EPAM Systems Inc (EPAM)

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	1,286,270	2,036,390	1,787,720	1,983,720	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
Short-term investments	US$ in thousands	1,690	22,316	61,492	61,625	60,739	60,431	71,376	60,373	60,336	60,216	60,098	—	0	0	0	0	60,007	60,089	60,025	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	821,039	681,046	602,458	658,530	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
Quick ratio		1.57	3.02	3.07	3.11	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

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 fluctuating trends over the years. Starting at a strong level of 2.35 as of March 31, 2020, the ratio improved consistently, reaching a peak of 3.25 by December 31, 2023. This upward trend indicates the company's ability to meet its short-term obligations with its most liquid assets, such as cash and accounts receivable.

However, there was a significant drop in the quick ratio to 1.57 as of December 31, 2024, which may raise concerns about the company's liquidity position. A quick ratio below 1 suggests the company may have difficulty meeting its current liabilities without relying on selling inventory or obtaining external financing.

Overall, while the quick ratio of EPAM Systems Inc has shown resilience and improvement over the years, the recent decline in the ratio warrants further investigation into the company's liquidity management and short-term financial health.