Doximity Inc (DOCS)

Quick ratio

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Cash US$ in thousands — 96,785 158,027 112,809 66,393
Short-term investments US$ in thousands — 666,115 682,972 685,304 76,141
Receivables US$ in thousands — 103,632 107,047 81,073 50,319
Total current liabilities US$ in thousands — 147,250 139,507 111,282 102,042
Quick ratio — 5.88 6.80 7.90 1.89

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K + $—K + $—K) ÷ $—K
= —

The quick ratio of Doximity Inc has displayed a consistently strong performance over the years based on the provided data. As of March 31, 2021, the quick ratio stood at 1.89, indicating that the company had sufficient liquid assets to cover its current liabilities. Subsequently, there was a remarkable increase in the quick ratio to 7.90 as of March 31, 2022, signifying a substantial improvement in the company's liquidity position.

In the following years, the quick ratio remained robust, with values of 6.80 as of March 31, 2023, and 5.88 as of March 31, 2024. These values suggest that Doximity Inc continued to maintain a healthy liquidity position, with a significant margin of quick assets to cover its short-term obligations.

However, the data for March 31, 2025, is not available (indicated by "\u2014"), making it difficult to assess the latest liquidity position of the company. Overall, the trend in the quick ratio indicates Doximity Inc's strong ability to meet its short-term financial commitments with liquid assets, reflecting positively on its financial stability and management of working capital.