Agilysys Inc (AGYS)

Quick ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash	US$ in thousands	144,891	112,842	96,971	99,180	46,653
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	29,441	22,378	25,175	25,732	35,869
Total current liabilities	US$ in thousands	89,371	78,515	71,466	61,155	69,423
Quick ratio		1.95	1.72	1.71	2.04	1.19

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($144,891K + $—K + $29,441K) ÷ $89,371K
= 1.95

The quick ratio of Agilysys Inc, which is a measure of the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the past five years. The quick ratio has been generally above 1, indicating that the company has adequate liquid assets to cover its short-term liabilities.

In the most recent fiscal year ending March 31, 2024, the quick ratio increased to 1.95 from 1.72 in the previous year, showing an improvement in the company's liquidity position. This increase suggests that Agilysys Inc has increased its ability to meet its short-term obligations with its readily available assets.

Looking back at the trend over the five-year period, the quick ratio has fluctuated within a range from 1.19 to 2.04. The lowest quick ratio of 1.19 in March 2020 might have signaled a potential liquidity concern, but the subsequent years saw improvements in liquidity with ratios above 1.5.

Overall, Agilysys Inc has generally maintained a healthy quick ratio over the past five years, with the most recent year showing an uptick in liquidity. However, it's important for the company to continue monitoring and managing its liquidity position to ensure it can meet its short-term obligations effectively.