Bill Com Holdings Inc (BILL)

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
Cash and cash equivalents	US$ in thousands	1,566,270	853,470	985,941	952,474	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	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	4,122,210	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		0.54	0.36	0.39	0.47	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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,566,270K + $644,672K) ÷ $4,122,210K
= 0.54

The cash ratio of Bill Com Holdings Inc has shown fluctuations over the period from September 30, 2020, to December 31, 2024. Starting at 0.41 on September 30, 2020, the ratio improved to 0.88 on March 31, 2021, indicating a higher level of cash compared to current liabilities. However, the ratio decreased to 0.50 on June 30, 2021, before climbing back to 0.79 on both June 30, 2022, and September 30, 2022.

Thereafter, the cash ratio fluctuated between 0.60 to 0.80 until December 31, 2023. The ratio dropped to 0.47 on March 31, 2024, signifying a lower level of cash relative to current liabilities. By the end of December 31, 2024, the cash ratio stood at 0.54. Overall, the company's ability to cover its current liabilities with its available cash varied throughout the analyzed period.