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

Company name
Symbol
Current ratio
Church & Dwight Company Inc
CHD
1.08
Ecolab Inc
ECL
1.30
Procter & Gamble Company
PG
0.73
Stepan Company
SCL
1.40