PC Connection Inc (CNXN)
Quick ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 178,318 | 167,511 | 128,213 | 147,579 | 144,954 | 240,509 | 243,983 | 134,810 | 122,930 | 116,190 | 94,896 | 67,409 | 108,310 | 89,728 | 115,665 | 92,257 | 95,655 | 108,051 | 165,943 | 111,323 |
| Short-term investments | US$ in thousands | 264,295 | 261,603 | 257,590 | 204,374 | 152,232 | 48,894 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 672,127 | 592,164 | 608,107 | 530,577 | 664,035 | 594,985 | 601,679 | 621,844 | 667,776 | 646,656 | 643,953 | 634,142 | 655,143 | 585,380 | 581,656 | 554,696 | 677,641 | 588,960 | 446,716 | 486,704 |
| Total current liabilities | US$ in thousands | 371,205 | 367,453 | 388,642 | 289,808 | 327,965 | 339,963 | 347,305 | 318,309 | 310,517 | 352,920 | 366,883 | 369,803 | 374,632 | 293,348 | 330,494 | 274,944 | 342,260 | 338,360 | 308,207 | 277,309 |
| Quick ratio | 3.00 | 2.78 | 2.56 | 3.05 | 2.93 | 2.60 | 2.43 | 2.38 | 2.55 | 2.16 | 2.01 | 1.90 | 2.04 | 2.30 | 2.11 | 2.35 | 2.26 | 2.06 | 1.99 | 2.16 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($178,318K
+ $264,295K
+ $672,127K)
÷ $371,205K
= 3.00
The quick ratio of PC Connection Inc shows a fluctuating trend over the years. The quick ratio measures the company's ability to pay its short-term obligations using its most liquid assets.
From March 31, 2020, to December 31, 2020, the quick ratio consistently improved from 2.16 to 2.26. This indicates the company had more than enough liquid assets to cover its current liabilities during this period.
However, from March 31, 2021, to June 30, 2022, the quick ratio varied between 1.90 and 2.35, showing some fluctuations but generally maintaining a healthy level above 1. This suggests that PC Connection Inc was able to meet its short-term obligations comfortably, although there were some changes in its liquidity position.
From September 30, 2022, to December 31, 2024, the quick ratio continued to show fluctuations but remained above 2 for most quarters. The ratio peaked at 3.05 on March 31, 2024, indicating a very strong liquidity position, and stayed consistently high at above 2.5 in the subsequent quarters.
Overall, the trend in PC Connection Inc's quick ratio suggests that the company has generally maintained a strong ability to meet its short-term liabilities with its liquid assets, although there have been fluctuations in its liquidity position over the years.
Peer comparison
Dec 31, 2024