Broadridge Financial Solutions Inc (BR)
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 | 561,500 | 317,100 | 289,900 | 292,800 | 304,400 | 235,600 | 277,000 | 234,000 | 252,300 | 331,600 | 280,000 | 227,000 | 224,700 | 277,300 | 281,100 | 316,700 | 274,500 | 355,700 | 365,600 | 356,600 |
| Short-term investments | US$ in thousands | — | 700 | 700 | 700 | 800 | 800 | 700 | 700 | 700 | 700 | 600 | 600 | 600 | 600 | 700 | 600 | 700 | 1,000 | 600 | 400 |
| Receivables | US$ in thousands | 1,077,100 | 1,184,200 | 1,040,300 | 895,300 | 1,065,600 | 1,165,100 | 892,200 | 916,200 | 974,000 | 1,096,200 | 860,200 | 840,100 | 946,900 | 988,000 | 779,500 | 730,000 | 820,300 | 871,000 | 625,000 | 619,100 |
| Total current liabilities | US$ in thousands | 1,861,300 | 1,264,300 | 1,114,300 | 972,400 | 1,421,800 | 1,122,400 | 971,100 | 924,000 | 2,397,800 | 1,163,000 | 1,018,900 | 991,700 | 1,313,400 | 1,176,800 | 1,087,800 | 966,600 | 1,288,000 | 1,002,500 | 837,900 | 744,000 |
| Quick ratio | 0.88 | 1.19 | 1.19 | 1.22 | 0.96 | 1.25 | 1.20 | 1.25 | 0.51 | 1.23 | 1.12 | 1.08 | 0.89 | 1.08 | 0.98 | 1.08 | 0.85 | 1.22 | 1.18 | 1.31 |
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. exhibits fluctuations over the analyzed period, reflecting varying levels of liquidity management. Starting at 1.31 as of September 30, 2020, the ratio declined to a low of 0.85 on June 30, 2021, indicating a temporary reduction in the company's ability to cover its current liabilities with its most liquid assets.
Subsequently, the quick ratio showed signs of recovery and stability, reaching 1.08 by September 30, 2021, and maintaining values close to or above 1 in the subsequent quarters, such as 1.12 on December 31, 2022, and 1.23 on March 31, 2023. This suggests that the company's liquidity position was generally adequate during this period, with assets readily convertible to cash surpassing short-term obligations.
A notable exception occurred on June 30, 2023, when the quick ratio sharply declined to 0.51, signaling a significant decrease in liquid assets relative to current liabilities, which could imply liquidity constraints or shifts in asset composition. However, this was followed by an improvement to 1.25 as of September 30, 2023, and sustained levels around 1.19 to 1.22 in subsequent periods, indicating a reinstatement of a comfortable liquidity buffer.
Throughout the period under review, the quick ratio generally ranged between approximately 0.85 and 1.31, with the majority of the data points exceeding or near the classic benchmark of 1.0, which is commonly regarded as indicative of solid liquidity. The significant dip observed in mid-2023 warrants further investigation into asset management strategies or short-term liabilities during that quarter. Overall, the company's quick ratio trends point towards a maintained capacity to meet short-term obligations predominantly supported by liquid assets, despite transient challenges.
Peer comparison
Jun 30, 2025