Agilysys Inc (AGYS)

Current ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	—	131,210	108,701	186,765	188,937	183,694	153,411	149,438	154,658	159,083	136,427	132,140	136,173	149,614	134,223	134,827	133,250	131,952	115,544	116,942
Total current liabilities	US$ in thousands	111,024	114,950	95,889	77,404	89,371	91,207	72,707	73,893	78,515	81,132	62,054	62,777	71,466	64,151	52,199	57,019	61,001	58,425	45,777	56,054
Current ratio		0.00	1.14	1.13	2.41	2.11	2.01	2.11	2.02	1.97	1.96	2.20	2.10	1.91	2.33	2.57	2.36	2.18	2.26	2.52	2.09

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $111,024K
= 0.00

The current ratio of Agilysys Inc has exhibited fluctuations over the period under consideration. The ratio, which indicates the company's ability to cover its short-term obligations with its current assets, ranged from a high of 2.57 on September 30, 2021, to a low of 0.00 on March 31, 2025.

In general, a current ratio above 1.0 is considered healthy, as it suggests that the company has more current assets than current liabilities. Agilysys Inc maintained a current ratio above 2.0 for the majority of the period, indicating a comfortable buffer to meet its short-term obligations.

However, there are instances where the current ratio dropped significantly, such as on March 31, 2025, when it reached 0.00. This could be a cause for concern as it may indicate that the company's current liabilities exceed its current assets, potentially leading to liquidity issues.

It would be important to investigate the reasons behind such fluctuations in the current ratio to assess the company's liquidity position accurately and understand the underlying financial health of Agilysys Inc.