Edgewell Personal Care Co (EPC)
Cash ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 216,400 | 188,700 | 479,200 | 364,700 | 341,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 523,400 | 539,500 | 536,800 | 510,500 | 659,600 |
| Cash ratio | 0.41 | 0.35 | 0.89 | 0.71 | 0.52 |
September 30, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($216,400K
+ $—K)
÷ $523,400K
= 0.41
The cash ratio for Edgewell Personal Care Co has fluctuated over the past five years. In 2023, the cash ratio stands at 0.66, indicating that the company has $0.66 in liquid assets available to cover every dollar of current liabilities. This is an increase from the previous year's ratio of 0.54, suggesting improved liquidity. However, the current ratio is still lower than the 2021 figure of 1.08, indicating a decrease in the company's ability to cover short-term obligations with its cash and cash equivalents. This downward trend may warrant further investigation into the company's liquidity management and potential impacts on its financial stability.
Peer comparison
Sep 30, 2023