Grid Dynamics Holdings Inc (GDYN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 334,655 | 257,227 | 256,729 | 144,364 | 112,745 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 55,544 | 42,223 | 38,710 | 25,344 | 13,318 |
| Quick ratio | 6.03 | 6.09 | 6.63 | 5.70 | 8.47 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($334,655K
+ $—K
+ $—K)
÷ $55,544K
= 6.03
The quick ratio of Grid Dynamics Holdings Inc has shown a slight decrease from 8.47 in December 31, 2020, to 5.70 in December 31, 2021. However, the ratio improved in the following years, reaching 6.63 in December 31, 2022, and then slightly decreasing to 6.09 in December 31, 2023, and 6.03 in December 31, 2024.
Overall, the company has maintained a healthy quick ratio above 1, indicating it has an adequate level of liquid assets to cover its short-term liabilities. The decreasing trend in recent years might signal a potential reduction in the company's ability to meet its short-term obligations with its quick assets, but the ratio remains at a level that provides some comfort regarding the company's liquidity position.
Peer comparison
Dec 31, 2024