Equifax Inc (EFX)
Quick ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 169,900 | 468,200 | 181,900 | 201,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -36,800 | — | — | — | — | — | — | — | -149,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,811,500 | 1,874,400 | 1,786,900 | 1,973,800 | 2,028,000 | 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 |
| Quick ratio | 0.09 | 0.25 | 0.10 | 0.10 | 0.11 | 0.26 | 0.15 | 0.13 | 0.12 | 0.12 | 0.08 | 0.09 | 0.10 | 1.07 | 0.24 | 0.33 | 0.62 | 0.64 | 0.81 | 0.32 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($169,900K
+ $—K
+ $—K)
÷ $1,811,500K
= 0.09
The quick ratio of Equifax Inc has shown fluctuations over the periods provided in the data. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates potential liquidity issues.
From March 31, 2020, to December 31, 2021, the quick ratio ranged from a low of 0.10 to a high of 0.81, suggesting varying levels of liquidity during this period. However, the ratio generally stayed below 1, indicating a potential challenge in meeting short-term obligations with readily available assets.
From March 31, 2022, to December 31, 2024, the quick ratio remained relatively low, ranging between 0.08 and 0.26. This continued trend suggests that Equifax Inc may have ongoing difficulties in quickly covering its short-term liabilities with its current liquid assets.
Overall, the trend in Equifax Inc's quick ratio over the periods indicates a potential liquidity concern, as the ratio has frequently fallen below the ideal level of 1. Investors and stakeholders may closely monitor this ratio to assess the company's ability to manage its short-term financial obligations effectively.