Energizer Holdings Inc (ENR)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 216,900 | 223,300 | 205,300 | 238,900 | 459,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 819,800 | 734,200 | 697,900 | 946,400 | 1,648,400 |
| Cash ratio | 0.26 | 0.30 | 0.29 | 0.25 | 0.28 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($216,900K
+ $—K)
÷ $819,800K
= 0.26
The cash ratio of Energizer Holdings Inc has fluctuated over the past five years. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In 2024, the cash ratio was 0.26, which indicates that the company had $0.26 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased from the previous year's level of 0.30, suggesting a slightly lower liquidity position compared to 2023.
Looking back further, the ratio was fairly stable in 2022 at 0.29 and slightly lower in 2021 at 0.25. The ratio improved in 2020 to 0.28, showing a temporary increase in liquidity compared to the preceding year.
Overall, the trend in the cash ratio of Energizer Holdings Inc shows some variability, with the company experiencing fluctuations in its ability to cover short-term obligations with cash reserves over the past five years. Further analysis of the company's cash management practices and overall liquidity position would be beneficial to fully assess its financial health.
Peer comparison
Sep 30, 2024