EPAM Systems Inc (EPAM)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,286,270 | 2,036,240 | 1,681,340 | 1,446,620 | 1,322,140 |
| Short-term investments | US$ in thousands | 1,690 | 60,739 | 60,336 | 0 | 60,007 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 821,039 | 644,932 | 747,483 | 763,420 | 465,950 |
| Quick ratio | 1.57 | 3.25 | 2.33 | 1.89 | 2.97 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,286,270K
+ $1,690K
+ $—K)
÷ $821,039K
= 1.57
The quick ratio of EPAM Systems Inc has shown some fluctuations over the years. In December 31, 2020, the quick ratio was 2.97, indicating that the company had a strong ability to cover its short-term liabilities with its most liquid assets. However, by December 31, 2021, the quick ratio decreased to 1.89, suggesting a slight weakening in the company's short-term liquidity position.
In the following years, there were improvements in the quick ratio. By December 31, 2022, the quick ratio increased to 2.33, indicating a healthier liquidity position compared to the previous year. The trend continued in December 31, 2023, with a quick ratio of 3.25, signaling a significant increase in the company's ability to meet its short-term obligations with liquid assets.
However, by December 31, 2024, the quick ratio decreased to 1.57, which might hint at potential liquidity challenges or a change in the composition of the company's current assets or liabilities.
Overall, the quick ratio of EPAM Systems Inc has fluctuated over the years, showing a mix of strengths and potential challenges in its short-term liquidity position. It is important for stakeholders to monitor these changes closely to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024