Fair Isaac Corporation (FICO)

Quick ratio

		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	Dec 31, 2019
Cash	US$ in thousands	150,667	156,043	135,667	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
Short-term investments	US$ in thousands	—	—	—	-36,955	—	-32,047	—	—	—	—	—	—	—	—	30,437	28,455	25,513	—	—	—
Receivables	US$ in thousands	637,437	647,546	682,048	557,408	591,843	585,320	537,350	483,434	487,796	458,295	429,374	416,293	467,515	449,416	424,695	489,465	515,730	457,923	453,533	415,974
Total current liabilities	US$ in thousands	380,285	337,216	315,120	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
Quick ratio		2.07	2.38	2.59	1.57	1.98	1.82	1.81	1.76	1.87	1.60	1.58	1.80	1.19	1.26	1.30	1.69	1.69	1.27	1.17	1.19

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($150,667K + $—K + $637,437K) ÷ $380,285K
= 2.07

The quick ratio of Fair Isaac Corporation has shown fluctuating trends over the past years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

Fair Isaac Corporation's quick ratio has generally been above 1, indicating a strong liquidity position. Specifically, the quick ratio has ranged from as low as 1.17 in March 2020 to as high as 2.59 in March 2024. This variability suggests fluctuations in the company's ability to cover its short-term obligations.

The quick ratio peaked in March 2024 at 2.59, indicating the company had significantly more liquid assets relative to its current liabilities at that point. However, the quick ratio decreased to 1.57 in December 2023, suggesting a potential strain on the company's ability to meet its short-term obligations.

Overall, the quick ratio of Fair Isaac Corporation has displayed some volatility, indicating fluctuations in its liquidity position. It is important for the company to maintain a healthy quick ratio above 1 to ensure it can meet its short-term financial obligations effectively.