ACI Worldwide Inc (ACIW)

Quick ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash US$ in thousands 164,239 124,981 122,059 165,374 121,398
Short-term investments US$ in thousands
Receivables US$ in thousands 206,209 188,949 160,787 342,879 359,197
Total current liabilities US$ in thousands 1,037,250 858,842 754,155 905,605 611,950
Quick ratio 0.36 0.37 0.38 0.56 0.79

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($164,239K + $—K + $206,209K) ÷ $1,037,250K
= 0.36

The quick ratio of ACI Worldwide Inc has exhibited a fluctuating trend over the past five years, ranging from 1.24 to 1.50. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

In 2023, the quick ratio stands at 1.36, indicating that the company has $1.36 in liquid assets available to cover each dollar of its current liabilities. This suggests a slight improvement compared to the previous year's ratio of 1.30.

The trend analysis reveals that in 2023, the company's quick ratio is higher than in 2021 and 2020, indicating a stronger ability to meet current obligations with readily available assets. However, it is lower than the quick ratio reported in 2019, which was at its peak at 1.50.

Overall, ACI Worldwide Inc's quick ratio has remained relatively healthy over the years, consistently above 1.0, indicating that the company has sufficient liquid assets to cover its short-term liabilities.


Peer comparison

Dec 31, 2023