Bill Com Holdings Inc (BILL)

Quick 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 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
Receivables US$ in thousands 28,911 31,934 44,749 29,891 26,652 24,100 42,233 34,065 31,261 29,060 35,445 26,859 24,433 19,815 18,222 9,584 7,037 5,042
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
Quick ratio 0.54 0.37 0.40 0.48 0.63 0.72 0.72 0.81 0.73 0.80 0.80 0.64 0.60 0.77 0.51 0.89 0.77 0.41

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,566,270K + $644,672K + $28,911K) ÷ $4,122,210K
= 0.54

The quick ratio of Bill Com Holdings Inc has displayed fluctuations over the observed period from September 30, 2020, to December 31, 2024. Starting at 0.41 in September 2020, the quick ratio increased steadily, reaching its peak at 0.89 by March 31, 2021. However, there was a decline in the ratio to 0.51 by June 30, 2021. The ratio then improved again to 0.77 by December 31, 2021.

The quick ratio continued to fluctuate between 0.60 and 0.81 from December 2021 to March 2024, with no significant trend observed during this period. However, the quick ratio dropped to 0.40 by June 30, 2024, indicating a potential liquidity issue. Subsequently, there was a slight recovery to 0.37 by September 30, 2024, before increasing to 0.54 by December 31, 2024.

Overall, the quick ratio of Bill Com Holdings Inc reflects fluctuations in its ability to meet short-term obligations with its most liquid assets. It is important for stakeholders to monitor these fluctuations to assess the company's liquidity position and manage potential risks effectively.