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.