Dynatrace Holdings LLC (DT)

Quick ratio

		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	Sep 30, 2019	Jun 30, 2019
Cash	US$ in thousands	778,983	782,649	701,524	700,703	555,348	422,451	563,430	571,345	462,967	408,723	370,319	387,218	324,962	299,505	248,437	250,377	213,170	188,555	211,696	57,453
Short-term investments	US$ in thousands	57,891	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	613,578	361,653	262,733	238,275	446,064	304,411	185,728	191,836	391,389	264,293	149,801	134,003	283,954	210,845	154,472	136,858	204,547	170,400	89,502	86,366
Total current liabilities	US$ in thousands	1,258,550	958,588	856,366	899,953	1,037,040	831,017	708,913	749,380	865,599	713,155	594,093	598,872	647,911	550,303	451,535	441,189	490,183	449,233	381,093	938,630
Quick ratio		1.15	1.19	1.13	1.04	0.97	0.87	1.06	1.02	0.99	0.94	0.88	0.87	0.94	0.93	0.89	0.88	0.85	0.80	0.79	0.15

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($778,983K + $57,891K + $613,578K) ÷ $1,258,550K
= 1.15

The quick ratio of Dynatrace Holdings LLC has shown a fluctuating trend over the past several quarters, ranging from 0.15 to 1.19. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has more liquid assets readily available to cover its short-term obligations.

Analyzing the data, we observe that the quick ratio has generally improved from the low of 0.15 in the fourth quarter of 2019 to the high of 1.19 in the fourth quarter of 2023. This upward trend indicates an advancement in the company's liquidity position over the past few years.

However, it is worth noting that there are fluctuations in the quick ratio quarter to quarter, suggesting some variability in the company's ability to meet its short-term obligations using its current liquid assets. It is essential to monitor this ratio consistently to ensure the company maintains an appropriate level of liquidity to handle its short-term financial commitments.

Overall, the improving trend in Dynatrace Holdings LLC's quick ratio reflects a positive liquidity position, but the fluctuations highlight the importance of careful financial management to sustain and potentially enhance this aspect of the company's financial health.