Post Holdings Inc (POST)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 1,050,700 | 364,700 | 149,700 |
| Short-term investments | US$ in thousands | 706,400 | — | 10,800 | 352,300 | 348,800 | 94,800 | 482,800 | 447,700 | — | 152,600 | — | — | 106,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 802,900 | 715,700 | 649,400 |
| Cash ratio | 1.03 | 0.12 | 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 | 1.31 | 0.51 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($150,600K
+ $706,400K)
÷ $835,300K
= 1.03
The cash ratio of Post Holdings Inc has experienced fluctuations over the past eight quarters. In the most recent quarter (Q1 2024), the cash ratio was 0.28, indicating that the company had $0.28 in cash for every $1 of current liabilities. This represents a decrease from the previous quarter (Q4 2023) where the cash ratio was 0.19.
Looking further back, the cash ratio was relatively stable in Q3 and Q4 of 2023 at 0.35 and 0.19, respectively. However, there was a significant decline in Q2 2023, where the cash ratio dropped to 0.77, and an even higher ratio of 0.90 in Q1 2023.
During the second half of 2022, the cash ratio showed a steady decline from Q3 to Q1 of 2023, with ratios of 1.14, 1.34, and 0.95, respectively. Prior to that, Q2 2022 had the highest cash ratio of 1.34.
Overall, the trend in the cash ratio of Post Holdings Inc indicates some variability in the company's ability to cover its short-term obligations with its available cash resources. Monitoring this ratio over time can provide insights into the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023