Broadridge Financial Solutions Inc (BR)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 561,500 | 304,400 | 252,300 | 224,700 | 274,500 |
| Short-term investments | US$ in thousands | — | 800 | 700 | 600 | 700 |
| Receivables | US$ in thousands | 1,077,100 | 1,065,600 | 974,000 | 946,900 | 820,300 |
| Total current liabilities | US$ in thousands | 1,861,300 | 1,421,800 | 2,397,800 | 1,313,400 | 1,288,000 |
| Quick ratio | 0.88 | 0.96 | 0.51 | 0.89 | 0.85 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($561,500K
+ $—K
+ $1,077,100K)
÷ $1,861,300K
= 0.88
The quick ratio of Broadridge Financial Solutions Inc. demonstrates notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased marginally from 0.85 in 2021 to 0.89 in 2022, indicating a slight improvement in the company's short-term liquidity position, with liquid assets sufficient to cover approximately 85% to 89% of current liabilities.
However, there was a significant decline in the quick ratio by June 30, 2023, dropping to 0.51. This substantial decrease suggests a reduction in the company's liquid assets relative to its current liabilities, implying a deteriorated short-term liquidity position and potentially increased liquidity risk during that period.
Subsequently, the quick ratio exhibits recovery in the following years, reaching 0.96 by June 30, 2024, and slightly tapering to 0.88 by June 30, 2025. The ratio approaching and surpassing the 1.0 threshold in 2024 indicates an improved liquidity position, with liquid assets nearly covering or exceeding current liabilities. The subsequent slight decline maintains a relatively strong liquidity position, close to the levels observed in 2022.
Overall, the trend of Broadridge’s quick ratio illustrates periods of liquidity concern around mid-2023 but reflects an overall capacity to manage short-term obligations effectively, especially in the most recent years, with ratios indicating adequate liquidity management relative to current liabilities.
Peer comparison
Jun 30, 2025