Agilysys Inc (AGYS)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 144,891 | 112,842 | 96,971 | 99,180 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | — | 89,371 | 78,515 | 71,466 | 61,001 |
| Cash ratio | — | 1.62 | 1.44 | 1.36 | 1.63 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $—K
= —
The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. It indicates the proportion of a company's current assets that are in the form of cash, providing insight into its liquidity and ability to meet immediate obligations.
Analyzing Agilysys Inc's cash ratio over the past five years, we observe the following trends:
- In March 2021, the cash ratio was 1.63, indicating that the company had $1.63 in cash and cash equivalents for every dollar of current liabilities. This suggests a strong liquidity position at that time.
- By March 2022, the cash ratio decreased to 1.36, indicating a slight decline in liquidity compared to the previous year. This may signal a reduction in cash reserves relative to short-term obligations.
- In March 2023, the cash ratio improved to 1.44, showing a slight recovery in liquidity from the previous year but still lower than the initial ratio in 2021.
- The cash ratio increased to 1.62 by March 2024, indicating a stronger liquidity position compared to the previous years, nearing the level observed in 2021.
- Notably, the data for March 31, 2025, is unavailable ("—"), making it challenging to assess the company's current liquidity position and how it has evolved over time.
Overall, Agilysys Inc's cash ratio has shown fluctuations over the past five years, with varying levels of liquidity. It is essential for investors and stakeholders to monitor this ratio closely to understand the company's ability to meet its short-term obligations and manage its cash resources effectively.
Peer comparison
Mar 31, 2025