Grid Dynamics Holdings Inc (GDYN)

Current ratio

		Dec 31, 2024	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
Total current assets	US$ in thousands	423,304	322,995	330,412	322,502	323,980	326,053	321,472	330,079	323,126	319,363	207,753	206,569	192,764	240,948	107,467	126,574	134,616	147,839	143,598	145,068
Total current liabilities	US$ in thousands	55,544	54,234	46,267	43,120	42,223	52,470	53,470	50,358	38,710	31,637	38,568	32,691	25,344	24,219	25,159	17,957	13,318	7,796	7,567	9,772
Current ratio		7.62	5.96	7.14	7.48	7.67	6.21	6.01	6.55	8.35	10.09	5.39	6.32	7.61	9.95	4.27	7.05	10.11	18.96	18.98	14.85

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $423,304K ÷ $55,544K
= 7.62

Grid Dynamics Holdings Inc's current ratio has shown fluctuations over the past few years. The ratio indicates the company's ability to meet its short-term obligations with its current assets. From March 31, 2020, to June 30, 2020, the current ratio increased significantly from 14.85 to 18.98, suggesting a strong liquidity position. This was further maintained at a similar level as of September 30, 2020.

However, the current ratio started declining from December 31, 2020, to reach a low of 4.27 on June 30, 2021, indicating a potential strain in meeting short-term liabilities with current assets. The ratio improved slightly by September 30, 2021, but remained below the levels seen in 2020.

Subsequently, the current ratio continued to fluctuate, showing an upward trend by September 30, 2022, and December 31, 2022. However, by March 31, 2023, the ratio declined again to 6.55, signaling potential liquidity challenges. The ratio further decreased slightly by June 30, 2023, before increasing to 7.67 by December 31, 2023.

The current ratio remained relatively stable around 7.48 to 7.14 from March 31, 2024, to June 30, 2024, before declining to 5.96 on September 30, 2024. However, there was a subsequent improvement to 7.62 by December 31, 2024.

Overall, the company's current ratio has experienced fluctuations, indicating varying levels of liquidity and the ability to meet short-term obligations with current assets. The company may need to monitor its current asset management closely to ensure a healthy liquidity position in the future.