International Business Machines (IBM)

Quick ratio

		Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	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
Cash	US$ in thousands	13,641,000	11,569,000	11,943,000	11,035,000	13,947,000	13,197,000	12,210,000	14,603,000	13,068,000	7,257,000	9,394,000	9,337,000	7,886,000	7,816,000	7,034,000	9,934,000	6,650,000	7,455,000	7,350,000	10,531,000
Short-term investments	US$ in thousands	830,000	3,286,000	3,504,000	6,430,000	644,000	505,000	1,481,000	4,512,000	373,000	3,721,000	6,904,000	8,057,000	852,000	1,753,000	524,000	550,000	600,000	600,000	600,000	600,000
Receivables	US$ in thousands	17,639,000	12,607,000	12,747,000	11,882,000	14,010,000	11,574,000	11,601,000	11,678,000	13,956,000	11,204,000	6,120,000	6,218,000	7,005,000	6,048,000	13,395,000	6,480,000	7,225,000	15,235,000	16,370,000	16,589,000
Total current liabilities	US$ in thousands	38,658,000	35,142,000	37,726,000	35,106,000	33,142,000	28,853,000	29,648,000	32,397,000	34,122,000	30,606,000	32,513,000	30,993,000	31,505,000	30,466,000	31,844,000	34,056,000	33,619,000	35,832,000	36,616,000	36,542,000
Quick ratio		0.83	0.78	0.75	0.84	0.86	0.88	0.85	0.95	0.80	0.72	0.69	0.76	0.50	0.51	0.66	0.50	0.43	0.65	0.66	0.76

December 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($13,641,000K + $830,000K + $17,639,000K) ÷ $38,658,000K
= 0.83