ACI Worldwide Inc (ACIW)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	206,209	198,154	191,902	192,524	188,949	168,654	163,612	161,731	160,787	154,633	150,665	151,080	342,879	165,456	179,747	160,817	359,197	183,290	154,271	155,144
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
Quick ratio		0.36	0.36	0.41	0.48	0.37	0.30	0.33	0.34	0.38	0.37	0.39	0.47	0.56	0.51	0.53	0.50	0.79	0.41	0.34	1.27

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 shown consistency in the recent quarters, hovering around the range of 1.21 to 1.36. This indicates that the company has a strong ability to meet its short-term obligations using its most liquid assets. A quick ratio of above 1 suggests that ACI Worldwide Inc has an adequate level of liquid assets to cover its current liabilities, reflecting a healthy liquidity position. The gradual increase from 1.21 in Q3 2022 to 1.36 in Q4 2023 shows an improving liquidity position over time, providing assurance of the company's ability to handle its short-term financial commitments. Overall, the quick ratio analysis suggests that ACI Worldwide Inc is managing its liquidity effectively, which is a positive indicator for the company's financial health.