Post Holdings Inc (POST)
Quick 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 | 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 | — | — | — | — |
| Receivables | US$ in thousands | 582,900 | 536,100 | 569,300 | 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 |
| 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 |
| Quick ratio | 1.45 | 1.02 | 1.08 | 1.73 | 0.77 | 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 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($787,400K
+ $—K
+ $582,900K)
÷ $944,900K
= 1.45
The quick ratio of Post Holdings Inc has shown fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.
From Sep 30, 2020, to Mar 31, 2022, the quick ratio consistently remained above 1, indicating a healthy liquidity position for the company during this period. However, there was a notable decrease in the quick ratio in the quarter ending Sep 30, 2022, where the ratio dropped to 0.77, suggesting a potential liquidity challenge during that period.
Post Holdings Inc managed to improve its liquidity position in the subsequent quarters, with the quick ratio increasing and staying above 1. The most recent data as of Sep 30, 2024, shows a quick ratio of 1.45, indicating that the company has improved its ability to meet short-term obligations with its liquid assets compared to the previous quarter.
Overall, while there have been fluctuations in the quick ratio of Post Holdings Inc, the company has generally maintained a healthy liquidity position in recent quarters, with only a slight dip in liquidity in the past. Continued monitoring of the quick ratio will be important to assess the company's ability to cover short-term liabilities in the future.
Peer comparison
Sep 30, 2024