Energizer Holdings Inc (ENR)
Quick ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 216,900 | 223,300 | 205,300 | 238,900 | 459,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 471,800 | 542,200 | 455,500 | 337,500 | 343,000 |
| Total current liabilities | US$ in thousands | 819,800 | 734,200 | 697,900 | 946,400 | 1,648,400 |
| Quick ratio | 0.84 | 1.04 | 0.95 | 0.61 | 0.49 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($216,900K
+ $—K
+ $471,800K)
÷ $819,800K
= 0.84
The quick ratio of Energizer Holdings Inc has shown fluctuations over the past five years. The ratio stood at 0.84 as of September 30, 2024, indicating a decrease from the previous year's 1.04. This suggests that the company's ability to meet its short-term obligations with its most liquid assets decreased. However, compared to the ratios of 0.95 in 2022, 0.61 in 2021, and 0.49 in 2020, the current ratio remains relatively higher.
While the decreasing trend from 2023 to 2024 raises some concerns about the company's liquidity position, the ratio still indicates that Energizer Holdings Inc may have some difficulty meeting its short-term obligations without relying on inventory. Overall, further investigation into the company's liquidity management practices and financial health would be beneficial to fully evaluate its ability to cover short-term liabilities.
Peer comparison
Sep 30, 2024