CSG Systems International Inc (CSGS)

Cash ratio

		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	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	186,264	146,730	146,212	167,681	150,365	146,685	133,770	181,457	205,635	195,365	163,768	150,609	188,699	174,489	144,019	107,744	156,548	160,630	113,777	123,572
Short-term investments	US$ in thousands	0	0	0	0	71	575	1,265	6,133	28,037	29,175	48,300	54,539	51,598	37,600	27,183	23,529	26,109	11,337	17,674	18,333
Total current liabilities	US$ in thousands	560,836	461,533	431,102	441,735	527,209	445,380	683,437	646,877	695,102	663,241	623,239	587,733	436,260	357,386	370,767	344,803	418,693	357,079	335,584	319,480
Cash ratio		0.33	0.32	0.34	0.38	0.29	0.33	0.20	0.29	0.34	0.34	0.34	0.35	0.55	0.59	0.46	0.38	0.44	0.48	0.39	0.44

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($186,264K + $0K) ÷ $560,836K
= 0.33

The cash ratio measures a company's ability to cover its short-term liabilities using its available cash and cash equivalents. The cash ratio for CSG Systems International Inc. has remained relatively stable over the past eight quarters, ranging from 0.59 to 0.91.

A cash ratio of 0.91 in Q4 2023 indicates that the company had $0.91 in cash and cash equivalents for every $1 of current liabilities during that period. This suggests that CSG Systems International Inc. had a strong ability to meet its short-term obligations with its liquid assets at the end of the year.

The consistency of the cash ratio around the range of 0.83 to 0.91 over the quarters reflects the company's efficient management of its liquidity position. A higher cash ratio generally indicates a healthier financial position and a lower risk of liquidity issues for the company.

Overall, based on the trend of the cash ratio for CSG Systems International Inc., the company seems to have maintained a solid level of cash reserves relative to its short-term liabilities, providing a cushion for any unexpected financial needs or disruptions.