ACI Worldwide Inc (ACIW)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 164,239 | 124,981 | 122,059 | 165,374 | 121,398 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,037,250 | 858,842 | 754,155 | 905,605 | 611,950 |
| Cash ratio | 0.16 | 0.15 | 0.16 | 0.18 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($164,239K
+ $—K)
÷ $1,037,250K
= 0.16
The cash ratio of ACI Worldwide Inc has shown relatively stable performance over the past five years, ranging from 0.82 to 0.92. This ratio indicates the company's ability to cover its short-term obligations with its cash and cash equivalents. A cash ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
ACI Worldwide's cash ratio has generally remained above 0.80, suggesting that the company has maintained strong liquidity levels to meet its immediate financial obligations. The slight fluctuations in the ratio over the years may reflect changes in the company's cash position relative to its short-term liabilities.
Overall, ACI Worldwide Inc's consistent cash ratio above 0.80 demonstrates the company's ability to manage its short-term financial obligations effectively through its available cash and cash equivalents.
Peer comparison
Dec 31, 2023