Church & Dwight Company Inc (CHD)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 600,800 | 555,300 | 587,900 | 545,400 | 526,900 | 460,900 | 460,900 | 429,300 | 422,000 | 391,300 | 405,800 | 407,100 | 405,500 | 407,000 | 386,200 | 405,800 | 398,800 | 372,800 | 344,500 | 353,500 |
| 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 |
| Quick ratio | 1.19 | 1.05 | 0.94 | 0.78 | 0.61 | 0.87 | 0.08 | 0.56 | 0.58 | 0.57 | 0.61 | 0.31 | 0.31 | 0.38 | 0.40 | 0.42 | 0.43 | 0.95 | 0.80 | 0.79 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($964,100K
+ $—K
+ $600,800K)
÷ $1,315,900K
= 1.19
The quick ratio of Church & Dwight Company Inc has shown fluctuation over the reported period. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
From March 31, 2020, to June 30, 2021, the quick ratio fluctuated between 0.79 and 0.40, showing some instability in the company's ability to cover its short-term liabilities. However, from September 30, 2021, to December 31, 2024, the quick ratio improved significantly, reaching a high of 1.19 as of December 31, 2024.
The improvement in the quick ratio suggests that Church & Dwight Company Inc may have strengthened its liquidity position and is better equipped to meet its short-term obligations. However, the sharp fluctuations observed earlier in the period indicate a need for the company to maintain consistency in managing its liquidity for long-term stability.
Peer comparison
Dec 31, 2024