Bill Com Holdings Inc (BILL)
Quick 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 | 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 |
| Receivables | US$ in thousands | 717,449 | 732,198 | 610,572 | 660,208 | 725,265 | 671,752 | 543,632 | 576,927 | 486,883 | 465,179 | 412,156 | 386,801 | 280,437 | 275,370 | 248,347 | 203,453 | 165,315 | 17,449 | 14,407 | 11,967 |
| 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 |
| Quick ratio | 0.66 | 0.72 | 0.68 | 0.53 | 0.61 | 0.68 | 0.75 | 0.87 | 0.84 | 0.94 | 0.83 | 0.91 | 0.88 | 0.70 | 0.65 | 0.82 | 0.57 | 0.89 | 0.78 | 0.42 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,139,970K
+ $1,180,110K
+ $717,449K)
÷ $4,588,660K
= 0.66
The quick ratio of Bill Com Holdings Inc exhibits significant fluctuations over the analyzed period, reflecting varying levels of short-term liquidity. Starting from a low of 0.42 as of September 30, 2020, the ratio generally shows an upward trend, peaking at 0.94 on March 31, 2023. This increase indicates a progressively stronger position in liquid assets relative to current liabilities, suggesting improved liquidity management or a reduction in reliance on less liquid current assets.
Between 2020 and early 2023, the ratio displayed consistent growth, with notable increases such as from 0.78 on December 31, 2020, to 0.89 on March 31, 2021, and then continuing upward to 0.91 by September 30, 2022. These movements highlight a stabilization and enhancement in the company's ability to meet short-term obligations with its most liquid assets.
Post-March 2023, the ratio experiences some decline, falling to 0.68 by March 31, 2024. This decrease indicates a relative reduction in liquid assets versus current liabilities, which may signal a slight weakening in liquidity position. Subsequent periods show minor fluctuations, with the ratio declining further to 0.53 on September 30, 2024, before rebounding to 0.72 by March 31, 2025.
Overall, the trend suggests that Bill Com Holdings Inc improved its liquidity position from 2020 through early 2023, reaching near-optimal levels of liquidity. However, the subsequent decline points to potential liquidity tightening, warranting further examination of asset management strategies or changes in current liabilities to assess the sustainability of its short-term financial health.
Peer comparison
Jun 30, 2025