Prestige Brand Holdings Inc (PBH)

Cash ratio

		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	Jun 30, 2019
Cash and cash equivalents	US$ in thousands	46,469	63,615	60,067	54,580	58,489	86,358	42,442	35,869	27,185	21,018	42,818	163,624	32,302	62,103	26,603	57,941	94,760	28,591	27,905	29,042
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	117,048	127,437	129,704	147,271	160,715	160,176	152,308	155,349	143,422	135,127	148,940	125,046	122,138	126,163	136,120	131,929	149,881	149,036	146,894	143,491
Cash ratio		0.40	0.50	0.46	0.37	0.36	0.54	0.28	0.23	0.19	0.16	0.29	1.31	0.26	0.49	0.20	0.44	0.63	0.19	0.19	0.20

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 fluctuated over the past few quarters. As of March 31, 2024, the cash ratio stands at 0.40, indicating that the company has $0.40 in cash and cash equivalents for every $1 of current liabilities. The downward trend from December 2022 to March 2024 suggests a decrease in the company's ability to cover its short-term liabilities with its cash holdings, which may raise concerns about liquidity management. However, it is important to note that a cash ratio above 0.20 generally indicates a healthy liquidity position. The significant spike in the cash ratio in September 2021 to 1.31 could be an anomaly or triggered by a specific event that led to a temporary increase in cash holdings. Overall, further analysis of the company's cash management practices and cash flow trends is recommended to better understand the fluctuations in the cash ratio.