CSG Systems International Inc (CSGS)

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 161,789 118,444 110,435 120,810 186,264 146,730 146,212 167,681 150,365 146,685 133,770 181,457 205,635 195,365 163,768 150,609 188,699 174,489 144,019 107,744
Short-term investments US$ in thousands — — — — 186,264 146,730 146,212 167,681 71 575 1,265 6,133 28,037 29,175 48,325 54,539 51,598 37,605 27,183 23,529
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 615,209 499,509 476,444 421,167 560,836 461,533 431,102 441,735 527,209 445,380 683,437 646,877 695,102 663,241 623,239 587,733 420,015 357,386 370,767 344,803
Quick ratio 0.26 0.24 0.23 0.29 0.66 0.64 0.68 0.76 0.29 0.33 0.20 0.29 0.34 0.34 0.34 0.35 0.57 0.59 0.46 0.38

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($161,789K + $—K + $—K) ÷ $615,209K
= 0.26

The quick ratio of CSG Systems International Inc fluctuated over the analyzed periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.

From March 31, 2020, to June 30, 2022, the quick ratio generally decreased from 0.38 to 0.20, reaching its lowest point. This suggests a potential liquidity concern during this period.

However, from March 31, 2023, to December 31, 2024, the quick ratio showed a significant improvement, increasing from 0.29 to 0.26. The quick ratio surpassed 1 at certain points during this period, indicating that the company had a sufficient level of liquid assets to cover its short-term obligations.

Overall, the trend in the quick ratio suggests that CSG Systems International Inc experienced fluctuations in its liquidity position over the analyzed periods, with a notable improvement in liquidity from March 31, 2023, to December 31, 2024. Further analysis of the company's financial statements and operating activities would be needed to fully understand the factors driving these changes in the quick ratio.