Energizer Holdings Inc (ENR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 216,900 | 146,700 | 158,100 | 241,700 | 223,300 | 202,400 | 193,700 | 280,300 | 205,300 | 199,500 | 213,200 | 221,200 | 238,900 | 207,700 | 261,000 | 305,600 | 459,800 | 595,600 | 277,900 | 293,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 471,800 | 397,500 | 363,000 | 414,500 | 542,200 | 413,400 | 383,900 | 400,200 | 455,500 | 382,100 | 372,700 | 421,200 | 337,500 | 375,400 | 353,100 | 384,100 | 343,000 | 376,500 | 378,200 | 415,200 |
| 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 |
| Quick ratio | 0.84 | 0.78 | 0.78 | 0.91 | 1.04 | 0.85 | 0.91 | 0.98 | 0.95 | 0.75 | 0.79 | 0.63 | 0.61 | 0.70 | 0.79 | 0.89 | 0.49 | 0.99 | 0.73 | 0.62 |
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, also known as the acid-test ratio, measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities, while a ratio below 1 suggests potential liquidity issues.
Analyzing the quick ratio of Energizer Holdings Inc over the past several quarters, we observe fluctuations in the company's liquidity position. The trend shows a mixed pattern with some periods below 1 and others above 1.
In the most recent quarter, as of September 30, 2024, the quick ratio stands at 0.84, indicating that the company may have some difficulties in meeting its short-term obligations using its most liquid assets alone. This suggests a potential liquidity challenge that investors and stakeholders should monitor closely.
Overall, it is essential to assess the trend over multiple periods to understand the company's liquidity position more accurately, as a single quarter's ratio may not provide a comprehensive view of the company's financial health. It would be prudent to compare Energizer Holdings Inc's quick ratio with industry peers to gain further insights into its liquidity management.
Peer comparison
Sep 30, 2024