Fair Isaac Corporation (FICO)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	160,421	136,778	163,022	137,771	139,856	133,202	155,062	174,219	162,157	195,354	237,612	197,836	144,662	157,394	125,673	108,966	111,216	106,426	78,808	76,885
Short-term investments	US$ in thousands	-36,955	—	-32,047	—	—	—	—	—	—	—	—	30,437	28,455	25,513	—	—	—	—	—	—
Total current liabilities	US$ in thousands	433,109	367,688	392,946	373,278	354,988	331,459	383,855	382,762	321,797	559,207	544,769	500,561	391,042	414,511	460,187	479,824	442,032	490,828	457,713	436,620
Cash ratio		0.29	0.37	0.33	0.37	0.39	0.40	0.40	0.46	0.50	0.35	0.44	0.46	0.44	0.44	0.27	0.23	0.25	0.22	0.17	0.18

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($160,421K + $-36,955K) ÷ $433,109K
= 0.29

The cash ratio of Fair, Isaac Corp. has remained relatively stable over the past eight quarters, fluctuating between 0.46 and 0.55. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio indicates a stronger ability to meet short-term obligations using available cash.

Fair, Isaac Corp.'s cash ratio of 0.46 to 0.55 indicates that for every dollar of current liabilities, the company has $0.46 to $0.55 in cash and cash equivalents available. While the ratio has shown some variability, it generally suggests that the company has a moderate ability to meet its short-term obligations with its current cash holdings.

It's important to consider this ratio in conjunction with other liquidity and financial metrics to gain a comprehensive understanding of Fair, Isaac Corp.'s overall financial health and ability to manage its short-term obligations.