Energizer Holdings Inc (ENR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,478,900 | 1,393,300 | 1,358,300 | 1,471,000 | 1,556,600 | 1,568,400 | 1,488,100 | 1,601,900 | 1,590,000 | 1,641,000 | 1,594,000 | 1,550,300 | 1,439,500 | 1,414,200 | 1,357,300 | 1,340,000 | 2,210,900 | 1,618,100 | 1,266,100 | 2,067,700 |
| 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 |
| Current ratio | 1.80 | 1.99 | 2.03 | 2.03 | 2.12 | 2.16 | 2.34 | 2.30 | 2.28 | 2.12 | 2.16 | 1.53 | 1.52 | 1.70 | 1.74 | 1.72 | 1.34 | 1.64 | 1.42 | 1.81 |
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 exhibited fluctuations over the past few years, indicating changes in the company's liquidity position. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
From December 2019 to September 2020, there was a slight decline in the current ratio, indicating potential challenges in meeting short-term obligations. However, from September 2020 to March 2021, there was an improvement in the current ratio, suggesting enhanced liquidity position during that period.
The current ratio peaked at 2.34 in March 2023, signaling a strong ability to meet short-term obligations. Subsequently, there was a gradual decline in the current ratio, reaching a low of 1.52 in September 2023. This decrease may have raised concerns about the company's short-term liquidity position during that period.
However, the company managed to improve its current ratio from December 2023 to March 2024, reaching a level of 2.03, which indicates a healthy liquidity position as of September 2024 at 1.80. Overall, the company's current ratio has shown variability over time, with some periods of strength and others of relative weakness, highlighting the importance of monitoring changes in liquidity for informed decision-making.
Peer comparison
Sep 30, 2024