Newell Brands Inc (NWL)
Quick ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 198,000 | 494,000 | 382,000 | 372,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,437,000 | 3,402,000 | 3,502,000 | 2,956,000 | 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 |
| Quick ratio | 0.08 | 0.15 | 0.11 | 0.13 | 0.11 | 0.13 | 0.10 | 0.08 | 0.09 | 0.15 | 0.07 | 0.11 | 0.13 | 0.13 | 0.17 | 0.20 | 0.27 | 0.28 | 0.21 | 0.16 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($198,000K
+ $—K
+ $—K)
÷ $2,437,000K
= 0.08
The quick ratio of Newell Brands Inc has shown fluctuations over the reporting periods provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From March 31, 2020, to December 31, 2024, the quick ratio ranged from 0.07 to 0.28. The ratio experienced a downward trend from 2020 to the first half of 2022, reaching its lowest point at 0.07 in June 30, 2022. However, there was a slight improvement in the ratio in the second half of 2022 and early 2023, before stabilizing around 0.10 to 0.15 from March 31, 2023, to September 30, 2024.
The fluctuations in the quick ratio indicate changes in the company's ability to cover its short-term liabilities with its quick assets. It would be important for stakeholders to further investigate the factors contributing to these changes in liquidity to assess the company's overall financial health and risk levels.
Peer comparison
Dec 31, 2024