Heidrick & Struggles International (HSII)

Liquidity ratios

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
Current ratio 1.60 1.73 1.84 2.03 1.58 1.56 1.64 1.72 1.40 1.39 1.45 1.58 1.39 1.40 1.48 1.70 1.49 1.55 2.12 2.14
Quick ratio 1.44 1.51 1.58 1.69 1.39 1.34 1.37 1.40 1.33 1.32 1.36 1.46 1.34 1.32 1.37 1.54 1.40 1.41 1.97 1.99
Cash ratio 1.17 1.04 0.97 1.00 1.09 0.85 0.75 0.79 1.06 0.88 0.78 0.79 1.02 0.82 0.75 0.85 1.06 0.89 1.30 1.21

Heidrick & Struggles International's liquidity ratios have fluctuated over the past few years. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, ranged between 1.39 and 2.14. It saw a general downward trend from September 2020 to December 2024, indicating a potential decrease in the company's short-term liquidity position. However, there were some improvements in the current ratio in the most recent periods, indicating an increase in current assets relative to current liabilities.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, showed a similar trend as the current ratio, ranging between 1.32 and 1.97. The quick ratio was generally lower than the current ratio, reflecting the company's reliance on inventory to meet short-term obligations. Like the current ratio, the quick ratio also had some improvements in the most recent periods, suggesting a stronger short-term liquidity position.

The cash ratio, which indicates the company's ability to cover its current liabilities with cash and cash equivalents, ranged between 0.75 and 1.30. The cash ratio showed more volatility compared to the other liquidity ratios, with fluctuations in the company's cash holdings relative to its current liabilities. The cash ratio also showed some improvements in the most recent periods, indicating a better ability to cover short-term obligations with cash reserves.

Overall, Heidrick & Struggles International's liquidity ratios demonstrate variations in its short-term liquidity position over the years, with some improvements in the most recent periods. It is essential for the company to continue monitoring and managing its liquidity closely to ensure it can meet its short-term financial obligations effectively.

Additional liquidity measure

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 conversion cycle days 35.45 73.22 56.22 51.63 38.57 71.41 76.32 62.36 58.44 77.34 85.51 81.10 62.36 91.46 98.37 93.21 68.44 85.88 89.79 96.41

The cash conversion cycle of Heidrick & Struggles International has experienced fluctuations over the past few years. Starting at 96.41 days on March 31, 2020, the cycle decreased to 62.36 days by December 31, 2021, indicating an improvement in the company's efficiency in converting its resources into cash.

However, from March 31, 2022, there was an increase in the cash conversion cycle reaching 76.32 days by June 30, 2023. This rise suggests a potential slowdown in the company's cash generation or management processes during that period.

Subsequently, the cycle decreased to 35.45 days by December 31, 2024, demonstrating a significant improvement in the company's ability to convert its investments into cash quicker.

Overall, monitoring the cash conversion cycle helps evaluate how efficiently Heidrick & Struggles International manages its working capital, inventory, and accounts receivable, providing insights into its liquidity and operational performance over time.