Energizer Holdings Inc (ENR)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,478,900 | 1,556,600 | 1,590,000 | 1,439,500 | 2,210,900 |
| Total current liabilities | US$ in thousands | 819,800 | 734,200 | 697,900 | 946,400 | 1,648,400 |
| Current ratio | 1.80 | 2.12 | 2.28 | 1.52 | 1.34 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,478,900K ÷ $819,800K
= 1.80
The current ratio of Energizer Holdings Inc has fluctuated over the past five years, ranging from a low of 1.34 in 2020 to a high of 2.28 in 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets relative to its current liabilities available to cover obligations.
In 2024, Energizer Holdings Inc's current ratio stands at 1.80, indicating that the company has $1.80 in current assets for every $1 of current liabilities. While the current ratio has improved from the previous year, it is lower than the ratios observed in 2022 and 2023. This suggests that the company may have a slightly weaker liquidity position in 2024 compared to the prior two years, although it still indicates that Energizer Holdings Inc has sufficient current assets to cover its current liabilities.
Overall, despite the fluctuations in the current ratio over the years, Energizer Holdings Inc has generally maintained a current ratio above 1, indicating a healthy liquidity position and the ability to meet its short-term financial obligations. However, it is important for the company to monitor its liquidity closely and ensure that it maintains a comfortable level of current assets relative to current liabilities to support its ongoing operations and growth initiatives.
Peer comparison
Sep 30, 2024