1.18 from Q4 2022 to Q1 2023, suggesting a consistent ability to meet short-term obligations during that period. However, in Q2 and Q3 2023, the current ratio increased significantly to 1.41 and 1.47, respectively, indicating a stronger liquidity position compared to earlier quarters.
It is essential to understand the reasons behind these fluctuations in the current ratio to assess the company's efficiency in managing its current assets and liabilities. Further analysis of working capital management and changes in the composition of current assets and liabilities may provide more insights into the company's financial health and liquidity position.
Peer comparison
Dec 31, 2023