Post Holdings Inc (POST)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 787,400 | 93,300 | 586,500 | 664,500 | 1,187,900 |
| Short-term investments | US$ in thousands | — | 10,600 | 94,800 | 152,600 | 6,800 |
| Total current liabilities | US$ in thousands | 944,900 | 805,300 | 823,800 | 1,049,200 | 974,400 |
| Cash ratio | 0.83 | 0.13 | 0.83 | 0.78 | 1.23 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($787,400K
+ $—K)
÷ $944,900K
= 0.83
The cash ratio of Post Holdings Inc has varied over the past five years. As of September 30, 2024, the cash ratio stood at 0.83, indicating that the company had $0.83 in cash and cash equivalents for every $1 of current liabilities. This represents a significant improvement from the previous year's ratio of 0.13.
The cash ratio in 2022 and 2021 was also 0.83 and 0.78, respectively, suggesting a stable level of liquidity during those years. However, there was a noticeable increase in the cash ratio in 2020, where it reached 1.23, reflecting a higher level of liquidity compared to the other years.
Overall, the trend in the cash ratio of Post Holdings Inc shows fluctuations but generally indicates that the company has been able to maintain a reasonable level of cash on hand to cover its short-term obligations, with the ratio peaking in 2020. It is important to consider the reasons behind these fluctuations and assess the company's overall liquidity position in conjunction with other financial metrics.
Peer comparison
Sep 30, 2024