Energizer Holdings Inc (ENR)
Quick ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 223,300 | 205,300 | 238,900 | 459,800 | 258,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 542,200 | 455,500 | 337,500 | 343,000 | 370,900 |
| Total current liabilities | US$ in thousands | 734,200 | 697,900 | 946,400 | 1,648,400 | 1,069,000 |
| Quick ratio | 1.04 | 0.95 | 0.61 | 0.49 | 0.59 |
September 30, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($223,300K
+ $—K
+ $542,200K)
÷ $734,200K
= 1.04
The quick ratio of Energizer Holdings Inc has shown a positive trend over the past five years, indicating the company's ability to meet short-term financial obligations with its most liquid assets. The ratio has improved from 0.73 in 2019 to 1.24 in 2023, reflecting a strengthening liquidity position. This suggests that the company has a sufficient level of highly liquid assets to cover its current liabilities, which is a positive indicator from a financial stability standpoint. The upward trend in the quick ratio may indicate effective management of working capital and a reduced reliance on short-term borrowing to fund operations. Overall, the increasing quick ratio demonstrates improved short-term financial health and liquidity for Energizer Holdings Inc.
Peer comparison
Sep 30, 2023