Edgewell Personal Care Co (EPC)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 209,100 | 216,400 | 188,700 | 479,200 | 364,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 563,600 | 523,400 | 539,500 | 536,800 | 510,500 |
| Cash ratio | 0.37 | 0.41 | 0.35 | 0.89 | 0.71 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($209,100K
+ $—K)
÷ $563,600K
= 0.37
The cash ratio of Edgewell Personal Care Co has fluctuated over the past five years. The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents.
In 2024, the cash ratio was 0.37, indicating that the company had $0.37 of cash and cash equivalents for every $1 of current liabilities. This represents a decrease from the previous year's ratio of 0.41.
In 2023, the cash ratio was 0.41, showing a slight improvement from the prior year.
In 2022, the cash ratio decreased to 0.35, suggesting a lower ability to cover short-term obligations with cash on hand compared to the previous year.
In 2021, the cash ratio was 0.89, reflecting a significant increase from the prior year and indicating a strong ability to meet short-term liabilities with available cash.
In 2020, the cash ratio was 0.71, showing a decrease from the previous year, but still indicating a relatively healthy liquidity position.
Overall, the fluctuation in the cash ratio of Edgewell Personal Care Co over the five-year period may indicate varying levels of liquidity and efficiency in managing short-term obligations. The company's management should continue to monitor and maintain an appropriate level of cash reserves to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Sep 30, 2024