Edgewell Personal Care Co (EPC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 177,400 | 168,800 | 190,200 | 223,200 | 163,000 | 177,500 | 201,100 | 226,300 | 201,700 | 199,400 | 191,700 | 237,300 | 210,800 | 205,500 | 217,700 | 245,400 | 218,900 | 257,700 | 287,100 | 294,000 |
| 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 |
| Quick ratio | 0.84 | 0.74 | 0.69 | 0.67 | 0.69 | 0.68 | 0.67 | 0.76 | 0.91 | 1.26 | 1.15 | 1.07 | 1.15 | 1.12 | 1.51 | 1.14 | 1.02 | 0.91 | 0.83 | 1.06 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($214,200K
+ $—K
+ $177,400K)
÷ $467,700K
= 0.84
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Looking at the quick ratio trend for Edgewell Personal Care Co over the past eight quarters, we can see fluctuations in the ratio. In Q1 2024, the quick ratio was 1.03, indicating a healthy position with more than enough liquid assets to cover short-term liabilities. This is an improvement compared to the previous quarter (Q4 2023) where the quick ratio was 0.90.
However, it's worth noting that the quick ratio has varied over the quarters, with some periods showing ratios below 1, indicating a potential risk of liquidity issues. For instance, in Q3 2023 and Q2 2023, the quick ratio was 0.84 and 0.82 respectively, which may raise concerns about the company's ability to meet short-term obligations with its current liquid assets.
Overall, while the recent quick ratio of 1.03 in Q1 2024 shows a favorable liquidity position for Edgewell Personal Care Co, investors and stakeholders should monitor the trend and potential fluctuations in the ratio to assess the company's ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2023