Fair Isaac Corporation (FICO)

Quick ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash	US$ in thousands	136,778	133,202	195,354	157,394	106,426
Short-term investments	US$ in thousands	-33,014	—	—	25,513	—
Receivables	US$ in thousands	591,843	487,796	467,515	515,730	425,078
Total current liabilities	US$ in thousands	367,688	331,459	559,207	414,511	490,828
Quick ratio		1.89	1.87	1.19	1.69	1.08

September 30, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($136,778K + $-33,014K + $591,843K) ÷ $367,688K
= 1.89

The quick ratio of Fair, Isaac Corp. has shown a positive trend over the past five years. As of September 30, 2023, the quick ratio stands at 1.51, indicating a healthy level of short-term liquidity. This suggests that the company has $1.51 in liquid assets available to cover each dollar of current liabilities, providing a comfortable cushion to meet its short-term obligations. Comparing this to the quick ratios of previous years, there has been a consistent improvement from 2021 to 2023. This trend reflects positively on the company's ability to manage its short-term financial obligations and indicates a strengthening financial position. Overall, the increasing quick ratio suggests that Fair, Isaac Corp. has been managing its short-term liquidity effectively.