The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Post Holdings's quick ratio for the quarter that ended in Dec. 2023 was 1.00.
Post Holdings has a quick ratio of 1.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for Post Holdings's Quick Ratio or its related term are showing as below:
POST'
s Quick Ratio Range Over the Past 10 Years
Min: 0.86 Med: 1.93 Max: 5.47
Current: 1
During the past 13 years, Post Holdings's highest Quick Ratio was 5.47. The lowest was 0.86. And the median was 1.93.
POST's Quick Ratio is ranked worse than 50.94% of 1908
companies
in the Consumer Packaged Goods industry
Industry Median: 1.03
vs POST: 1.00
Post Holdings Quick Ratio Historical Data
The historical data trend for Post Holdings's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Post Holdings Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Quick Ratio
1.93
1.73
1.53
2.03
0.86
Post Holdings Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
2.03
1.97
1.08
0.86
1.00
Competitive Comparison
For the Packaged Foods subindustry, Post Holdings's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Post Holdings Quick Ratio Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Post Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Post Holdings's Quick Ratio falls into.
Post Holdings Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Post Holdings's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Post Holdings (NYSE:POST) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Post Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Post Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Post Holdings (Post Holdings) Business Description
Post Holdings Inc is an consumer packaged goods holding company. It operates in Post Consumer Brands which Includes branded and private label ready-to-eat cereals, Weetabix it Includes the businesses of Weetabix Limited, which Post acquired in July 2017 and which produces and distributes branded and private label RTE cereal, hot cereals and other cereal-based food products, Foodservice which Includes primarily egg and potato products in the foodservice and food ingredient channels from the businesses of MFI Holding Corporation, lastly Refrigerated Retail segment Provides refrigerated retail products, inclusive of side dishes, eggs and egg products, sausage, cheese and other dairy and refrigerated products.
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