Stride Inc (LRN)

Cash ratio

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	500,614	376,577	354,387	254,626	410,807	373,678	318,279	194,524	389,398	308,564	256,986	218,519	386,080	329,031	258,107	308,784	212,299	150,034	211,641	165,944
Short-term investments	US$ in thousands	383,372	174,900	151,200	105,300	111,900	79,300	82,900	75,100	63,000	61,200	51,500	29,500	17,300	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	244,280	281,961	240,902	299,136	309,135	284,247	249,258	289,245	302,073	250,179	238,198	284,634	306,244	254,802	228,611	235,994	273,416	257,619	133,670	139,702
Cash ratio		3.62	1.96	2.10	1.20	1.69	1.59	1.61	0.93	1.50	1.48	1.30	0.87	1.32	1.29	1.13	1.31	0.78	0.58	1.58	1.19

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($500,614K + $383,372K) ÷ $244,280K
= 3.62

The cash ratio of Stride Inc has shown fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations using available cash.

In analyzing Stride Inc's cash ratio data, we observe that the ratio has generally been above 1, indicating that the company has sufficient cash on hand to cover its short-term obligations. The ratio peaked at 3.62 on June 30, 2024, which suggests a strong liquidity position at that point in time.

However, we also note some variability in the cash ratio over the quarters, with ratios ranging from 0.58 to 3.62. Such fluctuations may indicate changes in the company's cash holdings and short-term liabilities during the respective periods.

Overall, the trend of the cash ratio for Stride Inc suggests that the company has maintained a relatively healthy level of liquidity, although it would be advisable to closely monitor any substantial deviations from the historical ratios to ensure continued financial stability.