Edgewell Personal Care Co (EPC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,005,500 | 962,400 | 988,600 | 1,009,200 | 1,007,500 | 942,200 | 933,700 | 968,700 | 966,900 | 1,135,700 | 1,102,000 | 987,700 | 933,400 | 983,600 | 1,151,500 | 989,200 | 946,600 | 1,044,400 | 1,035,600 | 1,021,800 |
| 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 |
| Current ratio | 2.15 | 1.84 | 1.71 | 1.77 | 2.01 | 1.75 | 1.62 | 1.78 | 2.00 | 2.12 | 2.01 | 2.04 | 2.18 | 1.93 | 2.38 | 2.03 | 2.05 | 1.58 | 1.53 | 2.01 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,005,500K ÷ $467,700K
= 2.15
The current ratio is a liquidity ratio that measures a company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to cover short-term liabilities.
Looking at the data provided for Edgewell Personal Care Co, we can observe fluctuations in the current ratio over the past several quarters. In Q1 2024, the current ratio stands at 2.15, indicating that the company has $2.15 in current assets for every $1 of current liabilities. This represents a significant improvement compared to the previous quarter, Q4 2023, where the current ratio was 1.84.
The current ratio has been trending upwards since Q2 2023, where it was 1.77, reaching a peak in Q1 2024. This improvement suggests that Edgewell Personal Care Co has been managing its current assets and liabilities more effectively, potentially through increased cash reserves, better inventory management, or reduction in short-term debt.
It is also worth noting that the current ratio in Q1 2024, at 2.15, is higher than the ratios reported in the corresponding quarters of the previous fiscal years, indicating a positive trend in the company's liquidity position.
Overall, the increasing current ratio of Edgewell Personal Care Co suggests that the company has a healthier liquidity position and is better equipped to meet its short-term financial obligations. This trend may reflect improved financial management practices and stronger financial health.
Peer comparison
Dec 31, 2023