CACI International Inc (CACI)

Liquidity ratios

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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Current ratio 1.27 1.28 1.32 1.24 1.22 1.23 1.20 1.17 1.18 1.29 1.42 1.49 1.50 1.34 1.29 1.46 1.41 1.38 1.33 1.35
Quick ratio 1.08 1.08 1.09 1.03 1.02 1.04 1.00 0.97 1.01 1.06 1.04 1.05 1.09 1.15 1.10 1.25 1.23 1.18 1.17 1.20
Cash ratio 0.12 0.15 0.13 0.12 0.12 0.10 0.12 0.14 0.11 0.13 0.13 0.12 0.10 0.13 0.13 0.17 0.14 0.10 0.09 0.11

Based on the liquidity ratios of CACI International Inc over the past few quarters, we can observe the following trends:

1. Current Ratio:
- The current ratio has fluctuated slightly over the quarters, ranging from 1.17 to 1.32.
- Generally, the company has maintained a current ratio above 1, indicating that it has more current assets to cover its current liabilities.
- The ratio peaked at 1.49 in March 2023 and has since slightly declined, though it remains above 1.

2. Quick Ratio:
- The quick ratio has also shown some variation, with values ranging between 0.97 and 1.25.
- Similar to the current ratio, the quick ratio has generally been above 1, suggesting that the company can cover its immediate liabilities without relying on inventory.
- Notably, the quick ratio increased to 1.25 in March 2020, indicating a strong ability to meet short-term obligations without relying on inventory sales.

3. Cash Ratio:
- The cash ratio fluctuated between 0.10 and 0.17 over the quarters.
- While the cash ratio is generally lower than the current and quick ratios, it provides insight into the company's ability to cover short-term liabilities with cash and cash equivalents.
- The ratio peaked at 0.17 in December 2020, indicating a relatively higher proportion of cash to current liabilities at that time.

Overall, CACI International Inc has maintained relatively stable liquidity positions with a current ratio above 1 and quick ratio consistently above 1 as well. The company's ability to meet short-term obligations appears to be supported by a reasonable level of current assets, including cash and equivalents. However, it is important to continue monitoring these ratios to ensure ongoing liquidity strength and financial stability.

Additional liquidity measure

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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Cash conversion cycle days 40.36 38.72 40.28 41.05 45.33 43.91 39.75 38.78 41.81 44.88 44.46 44.77 48.81 50.72 47.78 51.65 52.38 45.04 49.86 52.55

CACI International Inc's cash conversion cycle has fluctuated over the past few quarters. The company's cash conversion cycle, a key measure of the efficiency of its working capital management, has ranged from a low of 38.72 days to a high of 52.55 days over the last two years.

On average, CACI International Inc takes around 45 days to convert its investments in inventory and other resources into cash receipts from customers. A lower cash conversion cycle indicates that the company is able to efficiently manage its working capital, while a higher cycle may suggest potential inefficiencies in the company's operations.

Looking at the trend over the past quarters, there seems to be some variability in the cash conversion cycle, with fluctuations possibly influenced by factors such as changes in inventory management, payment terms with customers, and the efficiency of accounts receivable collection.

Overall, monitoring and analyzing the cash conversion cycle can provide insights into CACI International Inc's ability to efficiently manage its working capital and generate cash flows from its operations.