Prestige Brand Holdings Inc (PBH)

Current 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
Total current assets	US$ in thousands	375,043	393,786	388,198	391,758	391,743	408,847	336,653	324,615	293,267	275,266	304,810	408,524	269,835	301,211	269,853	295,564	365,654	300,369	304,886	310,521
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
Current ratio		3.20	3.09	2.99	2.66	2.44	2.55	2.21	2.09	2.04	2.04	2.05	3.27	2.21	2.39	1.98	2.24	2.44	2.02	2.08	2.16

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $375,043K ÷ $117,048K
= 3.20

The current ratio of Prestige Brand Holdings Inc has fluctuated over the past several quarters, indicating varying levels of liquidity and ability to meet short-term liabilities. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has shown a general increasing trend since the beginning of 2020, peaking at 3.27 in March 2021.

In the most recent quarter, as of March 31, 2024, Prestige Brand Holdings Inc has a current ratio of 3.20, indicating that the company has $3.20 in current assets for every $1 in current liabilities, reflecting a healthy liquidity position. This suggests that the company has a strong ability to meet its short-term financial obligations.

Overall, the upward trend in the current ratio reflects positive liquidity management by Prestige Brand Holdings Inc, enhancing its ability to handle short-term financial demands effectively.