Prestige Brand Holdings Inc (PBH)

Cash ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	46,469	58,489	27,185	32,302	94,760
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	117,048	160,715	143,422	122,138	149,881
Cash ratio		0.40	0.36	0.19	0.26	0.63

March 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($46,469K + $—K) ÷ $117,048K
= 0.40

The cash ratio of Prestige Brand Holdings Inc has shown varying trends over the past five years. In the most recent fiscal year ending March 31, 2024, the cash ratio stood at 0.40, indicating that the company had $0.40 in cash and cash equivalents for every dollar of current liabilities.

Comparing this to previous years, the cash ratio has generally fluctuated. In the fiscal year ending March 31, 2023, the cash ratio was slightly lower at 0.36, suggesting a relatively similar liquidity position. However, in the fiscal year ending March 31, 2022, the cash ratio dropped significantly to 0.19, signaling a potential liquidity strain compared to the preceding years.

The fiscal year ending March 31, 2021, saw a slight improvement in the cash ratio to 0.26, indicating a better liquidity position compared to the previous year. Notably, in the fiscal year ending March 31, 2020, the cash ratio was the highest at 0.63, reflecting a strong liquidity position for the company at that time.

Overall, the cash ratio trend for Prestige Brand Holdings Inc shows some variability, with fluctuations in the company's ability to cover its short-term liabilities with its available cash and cash equivalents. It is essential to monitor this ratio over time to assess the company's liquidity adequacy and financial health.