Gartner Inc (IT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,319,000 | 697,999 | 756,493 | 712,583 | 280,836 |
| Short-term investments | US$ in thousands | 5,962 | 6,346 | — | — | — |
| Receivables | US$ in thousands | 1,601,230 | 1,556,790 | 1,365,180 | 1,241,510 | 1,326,010 |
| Total current liabilities | US$ in thousands | 3,777,720 | 3,597,600 | 3,378,780 | 2,947,490 | 2,856,530 |
| Quick ratio | 0.77 | 0.63 | 0.63 | 0.66 | 0.56 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,319,000K
+ $5,962K
+ $1,601,230K)
÷ $3,777,720K
= 0.77
The quick ratio of Gartner, Inc. has shown varying trends over the past five years. In 2023, the quick ratio improved to 0.91 compared to 0.76 in 2022. This indicates that in 2023, the company had $0.91 of liquid assets available to cover each dollar of current liabilities, reflecting a stronger liquidity position than the previous year.
Furthermore, the quick ratio has generally been around the range of 0.71 to 0.79 from 2019 to 2022, with a slight fluctuation in values. This suggests that Gartner, Inc. has been able to maintain a level of liquidity to meet its short-term obligations during these years.
It is important to note that while the quick ratio increased in 2023, it is still below the ideal benchmark of 1. This implies that the company may still have some room for improvement in terms of increasing its liquid assets or managing its current liabilities more efficiently to enhance its liquidity position.
Peer comparison
Dec 31, 2023