Fair Isaac Corporation (FICO)

Cash ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash and cash equivalents	US$ in thousands	150,667	136,778	133,202	195,354	157,394
Short-term investments	US$ in thousands	—	-33,014	—	—	25,513
Total current liabilities	US$ in thousands	380,285	367,688	331,459	559,207	414,511
Cash ratio		0.40	0.28	0.40	0.35	0.44

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($150,667K + $—K) ÷ $380,285K
= 0.40

Fair Isaac Corporation's cash ratio has fluctuated over the past five years, ranging from 0.28 to 0.44. The cash ratio measures the company's ability to cover its short-term liabilities using its available cash and cash equivalents.

In 2020, the cash ratio was at its highest point of 0.44, indicating that the company had a stronger ability to meet its short-term obligations with its cash reserves. However, in 2023, the cash ratio dropped to 0.28, suggesting a lower proportion of cash available to cover short-term liabilities.

The cash ratio increased again in 2024 to 0.40, which implies an improvement in the company's liquidity position compared to the previous year. Overall, while the cash ratio has shown some variability, Fair Isaac Corporation generally maintained a moderate level of liquidity over the five-year period analyzed.