CACI International Inc (CACI)

Quick ratio

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Cash US$ in thousands 133,961 115,776 114,804 88,031 107,236
Short-term investments US$ in thousands 17 337
Receivables US$ in thousands 1,031,310 894,946 926,144 879,851 841,227
Total current liabilities US$ in thousands 1,078,260 993,971 1,027,360 884,801 769,159
Quick ratio 1.08 1.02 1.01 1.09 1.23

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($133,961K + $—K + $1,031,310K) ÷ $1,078,260K
= 1.08

A company's quick ratio is a measure of its ability to meet its short-term obligations with its most liquid assets. CACI International Inc's quick ratio has shown some fluctuation over the past five years.

As of June 30, 2024, the quick ratio stands at 1.08, indicating that the company has $1.08 of liquid assets available to cover each dollar of its current liabilities. This suggests that the company has a relatively healthy level of liquidity to meet its short-term obligations.

Comparing this to the previous years, we see a slight improvement from the quick ratio of 1.02 in 2023 and 1.01 in 2022. However, it is lower than the quick ratio of 1.09 in 2021 and significantly lower than the quick ratio of 1.23 in 2020.

Overall, while the current quick ratio of 1.08 indicates sufficient liquidity to cover short-term liabilities, the declining trend over the past few years may warrant further investigation to understand the factors driving this change in liquidity. It is essential for stakeholders to monitor this ratio closely to ensure the company's ability to meet its short-term obligations remains strong.


Peer comparison

Jun 30, 2024