Grid Dynamics Holdings Inc (GDYN)

Quick 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
Cash US$ in thousands 334,655 231,261 256,042 249,437 257,227 253,713 246,176 258,368 256,729 255,188 150,018 153,308 144,364 199,297 67,974 99,852 112,745 126,526 123,085 121,479
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — 224,016
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Quick ratio 6.03 4.26 5.53 5.78 6.09 4.84 4.60 5.13 6.63 8.07 3.89 4.69 5.70 8.23 2.70 5.56 8.47 16.23 16.27 35.36

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 declining trend over the past few years, indicating a decrease in the company's ability to meet its short-term obligations using its most liquid assets.

As of December 31, 2024, the quick ratio stands at 6.03, which means that for every dollar of current liabilities, Grid Dynamics Holdings Inc has $6.03 of quick assets readily available to cover those obligations.

While the quick ratio has demonstrated some fluctuations in the recent quarters, it is essential for investors and stakeholders to monitor this ratio closely to ensure the company's liquidity remains at a healthy level and to assess the company's short-term financial health.