Edgewell Personal Care Co (EPC)
Cash 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 and cash equivalents | US$ in thousands | 209,100 | 196,100 | 196,200 | 214,200 | 216,400 | 207,400 | 155,200 | 184,100 | 188,700 | 181,600 | 188,100 | 239,800 | 479,200 | 437,500 | 282,100 | 280,800 | 364,700 | 511,900 | 308,800 | 251,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 563,600 | 535,100 | 541,900 | 467,700 | 523,400 | 579,800 | 569,000 | 501,300 | 539,500 | 575,100 | 544,200 | 483,900 | 536,800 | 547,100 | 483,800 | 428,900 | 510,500 | 484,400 | 486,200 | 462,500 |
| Cash ratio | 0.37 | 0.37 | 0.36 | 0.46 | 0.41 | 0.36 | 0.27 | 0.37 | 0.35 | 0.32 | 0.35 | 0.50 | 0.89 | 0.80 | 0.58 | 0.65 | 0.71 | 1.06 | 0.64 | 0.54 |
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 several quarters, ranging from a low of 0.27 to a high of 1.06. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
A cash ratio of 0.37 indicates that for every dollar of current liabilities, Edgewell Personal Care Co had $0.37 in cash and cash equivalents on hand as of September 30, 2024. This ratio remained relatively stable in the recent quarters, showing consistency in the company's ability to meet its short-term obligations.
However, it is important to note the significant increase in the cash ratio to 0.89 as of December 31, 2021, and 1.06 as of September 30, 2020. These spikes in the cash ratio suggest an improvement in the company's liquidity position during those periods, indicating better financial stability and readiness to cover immediate expenses.
Overall, the cash ratio analysis indicates that Edgewell Personal Care Co has maintained a reasonable level of cash reserves relative to its short-term liabilities, ensuring a degree of financial flexibility in managing its obligations.
Peer comparison
Sep 30, 2024