Gartner Inc (IT)
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 | 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 | — | — |
| Receivables | US$ in thousands | 1,601,230 | 1,140,560 | 1,271,790 | 1,523,440 | 1,556,790 | 1,047,140 | 1,172,000 | 1,326,400 | 1,365,180 | 969,966 | 1,102,560 | 1,175,430 | 1,241,510 | 948,864 | 1,048,520 | 1,148,560 | 1,326,010 | 1,028,320 | 1,112,860 | 1,178,860 |
| 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 |
| Quick ratio | 0.77 | 0.72 | 0.73 | 0.70 | 0.63 | 0.51 | 0.48 | 0.55 | 0.63 | 0.60 | 0.65 | 0.58 | 0.66 | 0.60 | 0.55 | 0.54 | 0.56 | 0.53 | 0.54 | 0.52 |
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 a fluctuating trend over the past eight quarters. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets.
In Q4 2022, the quick ratio was at 0.76, indicating that the company had $0.76 in liquid assets available to cover each dollar of current liabilities. The ratio improved steadily over the next three quarters, reaching 0.91 in Q4 2023. This suggests an enhancement in Gartner's ability to meet its short-term obligations with its quick assets.
However, it is essential to note that the quick ratio was below 1 for all the quarters in consideration. A ratio below 1 may indicate that the company may have difficulty meeting its short-term obligations if they all came due at once. This could signal potential liquidity issues for Gartner, Inc.
Overall, while there has been some improvement in Gartner's quick ratio over the past eight quarters, the consistent ratio below 1 raises concerns about the company's ability to cover its short-term liabilities with its quick assets. Further analysis and monitoring of their liquidity position would be necessary to assess their financial health accurately.
Peer comparison
Dec 31, 2023