Heidrick & Struggles International (HSII)

Liquidity ratios

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 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 1.43 1.43 1.49 1.43
Quick ratio 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 1.36 1.34 1.37 1.28
Cash ratio 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 0.96 0.74 0.61 0.53

Heidrick & Struggles International, Inc.'s liquidity ratios indicate the company's ability to meet its short-term obligations. The current ratio has been relatively stable over the quarters, ranging from 1.40 to 1.72, with a recent increase in Q4 2023. This suggests that the company has sufficient current assets to cover its current liabilities, with a higher ratio indicating a stronger liquidity position.

Similarly, the quick ratio, which excludes inventory from current assets, mirrors the trend of the current ratio, showing values between 1.39 and 1.72. This indicates that the company can meet its short-term obligations using its most liquid assets.

The cash ratio, which measures the company's ability to cover current liabilities with its most liquid asset, cash, has fluctuated more significantly. Despite this volatility, the cash ratio has generally been above 1, indicating a strong ability to pay off short-term liabilities with cash on hand.

Overall, Heidrick & Struggles International, Inc. maintains a sound liquidity position based on these ratios, with a consistent ability to meet its short-term financial obligations.

Additional liquidity measure

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash conversion cycle days 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 79.36 97.50 98.59 91.45

The cash conversion cycle of Heidrick & Struggles International, Inc. has been fluctuating over the past eight quarters. In Q4 2023, the company's cash conversion cycle was at -19.43 days, indicating that it takes less time to convert its investment in inventory and other resources into cash. This improvement from the previous quarter suggests a more efficient management of working capital.

In Q3 2023, the cash conversion cycle continued to show improvement as it decreased to -0.40 days, which implies that the company was able to collect cash from its sales process before having to pay its suppliers. However, this very low number could also be a reflection of possible anomalies or changes in the company's operations.

In Q2 2023, the cash conversion cycle increased to 6.63 days, indicating that the company took longer to convert its resources into cash compared to the previous quarter. This trend was also seen in Q1 2023 with a further increase to -23.34 days, where the negative sign signifies that the company was operating with negative working capital.

Looking back at Q4 2022, the company's cash conversion cycle was at -29.19 days, suggesting a similar trend of operating with negative working capital. The subsequent quarters of 2022 also showed negative figures, emphasizing the company's ability to operate with short cash cycles.

Overall, the fluctuating nature of Heidrick & Struggles International, Inc.'s cash conversion cycle over the past eight quarters may indicate variations in the company's working capital management, efficiency in collections, payments, and inventory turnover. Further examination and trend analysis are recommended to gain a deeper understanding of the company's cash flow dynamics.