ExlService Holdings Inc (EXLS)

Cash 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 and cash equivalents	US$ in thousands	153,355	150,102	115,303	108,565	136,953	122,655	93,960	87,298	118,669	89,262	106,304	106,540	135,337	114,581	150,211	177,121	218,530	206,423	163,619	224,874
Short-term investments	US$ in thousands	187,223	175,648	160,833	137,585	153,881	151,581	156,098	116,479	179,027	172,889	158,941	162,694	179,430	169,739	144,533	198,721	184,286	156,175	171,962	142,539
Total current liabilities	US$ in thousands	290,116	254,185	286,862	261,441	326,403	306,146	259,063	280,904	277,946	286,968	266,014	222,121	495,686	222,926	207,109	197,720	221,078	184,899	184,163	258,364
Cash ratio		1.17	1.28	0.96	0.94	0.89	0.90	0.97	0.73	1.07	0.91	1.00	1.21	0.64	1.28	1.42	1.90	1.82	1.96	1.82	1.42

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($153,355K + $187,223K) ÷ $290,116K
= 1.17

The cash ratio of ExlService Holdings Inc has shown fluctuations over the reported periods, ranging from a high of 1.96 in September 30, 2020 to a low of 0.64 in December 31, 2021. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio above 1 indicates that the company has sufficient cash to cover its current liabilities.

The increasing trend observed in the cash ratio from December 31, 2021 to September 30, 2022 shows an improvement in the company's liquidity position. However, the subsequent decrease in the ratio from September 30, 2022 to March 31, 2024 suggests a possible decrease in the company's ability to cover its short-term liabilities with its available cash.

Overall, while the cash ratio of ExlService Holdings Inc has fluctuated over time, it is essential for investors and stakeholders to monitor these changes closely to assess the company's liquidity position and financial health.