CACI International Inc (CACI)

Quick ratio

		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	US$ in thousands	133,961	159,226	128,851	125,546	115,776	106,789	114,738	136,636	114,804	125,074	124,103	104,430	88,031	105,591	102,114	124,862	107,236	77,156	68,645	83,182
Short-term investments	US$ in thousands	—	777	1,438	2,363	17	703	1,305	1,952	337	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	1,031,310	1,013,680	947,452	1,002,640	894,946	1,004,730	868,629	794,777	926,144	857,181	854,415	774,934	879,851	860,720	747,845	820,157	841,227	839,135	828,795	848,463
Total current liabilities	US$ in thousands	1,078,260	1,084,840	986,126	1,100,130	993,971	1,064,460	981,648	965,831	1,027,360	927,442	937,019	836,274	884,801	842,891	772,804	753,354	769,159	779,165	769,391	773,624
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

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

The quick ratio of CACI International Inc has been relatively stable over the past quarters, ranging from 0.97 to 1.25. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has an adequate amount of liquid assets to cover its current liabilities.

From the data provided, CACI International Inc's quick ratio has generally been favorable, staying above the ideal threshold of 1. However, a slight decrease in the quick ratio from 1.15 in Mar 31, 2021, to 1.08 in Jun 30, 2024, may indicate a potential decrease in the company's liquidity position. It is important for investors and stakeholders to monitor the trend of the quick ratio over time to assess the company's ability to meet its short-term obligations effectively.