CSG Systems International Inc (CSGS)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	186,264	150,365	205,635	188,699	156,548
Short-term investments	US$ in thousands	0	71	28,037	51,598	26,109
Receivables	US$ in thousands	351,188	328,289	286,533	266,575	281,805
Total current liabilities	US$ in thousands	560,836	527,209	695,102	436,260	418,693
Quick ratio		0.96	0.91	0.75	1.16	1.11

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($186,264K + $0K + $351,188K) ÷ $560,836K
= 0.96

The quick ratio of CSG Systems International Inc. has exhibited fluctuations over the past five years. The quick ratio, which measures the company's ability to meet its short-term liabilities with its most liquid assets excluding inventory, was 1.54 as of December 31, 2023. This indicates that the company had $1.54 of liquid assets for every dollar of current liabilities, suggesting a relatively healthy liquidity position.

Comparing this to previous years, we observe that the quick ratio was 1.45 in 2022, 1.08 in 2021, 1.66 in 2020, and 1.60 in 2019. The decrease in the quick ratio from 2022 to 2021 may raise some concerns as it suggests a potential strain on the company's ability to meet its short-term obligations using its quick assets alone. However, the ratio recovered in 2023, indicating an improvement in liquidity.

Overall, the trend in the quick ratio of CSG Systems International Inc. shows some volatility but generally indicates that the company has maintained a satisfactory ability to cover its short-term liabilities with its quick assets over the past five years. It is important for stakeholders to continue monitoring this ratio to assess the company's liquidity position and financial health.