Gartner Inc (IT)
Cash 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 and cash equivalents | US$ in thousands | 1,319,000 | 1,249,360 | 1,172,830 | 893,512 | 697,999 | 528,687 | 360,473 | 456,175 | 756,493 | 765,500 | 796,257 | 445,995 | 712,583 | 553,715 | 356,633 | 227,850 | 280,836 | 306,727 | 218,453 | 149,270 |
| Short-term investments | US$ in thousands | 5,962 | 8,117 | 7,848 | 5,909 | 6,346 | 4,351 | — | — | — | — | — | — | — | — | — | — | — | 14,100 | — | — |
| Total current liabilities | US$ in thousands | 3,777,720 | 3,312,710 | 3,337,250 | 3,454,260 | 3,597,600 | 3,085,890 | 3,178,380 | 3,260,420 | 3,378,780 | 2,904,540 | 2,909,610 | 2,812,420 | 2,947,490 | 2,521,560 | 2,539,320 | 2,530,340 | 2,856,530 | 2,527,260 | 2,482,150 | 2,568,920 |
| Cash ratio | 0.35 | 0.38 | 0.35 | 0.26 | 0.20 | 0.17 | 0.11 | 0.14 | 0.22 | 0.26 | 0.27 | 0.16 | 0.24 | 0.22 | 0.14 | 0.09 | 0.10 | 0.13 | 0.09 | 0.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,319,000K
+ $5,962K)
÷ $3,777,720K
= 0.35
The cash ratio of Gartner, Inc. has been relatively stable over the past eight quarters, ranging from 0.25 to 0.51. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
An increasing trend in the cash ratio indicates an improved liquidity position, as the company holds more cash to meet its current obligations. On the other hand, a decreasing trend may suggest that the company is utilizing its cash for investments or other purposes rather than keeping it readily available.
In the most recent quarter, Q4 2023, Gartner, Inc. had a cash ratio of 0.48, which indicates that for every dollar of current liabilities, the company had $0.48 in cash and cash equivalents. This signifies that Gartner, Inc. has a sufficient amount of cash to cover a substantial portion of its short-term obligations, which implies a healthy liquidity position.
Overall, while the cash ratio of Gartner, Inc. has shown some fluctuations, the recent ratio of 0.48 demonstrates a strong ability to meet its short-term financial commitments using its available cash resources.
Peer comparison
Dec 31, 2023