Bill Com Holdings Inc (BILL)

Cash ratio

Jun 30, 2025 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
Cash and cash equivalents US$ in thousands 1,139,970 1,047,740 1,566,270 853,470 1,160,040 1,105,500 1,579,630 1,527,180 1,617,150 1,590,560 1,616,760 1,608,970 1,596,540 1,639,370 1,672,170 2,013,430 509,615 1,223,720 1,568,680 564,153
Short-term investments US$ in thousands 1,180,110 1,125,350 644,672 619,596 601,535 837,140 972,621 1,119,460 1,043,110 1,073,010 1,066,540 1,034,540 1,108,490 1,143,410 1,117,170 821,554 655,314 512,520 165,588 136,171
Total current liabilities US$ in thousands 4,588,660 4,017,580 4,122,210 4,055,710 4,063,020 3,826,510 4,118,190 3,700,500 3,753,440 3,335,460 3,731,240 3,326,020 3,408,660 4,391,780 4,665,200 3,697,260 2,325,660 1,969,830 2,256,070 1,702,360
Cash ratio 0.51 0.54 0.54 0.36 0.43 0.51 0.62 0.72 0.71 0.80 0.72 0.79 0.79 0.63 0.60 0.77 0.50 0.88 0.77 0.41

June 30, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,139,970K + $1,180,110K) ÷ $4,588,660K
= 0.51

The cash ratio of Bill Com Holdings Inc exhibits variability over the analyzed period, reflecting fluctuations in the company's liquidity position with respect to its cash and cash equivalents relative to current liabilities. Starting from a low of 0.41 as of September 30, 2020, the ratio increased substantially to a peak of 0.88 on March 31, 2021, indicating an enhanced liquidity buffer during that period. Subsequently, the ratio experienced some volatility, reaching levels close to 0.77 on December 31, 2021, and March 31, 2022, before peaking again at 0.79 on June 30 and September 30, 2022.

Post-2022, the ratio demonstrated a declining trend, dropping to 0.72 by December 31, 2022, but still maintaining a relatively stable range of around 0.60 to 0.80 through early 2023. Notably, on September 30, 2023, the ratio was at 0.72, indicating a consistent liquidity position comparable to prior periods. However, in the subsequent quarters, there was a downward shift, with the ratio falling to 0.54 by December 31, 2023, and further declining to approximately 0.36 by September 30, 2024, reflecting a diminishing cash cushion relative to short-term obligations.

Despite this decline, the ratio shows signs of rebound in late 2024 and mid-2025, reaching approximately 0.54 and 0.51 respectively as of June 30 and September 30, 2025. Overall, the trend indicates periods of relative liquidity strength intermixed with phases of decreased cash coverage, suggesting fluctuations in cash holdings and short-term liabilities, which may impact the company's immediate liquidity management and ability to meet short-term obligations without relying on other current assets.