Digi International Inc (DGII)

Quick ratio

		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	Dec 31, 2019
Cash	US$ in thousands	27,510	28,337	23,795	31,548	31,693	29,580	31,660	30,949	34,900	41,515	41,386	47,188	152,432	146,942	127,189	49,263	54,129	55,085	58,086	49,072
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	69,640	71,190	71,983	61,441	55,997	50,715	49,678	54,445	50,450	61,793	67,424	49,359	43,738	41,276	44,108	52,500	59,227	53,876	78,491	81,097
Total current liabilities	US$ in thousands	89,337	82,353	81,134	70,445	85,978	89,019	83,769	90,565	96,507	94,578	89,977	79,311	58,941	57,415	56,861	67,487	61,230	50,345	53,206	61,525
Quick ratio		1.09	1.21	1.18	1.32	1.02	0.90	0.97	0.94	0.88	1.09	1.21	1.22	3.33	3.28	3.01	1.51	1.85	2.16	2.57	2.12

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($27,510K + $—K + $69,640K) ÷ $89,337K
= 1.09

The quick ratio of Digi International Inc has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

In the most recent quarter, the quick ratio was 1.09, indicating that the company had $1.09 of liquid assets available to cover each dollar of current liabilities. This suggests a relatively healthy liquidity position.

Looking at the trend over the past few quarters, we can see that the quick ratio has generally remained above 1, which is considered a good sign as it indicates that the company has enough liquid assets to meet its short-term obligations.

There were fluctuations in the quick ratio throughout the quarters, possibly due to changes in the composition of current assets and liabilities. However, the overall trend suggests that Digi International Inc has been managing its short-term liquidity effectively.

It is important for investors and stakeholders to continue monitoring the quick ratio along with other financial metrics to assess the company's ongoing financial health and liquidity position.