Coty Inc (COTY)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 300,800 | 260,200 | 450,000 | 280,000 | 246,900 | 245,000 | 280,800 | 215,700 | 233,300 | 668,600 | 523,400 | 376,900 | 253,500 | 315,300 | 549,100 | 535,700 | 308,300 | 1,278,500 | 288,800 | 350,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 7,600 | — | — | — | 1,276,000 | 1,266,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,601,800 | 2,476,200 | 2,851,000 | 2,828,100 | 2,736,800 | 2,757,300 | 2,915,600 | 2,610,600 | 2,565,600 | 3,196,200 | 2,902,100 | 3,071,800 | 2,415,400 | 2,565,900 | 2,983,100 | 3,678,000 | 3,585,700 | 3,085,800 | 3,513,600 | 3,237,400 |
| Cash ratio | 0.12 | 0.11 | 0.16 | 0.10 | 0.09 | 0.09 | 0.10 | 0.08 | 0.09 | 0.21 | 0.18 | 0.12 | 0.63 | 0.62 | 0.18 | 0.15 | 0.09 | 0.41 | 0.08 | 0.11 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($300,800K
+ $—K)
÷ $2,601,800K
= 0.12
The cash ratio of Coty Inc has shown fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its current liabilities solely with its cash and cash equivalents.
Looking at the data, we can see that the cash ratio has ranged from as low as 0.08 to as high as 0.63. Generally, a higher cash ratio indicates a stronger ability to cover short-term obligations with cash on hand.
In the latest quarter, the cash ratio stood at 0.12, indicating that Coty Inc had $0.12 of cash and cash equivalents for every $1 of current liabilities. This suggests a moderate level of liquidity, but it is essential to consider other liquidity ratios and financial metrics to get a complete picture of the company's financial health.
Overall, the fluctuation in the cash ratio of Coty Inc may reflect changes in the company's cash position and/or current liabilities over the periods analyzed.
Peer comparison
Jun 30, 2024