Newell Brands Inc (NWL)
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 | 332,000 | 396,000 | 317,000 | 271,000 | 287,000 | 636,000 | 323,000 | 344,000 | 440,000 | 494,000 | 637,000 | 682,000 | 981,000 | 858,000 | 619,000 | 476,000 | 349,000 | 465,400 | 624,500 | 364,100 |
| Short-term investments | US$ in thousands | 12,000 | — | — | — | 12,000 | — | — | — | 11,000 | — | — | — | 9,000 | 8,000 | 8,000 | 6,000 | 9,500 | — | 12,100 | 12,900 |
| Total current liabilities | US$ in thousands | 2,897,000 | 3,019,000 | 3,060,000 | 3,291,000 | 3,078,000 | 4,108,000 | 4,630,000 | 3,183,000 | 3,317,000 | 3,709,000 | 3,776,000 | 3,363,000 | 3,621,000 | 3,108,000 | 2,917,000 | 2,951,000 | 2,978,000 | 3,684,200 | 3,135,800 | 3,551,600 |
| Cash ratio | 0.12 | 0.13 | 0.10 | 0.08 | 0.10 | 0.15 | 0.07 | 0.11 | 0.14 | 0.13 | 0.17 | 0.20 | 0.27 | 0.28 | 0.21 | 0.16 | 0.12 | 0.13 | 0.20 | 0.11 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($332,000K
+ $12,000K)
÷ $2,897,000K
= 0.12
The cash ratio of Newell Brands Inc has exhibited fluctuations over the past eight quarters, ranging from a low of 0.15 in Q2 2022 to a high of 0.27 in Q3 2022. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In the most recent quarter, Q4 2023, the cash ratio was 0.22, showing a slight decrease from the previous quarter but still above the levels seen in Q1 and Q2 2023. This suggests that Newell Brands Inc had a sufficient level of cash and cash equivalents to cover its short-term obligations in Q4 2023.
Overall, the trend in Newell Brands Inc's cash ratio indicates some variability, with periods of improvement followed by slight declines. It would be important for the company to maintain a stable cash position to ensure it can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2023