Prestige Brand Holdings Inc (PBH)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	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	150,517	144,502	142,602	142,927
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
Quick ratio		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	1.64	1.16	1.16	1.20

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($46,469K + $—K + $176,775K) ÷ $117,048K
= 1.91

The quick ratio of Prestige Brand Holdings Inc has shown fluctuations over the past few quarters, ranging from a low of 1.09 to a high of 2.35. Generally, a quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.

The trend in the quick ratio over the latest quarters suggests fluctuations in the company's ability to meet its short-term obligations using its most liquid assets. For instance, the quick ratio increased to 1.91 in Mar 31, 2024, from 1.40 in Mar 31, 2023, indicating an improvement in short-term liquidity position.

In analyzing the quick ratio, it is important to consider the industry norms and compare the company's ratio to its competitors. Additionally, further examination of the components that make up the quick ratio, such as cash, marketable securities, and receivables, can provide additional insights into the company's liquidity position.