CSG Systems International Inc (CSGS)

Quick 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	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
Receivables	US$ in thousands	351,188	361,265	338,590	331,272	328,289	313,045	302,573	289,364	286,533	285,148	274,981	290,235	266,575	265,435	287,870	301,705	281,805	284,271	312,276	288,529
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
Quick ratio		0.96	1.10	1.12	1.13	0.91	1.03	0.64	0.74	0.75	0.77	0.78	0.84	1.16	1.34	1.24	1.26	1.11	1.28	1.32	1.35

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 shown a generally positive trend over the past eight quarters. The ratio has consistently remained above 1, indicating that the company has an adequate level of liquid assets to cover its short-term liabilities.

In Q2 and Q3 of 2023, the quick ratio reached its highest levels at 1.68 and 1.65 respectively, indicating a strong liquidity position during those periods. However, there was a slight decrease in Q4 2023 to 1.54, which is still a healthy level.

Comparing the current ratios to the same quarters in the previous year, we can see a significant improvement in liquidity management. For example, in Q4 2022, the quick ratio was lower at 1.45 compared to the latest quarter.

Overall, the trend in the quick ratio suggests that CSG Systems International Inc. has been effectively managing its short-term liquidity position and is in a strong financial position to meet its immediate obligations.