Post Holdings Inc (POST)
Cash ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 787,400 | 333,800 | 333,400 | 150,600 | 93,300 | 208,800 | 490,700 | 606,800 | 586,500 | 263,500 | 489,800 | 1,158,000 | 664,500 | 775,900 | 740,500 | 1,118,000 | 1,187,900 | 1,043,600 | 1,179,400 | 812,600 |
| Short-term investments | US$ in thousands | — | 3,600 | 3,600 | 706,400 | 10,600 | 10,800 | 352,300 | 348,800 | 94,800 | 482,800 | 447,700 | — | 152,600 | — | — | 106,000 | — | — | — | — |
| Total current liabilities | US$ in thousands | 944,900 | 857,200 | 839,500 | 835,300 | 805,300 | 795,300 | 779,500 | 788,200 | 823,800 | 757,700 | 794,000 | 941,400 | 1,049,200 | 930,900 | 890,100 | 890,100 | 974,400 | 748,000 | 736,900 | 883,100 |
| Cash ratio | 0.83 | 0.39 | 0.40 | 1.03 | 0.13 | 0.28 | 1.08 | 1.21 | 0.83 | 0.98 | 1.18 | 1.23 | 0.78 | 0.83 | 0.83 | 1.38 | 1.22 | 1.40 | 1.60 | 0.92 |
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 fluctuated over the past several quarters. As of September 30, 2024, the cash ratio is 0.83, indicating that the company has $0.83 in cash for every $1 of current liabilities. This represents an improvement from the previous quarter's ratio of 0.39, suggesting a strengthening liquidity position.
Looking further back, the cash ratio was notably higher in the fourth quarter of 2023 at 1.03, indicating a significant increase in the cash reserves relative to current liabilities. However, in the third quarter of 2023 and second quarter of 2023, the cash ratio was relatively low at 0.13 and 0.28, respectively, indicating potential liquidity challenges during those periods.
Overall, the cash ratio has shown some volatility but has generally remained above 1 in recent quarters, except for a few exceptions. A cash ratio above 1 typically indicates a strong ability to cover short-term obligations with cash on hand. Investors and stakeholders may find it important to monitor future trends in the cash ratio to assess the company's liquidity position and ability to meet its short-term financial obligations.
Peer comparison
Sep 30, 2024