Agilysys Inc (AGYS)

Quick ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash	US$ in thousands	—	144,891	112,842	96,971	99,180
Short-term investments	US$ in thousands	—	—	—	—	—
Receivables	US$ in thousands	—	31,728	24,620	26,844	28,096
Total current liabilities	US$ in thousands	—	89,371	78,515	71,466	61,001
Quick ratio		—	1.98	1.75	1.73	2.09

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K + $—K + $—K) ÷ $—K
= —

The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets.

For Agilysys Inc, the quick ratio has been relatively stable over the past few years. As of March 31, 2021, the quick ratio was 2.09, indicating a strong ability to cover its short-term liabilities with liquid assets.

However, there was a slight decline in the quick ratio to 1.73 as of March 31, 2022, which could suggest a potential decrease in the company's ability to quickly cover its short-term obligations.

Subsequently, the quick ratio improved to 1.75 as of March 31, 2023, indicating a slight recovery in the company's liquidity position. This improvement continued with a quick ratio of 1.98 as of March 31, 2024, suggesting a better ability to meet short-term obligations.

The absence of a quick ratio for March 31, 2025 indicates that the data might not be available yet or that the company has not disclosed this information.

In summary, while there have been fluctuations in Agilysys Inc's quick ratio over the years, it is important for investors and stakeholders to monitor this ratio to assess the company's liquidity position and ability to meet short-term obligations effectively.