Post Holdings Inc (POST)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 586,700 | 512,400 | 564,900 | 576,300 | 539,100 | 544,200 | 551,300 | 477,800 | 531,800 | 452,400 | 562,900 | 554,800 | 452,700 | 441,600 | 419,500 | 551,200 | 451,800 | 445,100 | 473,400 | 500,400 |
| 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 |
| Quick ratio | 1.73 | 0.75 | 0.99 | 1.82 | 1.90 | 1.49 | 1.71 | 1.78 | 1.79 | 1.21 | 1.44 | 1.46 | 1.88 | 1.67 | 1.96 | 2.35 | 1.43 | 1.86 | 1.17 | 1.00 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($150,600K
+ $706,400K
+ $586,700K)
÷ $835,300K
= 1.73
The quick ratio of Post Holdings Inc has shown some fluctuations over the past eight quarters. The quick ratio represents the company's ability to meet its short-term obligations using its liquid assets such as cash and equivalents, marketable securities, and accounts receivable.
In Q1 2023, the quick ratio was at its highest at 1.58, indicating that the company had $1.58 in liquid assets for every $1 of current liabilities. This suggests a strong ability to cover short-term obligations without relying on inventory, which may not be as easily converted to cash.
Subsequently, the quick ratio decreased in Q2 and Q3 2023 to 1.51 and 1.06 respectively, possibly indicating a decrease in liquid assets or an increase in current liabilities. However, it is worth noting that a quick ratio above 1.0 generally implies that the company is in a good position to meet its short-term obligations.
In Q4 2023, the quick ratio decreased further to 0.83, which may raise concerns about the company's ability to cover its short-term liabilities with its current liquid assets. However, in Q1 2024, the quick ratio improved to 0.98, showing some recovery in the company's liquidity position.
Overall, while the fluctuations in the quick ratio of Post Holdings Inc may indicate some variability in its liquidity position, it is important to assess the trend over time and compare it to industry benchmarks to get a more comprehensive understanding of the company's liquidity management.
Peer comparison
Dec 31, 2023