Heidrick & Struggles International (HSII)
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 | 515,627 | 363,422 | 189,922 | 252,831 | 412,618 | 286,429 | 217,776 | 204,691 | 355,447 | 275,468 | 336,634 | 267,986 | 545,225 | 348,292 | 237,832 | 184,055 | 316,473 | 170,577 | 218,760 | 251,000 |
| Short-term investments | US$ in thousands | 47,896 | 46,005 | 106,963 | 0 | 65,538 | 47,560 | 21,240 | 0 | 266,169 | 180,507 | — | — | 0 | 0 | 0 | 0 | 19,999 | 67,028 | 69,055 | — |
| Receivables | US$ in thousands | 134,331 | 186,252 | 187,113 | 172,953 | 133,128 | 189,442 | 197,899 | 160,092 | 161,725 | 227,664 | 255,499 | 227,293 | 170,692 | 211,637 | 198,083 | 150,051 | 107,775 | 139,056 | 148,485 | 161,995 |
| Total current liabilities | US$ in thousands | 483,013 | 395,391 | 306,749 | 251,878 | 438,691 | 391,967 | 318,793 | 260,174 | 588,477 | 518,604 | 434,202 | 339,719 | 534,694 | 425,046 | 317,794 | 217,270 | 318,238 | 267,666 | 222,034 | 207,946 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($515,627K
+ $47,896K
+ $134,331K)
÷ $483,013K
= 1.44
The quick ratio of Heidrick & Struggles International has shown some fluctuations over the past few years, reflecting its ability to meet its short-term obligations with its most liquid assets. The ratio has generally remained above 1, indicating the company's ability to cover its current liabilities with its quick assets.
The quick ratio ranged from a low of 1.32 on September 30, 2021, to a high of 1.99 on March 31, 2020. The ratio then fluctuated between 1.32 and 1.58 until December 31, 2024, where it stood at 1.44. These fluctuations suggest some variability in the company's ability to quickly convert its current assets into cash to meet short-term obligations.
Overall, the trend in the quick ratio indicates that Heidrick & Struggles International has maintained a relatively strong liquidity position over the years, with the ratio generally above 1, although it experienced some fluctuations during the period under review. The company's ability to cover its short-term liabilities with its quick assets highlights a favorable liquidity position and ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024