Heidrick & Struggles International (HSII)
Quick ratio
| 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 | US$ in thousands | 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 | 271,719 | 176,372 | 105,314 | 114,414 |
| Short-term investments | US$ in thousands | 65,538 | 47,560 | 21,240 | 0 | 266,169 | 180,507 | — | — | 0 | 0 | 0 | 0 | 19,999 | 67,028 | 69,055 | — | 61,153 | 42,566 | 38,698 | — |
| Receivables | US$ in thousands | 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 | 135,834 | 179,466 | 177,896 | 163,434 |
| Total current liabilities | US$ in thousands | 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 | 345,342 | 296,241 | 235,314 | 216,619 |
| 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 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($412,618K
+ $65,538K
+ $133,128K)
÷ $438,691K
= 1.39
The quick ratio for Heidrick & Struggles International, Inc. has been relatively stable over the past eight quarters, ranging from 1.39 to 1.72. This indicates that the company has consistently maintained a healthy level of liquidity to cover its short-term obligations without relying heavily on its inventory.
The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets (such as cash, marketable securities, and accounts receivable). A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities.
Heidrick & Struggles International, Inc.'s quick ratios have generally been above 1, which is a positive sign of its liquidity position. The slight fluctuations in the quick ratio over the quarters are normal and may be influenced by changes in the company's accounts receivable, cash position, or short-term liabilities.
Overall, a quick ratio consistently above 1.5 indicates that Heidrick & Struggles International, Inc. has maintained a strong liquidity position during the periods covered in the table. However, it would be important to complement this analysis with a deeper dive into the company's cash management practices and potential factors influencing its liquidity ratios.
Peer comparison
Dec 31, 2023