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