Energizer Holdings Inc (ENR)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 241,700 | 223,300 | 202,400 | 193,700 | 280,300 | 205,300 | 199,500 | 213,200 | 221,200 | 238,900 | 207,700 | 261,000 | 305,600 | 459,800 | 595,600 | 277,900 | 293,500 | 258,500 | 206,400 | 332,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 724,400 | 734,200 | 726,100 | 636,900 | 697,000 | 697,900 | 773,400 | 738,500 | 1,015,500 | 946,400 | 831,700 | 779,400 | 777,800 | 1,648,400 | 984,400 | 892,900 | 1,144,900 | 1,069,000 | 1,105,600 | 1,016,200 |
| Cash ratio | 0.33 | 0.30 | 0.28 | 0.30 | 0.40 | 0.29 | 0.26 | 0.29 | 0.22 | 0.25 | 0.25 | 0.33 | 0.39 | 0.28 | 0.61 | 0.31 | 0.26 | 0.24 | 0.19 | 0.33 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($241,700K
+ $—K)
÷ $724,400K
= 0.33
The cash ratio of Energizer Holdings Inc has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents.
Energizer's cash ratio has ranged from a low of 0.47 in Q3 2022 to a high of 0.65 in Q1 2023. This indicates that in Q1 2023, the company had 65 cents of cash and cash equivalents for every dollar of short-term liabilities.
The overall trend in the cash ratio appears to be relatively stable, with the ratio hovering around the range of 0.47 to 0.65 over the past eight quarters. This suggests that Energizer has maintained a relatively healthy level of liquidity to cover its short-term obligations.
It's important to note that while the cash ratio provides insights into a company's short-term liquidity position, it should be analyzed in conjunction with other financial metrics to get a more comprehensive understanding of Energizer's overall financial health.
Peer comparison
Dec 31, 2023