Phibro Animal Health Corporation (PAHC)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	70,613	50,225	32,970	43,153	41,281	37,238	68,422	76,280	74,248	70,748	63,385	41,175	50,212	49,103	34,534	30,969	36,343	26,748	26,180	54,893
Short-term investments	US$ in thousands	44,000	48,523	59,523	48,000	40,000	40,000	10,000	10,000	17,000	22,100	32,100	56,000	43,000	44,000	61,000	61,000	55,000	55,000	49,000	24,000
Total current liabilities	US$ in thousands	204,148	189,072	187,735	172,355	176,000	165,308	167,569	172,499	190,832	187,102	166,628	152,586	164,116	168,891	166,903	160,952	157,238	161,232	147,059	141,973
Cash ratio		0.56	0.52	0.49	0.53	0.46	0.47	0.47	0.50	0.48	0.50	0.57	0.64	0.57	0.55	0.57	0.57	0.58	0.51	0.51	0.56

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($70,613K + $44,000K) ÷ $204,148K
= 0.56

The cash ratio of Phibro Animal Health Corporation has shown some fluctuations over the past 2 years, ranging from 0.46 to 0.64. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

In the most recent quarter, June 30, 2024, the cash ratio was 0.56, which suggests that the company had $0.56 in cash and cash equivalents for every $1 of current liabilities. This indicates that Phibro Animal Health Corporation has a relatively healthy liquidity position, with a reasonable level of cash to cover its short-term obligations.

Although there have been fluctuations in the cash ratio over the past quarters, the ratio has generally remained above 0.50, indicating that the company has maintained a prudent level of liquidity. It is important for investors and stakeholders to monitor the cash ratio over time to assess the company's ability to manage its short-term financial commitments effectively.