ACI Worldwide Inc (ACIW)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 216,394 | 164,239 | 124,981 | 122,059 | 165,374 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 602,628 | 1,037,250 | 858,842 | 754,155 | 905,605 |
| Cash ratio | 0.36 | 0.16 | 0.15 | 0.16 | 0.18 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($216,394K
+ $—K)
÷ $602,628K
= 0.36
The cash ratio of ACI Worldwide Inc has shown some fluctuation over the years based on the provided data. The ratio was at 0.18 as of December 31, 2020, indicating that the company had $0.18 in cash and cash equivalents for every dollar in current liabilities. In the following years, the ratio slightly decreased to 0.16 by December 31, 2021 and 0.15 by December 31, 2022, signaling a lower level of liquidity compared to the previous year.
However, there was a notable improvement by December 31, 2024, with the cash ratio significantly increasing to 0.36. This surge suggests that ACI Worldwide Inc had enhanced its ability to cover its short-term obligations with cash and cash equivalents by having $0.36 available for every dollar of current liabilities.
Overall, while the cash ratio experienced some variation, the substantial increase in 2024 indicates a strengthened liquidity position for ACI Worldwide Inc, which may provide the company with more financial flexibility to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024