Agilysys Inc (AGYS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 60,761 | 54,888 | 144,111 | 144,891 | 116,200 | 107,413 | 107,093 | 112,842 | 105,818 | 96,196 | 94,897 | 96,971 | 115,122 | 106,389 | 103,911 | 99,180 | 92,608 | 85,706 | 74,604 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | 53,291 | 36,151 | 30,831 | 31,728 | 51,337 | 31,040 | 27,864 | 24,620 | 34,484 | 24,742 | 25,562 | 26,844 | 26,585 | 21,115 | 24,893 | 28,096 | 33,684 | 22,648 | 33,171 |
| 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 |
| Quick ratio | 0.00 | 0.99 | 0.95 | 2.26 | 1.98 | 1.84 | 1.90 | 1.83 | 1.75 | 1.73 | 1.95 | 1.92 | 1.73 | 2.21 | 2.44 | 2.26 | 2.09 | 2.16 | 2.37 | 1.92 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $111,024K
= 0.00
Agilysys Inc's quick ratio has shown fluctuations over the past few years, ranging from a low of 0.00 on March 31, 2025, to a high of 2.44 on September 30, 2021. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
An ideal quick ratio is generally considered to be around 1, indicating that the company has enough liquid assets to cover its short-term liabilities. Agilysys Inc's quick ratio has mostly been above 1 in the dataset provided, indicating a stronger liquidity position.
However, there are periods where the quick ratio falls below 1, such as on September 30, 2024, and December 31, 2024, indicating a potential liquidity concern during those periods. It's important to further investigate why the quick ratio fell significantly below 1 during these specific quarters and understand the impact on the company's ability to meet its short-term obligations.
Overall, while the quick ratio of Agilysys Inc has shown some variability, staying above 1 for the most part suggests that the company has been able to comfortably meet its short-term financial commitments using its liquid assets.
Peer comparison
Mar 31, 2025