ACI Worldwide Inc (ACIW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 216,394 | 164,239 | 124,981 | 122,059 | 165,374 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 602,628 | 1,037,250 | 858,842 | 754,155 | 905,605 |
| Quick ratio | 0.36 | 0.16 | 0.15 | 0.16 | 0.18 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($216,394K
+ $—K
+ $—K)
÷ $602,628K
= 0.36
The quick ratio of ACI Worldwide Inc has shown fluctuating trends over the past five years. As of December 31, 2020, the quick ratio was 0.18, indicating that the company had $0.18 of liquid assets available to cover each dollar of current liabilities. However, the quick ratio decreased to 0.16 by December 31, 2021, and further dropped to 0.15 by December 31, 2022, reflecting a potential liquidity concern.
There was a slight improvement in the quick ratio to 0.16 by December 31, 2023, but the ratio significantly increased to 0.36 by December 31, 2024, showcasing a substantial improvement in the company's ability to meet its short-term obligations with its liquid assets. This jump in the quick ratio suggests that ACI Worldwide Inc may have enhanced its liquidity position, which could be a positive sign for the company's financial health.
Overall, while the quick ratio of ACI Worldwide Inc has experienced fluctuations, the notable increase observed in 2024 indicates an improvement in the company's short-term liquidity position compared to the earlier years. Monitoring this ratio in conjunction with other financial indicators can provide a comprehensive assessment of the company's liquidity and financial stability.
Peer comparison
Dec 31, 2024