Energizer Holdings Inc (ENR)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,556,600 | 1,590,000 | 1,439,500 | 2,210,900 | 2,036,800 |
| Total current liabilities | US$ in thousands | 734,200 | 697,900 | 946,400 | 1,648,400 | 1,069,000 |
| Current ratio | 2.12 | 2.28 | 1.52 | 1.34 | 1.91 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,556,600K ÷ $734,200K
= 2.12
The current ratio of Energizer Holdings Inc has exhibited fluctuating trends over the past five years. In 2023, the current ratio decreased to 2.12 from 2.28 in 2022, indicating a potential decrease in the company's short-term liquidity. This decrease may suggest a reduction in the company's ability to meet its short-term obligations using its current assets. Comparatively, the current ratio was 1.52 in 2021 and 1.34 in 2020, reflecting a less favorable liquidity position during those years. However, in 2019, the current ratio was 1.91, signaling improved short-term liquidity in that year. Overall, the current ratio trend indicates some variability in the company's ability to cover its current liabilities with its current assets over the past five years.
Peer comparison
Sep 30, 2023