DXC Technology Co (DXC)
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 | 1,224,000 | 1,691,000 | 1,412,000 | 1,576,000 | 1,858,000 | 2,091,000 | 2,260,000 | 2,209,000 | 2,672,000 | 2,919,000 | 2,699,000 | 2,460,000 | 2,968,000 | 3,919,000 | 3,079,000 | 5,509,000 | 3,679,000 | 2,560,000 | 2,880,000 | 1,868,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 3,253,000 | 3,132,000 | 3,146,000 | 3,285,000 | 3,441,000 | 3,454,000 | 3,467,000 | 3,693,000 | 3,854,000 | 3,670,000 | 3,821,000 | 4,081,000 | 4,156,000 | 4,130,000 | 4,194,000 | 4,271,000 | 4,392,000 | 4,619,000 | 4,611,000 | 5,234,000 |
| Total current liabilities | US$ in thousands | 4,394,000 | 4,961,000 | 4,724,000 | 5,057,000 | 5,187,000 | 6,170,000 | 5,865,000 | 6,257,000 | 6,853,000 | 6,728,000 | 6,819,000 | 7,406,000 | 8,150,000 | 8,270,000 | 8,656,000 | 8,325,000 | 7,895,000 | 8,784,000 | 8,974,000 | 9,338,000 |
| Quick ratio | 1.02 | 0.97 | 0.96 | 0.96 | 1.02 | 0.90 | 0.98 | 0.94 | 0.95 | 0.98 | 0.96 | 0.88 | 0.87 | 0.97 | 0.84 | 1.17 | 1.02 | 0.82 | 0.83 | 0.76 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,224,000K
+ $—K
+ $3,253,000K)
÷ $4,394,000K
= 1.02
The quick ratio of DXC Technology Co has shown some fluctuations over the last few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In the most recent quarter ending on March 31, 2024, the quick ratio was 1.02, indicating that the company had $1.02 in liquid assets available to cover each dollar of its current liabilities. This implies that DXC Technology Co has a strong ability to meet its short-term obligations using its quick assets.
Looking back over the past few quarters, there have been variations in the quick ratio. The ratio was relatively stable in the range of 0.94 to 1.02 from March 2023 to March 2024, suggesting a consistent ability to cover short-term liabilities with liquid assets.
Overall, the trend in the quick ratio indicates that DXC Technology Co has maintained a satisfactory level of liquidity to meet its short-term obligations over the recent periods. However, it would be important to monitor any significant changes in the quick ratio in the future to assess the company's ongoing liquidity position.
Peer comparison
Mar 31, 2024