ExlService Holdings Inc (EXLS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 153,355 | 136,953 | 118,669 | 135,337 | 218,530 |
| Short-term investments | US$ in thousands | 187,223 | 153,881 | 179,027 | 179,430 | 184,286 |
| Receivables | US$ in thousands | 304,322 | 308,108 | 259,222 | 195,124 | 211,799 |
| Total current liabilities | US$ in thousands | 290,116 | 326,403 | 277,946 | 495,686 | 221,078 |
| Quick ratio | 2.22 | 1.83 | 2.00 | 1.03 | 2.78 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($153,355K
+ $187,223K
+ $304,322K)
÷ $290,116K
= 2.22
Based on the provided data, the quick ratio of ExlService Holdings Inc has fluctuated over the years. As of December 31, 2020, the quick ratio stood at a healthy 2.78, indicating that the company had more than enough quick assets to cover its current liabilities. However, by December 31, 2021, the quick ratio dropped significantly to 1.03, suggesting a potential liquidity challenge.
Subsequently, the quick ratio improved to 2.00 by December 31, 2022, indicating better liquidity position compared to the previous year. However, by December 31, 2023, the quick ratio decreased slightly to 1.83, although it still remained above 1, implying that the company could cover its short-term obligations with its quick assets.
By December 31, 2024, the quick ratio increased to 2.22, reflecting an improvement in liquidity compared to the previous year. Overall, the trend in the quick ratio of ExlService Holdings Inc shows some volatility, but the company has generally maintained a healthy level of liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024