Energizer Holdings Inc (ENR)
Quick ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 258,500 | 206,400 | 332,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 370,900 | 380,000 | 371,700 |
| Total current liabilities | US$ in thousands | 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 | 1,069,000 | 1,105,600 | 1,016,200 |
| Quick ratio | 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 | 0.59 | 0.53 | 0.69 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($241,700K
+ $—K
+ $414,500K)
÷ $724,400K
= 0.91
The quick ratio of Energizer Holdings Inc has fluctuated over the past eight quarters, ranging from a low of 0.96 in Q3 2022 to a high of 1.24 in Q4 2023. Generally, the quick ratio has remained above 1, indicating that the company has had an adequate level of liquid assets to cover its short-term liabilities.
In recent quarters, the quick ratio has been relatively stable, with values around or slightly above 1. This suggests that the company has maintained a consistent ability to meet its short-term obligations using its most liquid assets. Overall, the trend in the quick ratio indicates a reasonable level of liquidity and ability to cover short-term liabilities for Energizer Holdings Inc.
Peer comparison
Dec 31, 2023