Energizer Holdings Inc (ENR)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 216,900 | 146,700 | 158,100 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 819,800 | 700,600 | 668,100 | 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 |
| Cash ratio | 0.26 | 0.21 | 0.24 | 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 |
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 few years, ranging from a low of 0.21 to a high of 0.61. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Looking at the trend, the cash ratio appears to have peaked in December 2019 at 0.61, indicating a robust liquidity position at that time. However, the ratio has since decreased and fluctuated within a range between 0.21 and 0.40. This suggests some variability in the company's ability to cover its short-term obligations with cash on hand.
The current cash ratio of 0.26 as of September 30, 2024, indicates that Energizer Holdings Inc has $0.26 in cash and cash equivalents for every $1 of current liabilities. While the ratio has improved compared to the previous quarter, it is still relatively lower than the peak observed in December 2019.
It is important for investors and stakeholders to monitor the cash ratio closely to ensure that the company maintains an adequate level of liquidity to meet its short-term financial obligations. fluctuations in the cash ratio could indicate changes in the company's cash management practices or overall financial health.
Peer comparison
Sep 30, 2024