Equifax Inc (EFX)
Quick ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 216,800 | 412,600 | 164,100 | 232,500 | 285,200 | 241,700 | 223,600 | 200,900 | 224,700 | 2,025,500 | 458,100 | 765,900 | 1,684,600 | 1,535,600 | 1,347,400 | 369,900 | 401,300 | 167,500 | 135,800 | 133,200 |
| Short-term investments | US$ in thousands | — | — | — | — | -36,800 | — | — | — | — | — | — | — | -149,000 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 908,200 | 967,900 | 935,900 | 919,500 | 857,700 | 845,000 | 892,900 | 856,800 | 727,600 | 694,600 | 694,000 | 708,800 | 630,600 | 605,900 | 592,500 | 605,500 | 532,100 | 516,600 | 502,600 | 514,000 |
| Total current liabilities | US$ in thousands | 2,019,000 | 1,581,800 | 1,092,200 | 1,792,100 | 2,015,200 | 2,018,700 | 2,633,200 | 2,343,400 | 2,291,300 | 1,886,900 | 1,875,200 | 2,341,700 | 2,483,100 | 2,391,000 | 1,656,400 | 1,143,800 | 1,359,100 | 1,491,800 | 1,497,900 | 1,523,000 |
| Quick ratio | 0.56 | 0.87 | 1.01 | 0.64 | 0.55 | 0.54 | 0.42 | 0.45 | 0.42 | 1.44 | 0.61 | 0.63 | 0.87 | 0.90 | 1.17 | 0.85 | 0.69 | 0.46 | 0.43 | 0.42 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($216,800K
+ $—K
+ $908,200K)
÷ $2,019,000K
= 0.56
Equifax, Inc.'s quick ratio has shown fluctuation over the past eight quarters, ranging from a low of 0.51 in Q2 2022 to a high of 1.20 in Q2 2023. The quick ratio for the most recent quarter, Q4 2023, stands at 0.67, indicating that the company may have difficulty covering its short-term liabilities with its most liquid assets.
A quick ratio below 1 generally suggests that a company may struggle to meet its short-term obligations, as its current assets may not be sufficient to cover its current liabilities. Equifax's quick ratio has exhibited volatility, which could reflect changes in its liquidity position over time. It would be prudent for stakeholders to monitor Equifax's liquidity closely to ensure it remains able to meet its financial obligations in a timely manner.