Doximity Inc (DOCS)

Quick ratio

		Mar 31, 2025	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
Cash	US$ in thousands	209,614	165,270	184,248	111,442	96,785	123,089	108,403	306,729	158,027	136,454	73,674	110,092	112,809	85,079	79,521	594,321	66,393	69,975	—
Short-term investments	US$ in thousands	706,050	679,670	621,310	639,046	666,115	587,149	621,451	566,444	682,972	664,511	676,317	666,162	685,304	680,499	663,140	132,133	76,141	34,491	—
Receivables	US$ in thousands	128,354	137,504	124,793	123,510	101,332	97,584	97,217	92,922	107,047	74,862	79,236	76,021	81,073	69,823	55,681	45,990	50,319	46,714	—
Total current liabilities	US$ in thousands	156,257	115,881	132,283	135,277	147,250	104,762	123,181	132,694	139,507	105,884	118,143	120,753	111,282	91,713	95,624	100,182	102,042	83,255	—
Quick ratio		6.68	8.48	7.03	6.46	5.87	7.71	6.71	7.28	6.80	8.27	7.02	7.06	7.90	9.11	8.35	7.71	1.89	1.82	—

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($209,614K + $706,050K + $128,354K) ÷ $156,257K
= 6.68

The quick ratio of Doximity Inc has shown fluctuations over the time period from September 30, 2020, to March 31, 2025. The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term obligations with its most liquid assets.

From December 31, 2020, to December 31, 2024, the quick ratio generally increased from 1.82 to 8.48, indicating the company improved its ability to cover its short-term liabilities with its liquid assets during this period.

However, there were some fluctuations in the quick ratio during the interim periods, with values as low as 5.87 on March 31, 2024, and as high as 9.11 on December 31, 2021. These fluctuations could be due to changes in the company's current assets and liabilities composition during those periods.

Overall, the trend in the quick ratio suggests that Doximity Inc has generally maintained a strong liquidity position, with the ability to cover its short-term obligations with its liquid assets, although there were some fluctuations observed during the period under review. This ratio provides insight into the company's short-term financial health and its ability to weather potential financial challenges.