EPAM Systems Inc (EPAM)

Cash 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 and cash equivalents	US$ in thousands	2,036,240	1,872,980	1,776,920	1,749,420	1,681,340	1,487,600	1,293,520	1,276,460	1,446,620	1,266,610	1,283,230	1,372,830	1,322,140	1,161,060	993,724	916,253	936,552	853,241	777,365	762,529
Short-term investments	US$ in thousands	60,739	60,431	71,376	60,373	60,336	60,216	60,098	—	0	0	0	0	60,007	60,089	60,025	—	9	—	—	—
Total current liabilities	US$ in thousands	644,932	613,578	584,065	682,858	747,483	727,957	684,703	683,252	763,420	632,547	522,948	463,761	465,950	414,831	365,580	389,321	386,948	311,470	272,614	282,566
Cash ratio		3.25	3.15	3.16	2.65	2.33	2.13	1.98	1.87	1.89	2.00	2.45	2.96	2.97	2.94	2.88	2.35	2.42	2.74	2.85	2.70

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,036,240K + $60,739K) ÷ $644,932K
= 3.25

EPAM Systems Inc's cash ratio has shown a generally positive trend over the past eight quarters, indicating the company's ability to cover its short-term obligations with its cash reserves. The cash ratio has ranged from 2.00 to 3.40 during this period, with the highest ratio seen in Q4 2023. This suggests that EPAM Systems Inc has been able to increase its cash holdings relative to its current liabilities, potentially improving its liquidity position and financial stability.

Overall, the consistently healthy cash ratio values reflect EPAM Systems Inc's effective cash management practices and its ability to meet its short-term financial obligations without relying excessively on external financing. However, it would be beneficial to monitor this ratio in the future to ensure that the company maintains a sufficient level of liquidity to navigate any unforeseen financial challenges.