Akamai Technologies Inc (AKAM)

Quick ratio

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	489,468	459,907	298,612	298,800	542,337	457,816	426,710	377,811	536,725	1,264,590	581,068	456,799	352,917	742,521	572,288	384,103	393,745	738,462	515,896	688,698
Short-term investments	US$ in thousands	746,985	954,678	983,573	905,903	1,125,290	406,332	263,979	129,058	1,082,040	1,304,620	1,670,510	1,662,080	1,489,450	701,515	800,321	865,168	2,286,260	831,749	526,596	429,932
Receivables	US$ in thousands	724,302	713,382	698,445	705,817	679,206	622,027	668,425	718,793	675,926	660,092	656,609	666,536	660,052	630,406	644,659	613,809	551,943	516,657	523,382	529,346
Total current liabilities	US$ in thousands	836,038	810,491	860,774	836,253	818,868	753,011	817,084	869,265	790,341	731,440	647,449	715,131	758,170	717,124	657,422	630,247	693,336	602,523	590,814	569,706
Quick ratio		2.35	2.63	2.30	2.28	2.87	1.97	1.66	1.41	2.90	4.41	4.49	3.89	3.30	2.89	3.07	2.96	4.66	3.46	2.65	2.89

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($489,468K + $746,985K + $724,302K) ÷ $836,038K
= 2.35

The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio generally indicates better liquidity and a lower risk of financial distress.

Based on the data provided for Akamai Technologies Inc, the quick ratio has fluctuated over the past eight quarters. The quick ratio ranged between 1.68 and 2.41, with the highest value recorded in Q4 2022 and the lowest in Q1 2022.

In terms of recent trends, the quick ratio has shown a general upward trajectory from Q1 2022 to Q3 2023, with occasional fluctuations in between. This indicates an improvement in Akamai's short-term liquidity position over the quarters analyzed.

Overall, with quick ratios consistently above 1.0 and mostly above 2.0 in recent quarters, Akamai appears to have a strong ability to cover its short-term obligations with its quick assets. Investors and stakeholders may view this positively as it suggests the company has solid liquidity to meet its current liabilities.