Edgewell Personal Care Co (EPC)
Cash 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 and cash equivalents | US$ in thousands | 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 | 341,600 | 279,000 | 244,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 659,600 | 678,600 | 508,600 |
| Cash ratio | 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 | 0.52 | 0.41 | 0.48 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($214,200K
+ $—K)
÷ $467,700K
= 0.46
The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations.
In the case of Edgewell Personal Care Co, the cash ratio has fluctuated over the past eight quarters. The ratio has ranged from 0.51 to 0.74, with the highest value recorded in Q1 2024 and the lowest in Q2 2023.
The trend in the cash ratio shows some variability but generally indicates that Edgewell has maintained a reasonable level of cash reserves relative to its short-term liabilities. However, the company should continue to monitor and manage its liquidity position to ensure it has sufficient cash on hand to meet its obligations as they fall due.
Overall, the cash ratio analysis suggests that Edgewell has been effectively managing its liquidity in the recent quarters, but close attention should be paid to any significant changes in the ratio to avoid potential cash flow challenges.
Peer comparison
Dec 31, 2023