Prestige Brand Holdings Inc (PBH)

Quick ratio

Mar 31, 2025 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
Cash US$ in thousands 97,884 50,874 51,540 34,256 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
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 194,293 167,274 163,547 171,695 176,775 174,288 158,456 157,950 167,016 157,081 145,992 145,451 139,330 134,263 146,553 130,346 114,671 116,004 122,207 112,324
Total current liabilities US$ in thousands 106,623 102,545 106,906 114,115 117,048 127,437 129,704 147,271 160,715 160,176 152,308 155,349 143,422 135,127 148,940 125,046 122,138 126,163 136,120 131,929
Quick ratio 2.74 2.13 2.01 1.80 1.91 1.87 1.68 1.44 1.40 1.52 1.24 1.17 1.16 1.15 1.27 2.35 1.20 1.41 1.09 1.29

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($97,884K + $—K + $194,293K) ÷ $106,623K
= 2.74

The quick ratio of Prestige Brand Holdings Inc has shown a generally positive trend over the past few years. The quick ratio, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has consistently remained above 1. This indicates that the company has an adequate level of liquid assets to cover its short-term obligations.

Specifically, the quick ratio ranged from 1.09 to 2.74 over the period from June 30, 2020, to March 31, 2025. While there were minor fluctuations in the ratio during this period, overall, the trend indicates that Prestige Brand Holdings Inc has maintained a solid liquidity position.

The ratio peaked at 2.74 on March 31, 2025, representing a significant increase in the company's ability to meet its short-term obligations with its liquid assets. This suggests that the company may have increased its cash reserves or other highly liquid assets during this period.

In conclusion, based on the quick ratio trend, Prestige Brand Holdings Inc appears to manage its short-term liquidity effectively, maintaining a healthy balance between liquid assets and short-term liabilities.