Appfolio Inc (APPF)

Cash ratio

		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	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	42,504	62,417	59,639	59,214	49,509	59,937	24,698	103,925	70,769	67,232	42,626	49,536	57,847	84,444	48,610	44,744	140,263	144,028	53,315	56,779
Short-term investments	US$ in thousands	235,745	268,951	221,693	184,298	162,196	131,589	139,273	65,022	89,297	72,018	75,425	78,389	64,600	76,034	102,978	103,341	28,256	32,689	20,930	7,952
Total current liabilities	US$ in thousands	63,280	63,697	63,349	56,057	69,766	74,147	74,711	79,827	61,343	57,765	54,719	54,020	52,642	49,202	48,785	43,037	49,805	56,151	47,307	38,649
Cash ratio		4.40	5.20	4.44	4.34	3.03	2.58	2.19	2.12	2.61	2.41	2.16	2.37	2.33	3.26	3.11	3.44	3.38	3.15	1.57	1.67

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($42,504K + $235,745K) ÷ $63,280K
= 4.40

The cash ratio of Appfolio Inc has shown a generally positive trend over the analyzed period, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents. The ratio ranged from a low of 1.57 in June 2020 to a high of 5.20 in September 2024. The ratio consistently improved from September 2020 onwards, reaching its peak in September 2024. This trend suggests that the company has been effective in managing its liquidity position over time. However, there was a slight dip in the cash ratio from March 2024 to June 2024 before rebounding in the subsequent quarters. Overall, the increasing trend in the cash ratio is a positive indicator of the company's financial health and its ability to meet its short-term obligations with available cash resources.