ACI Worldwide Inc (ACIW)

Cash 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 and cash equivalents	US$ in thousands	164,239	139,520	132,391	142,412	124,981	134,799	118,953	114,754	122,059	141,482	146,213	184,364	165,374	133,845	129,223	119,124	121,398	121,581	139,396	176,173
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,037,250	945,630	781,866	700,910	858,842	997,974	845,002	813,612	754,155	803,485	766,459	716,119	905,605	590,182	580,459	556,356	611,950	734,880	870,249	260,377
Cash ratio		0.16	0.15	0.17	0.20	0.15	0.14	0.14	0.14	0.16	0.18	0.19	0.26	0.18	0.23	0.22	0.21	0.20	0.17	0.16	0.68

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 exhibited fluctuation over the past eight quarters, ranging from 0.83 to 0.92. Generally, a cash ratio above 1.0 is considered healthy as it indicates that a company can cover its current liabilities with its cash and cash equivalents alone.

In the case of ACI Worldwide Inc, the cash ratio has mostly remained below 1.0, indicating that the company may not have enough cash on hand to cover its short-term obligations. However, it is important to note that the company's cash ratio has shown some stability around the range of 0.87 to 0.91 in the recent quarters, suggesting a consistent level of liquidity.

It is crucial for stakeholders to closely monitor ACI Worldwide Inc's cash ratio and assess the company's ability to meet its short-term financial obligations. Further analysis of the company's cash management practices and overall liquidity position would provide more insights into its financial health.