Stride Inc (LRN)
Cash ratio
| 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 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 782,497 | 528,547 | 515,049 | 317,765 | 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 |
| Short-term investments | US$ in thousands | 202,769 | 195,144 | 202,447 | 204,473 | 191,672 | 174,900 | 151,200 | 105,300 | 108,618 | 79,300 | 82,900 | 75,089 | 63,000 | 61,200 | 51,500 | — | 17,300 | 3,800 | 3,100 | — |
| Total current liabilities | US$ in thousands | 302,879 | 269,567 | 230,660 | 230,655 | 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 |
| Cash ratio | 3.25 | 2.68 | 3.11 | 2.26 | 2.83 | 1.96 | 2.10 | 1.20 | 1.68 | 1.59 | 1.61 | 0.93 | 1.50 | 1.48 | 1.30 | 0.77 | 1.32 | 1.31 | 1.14 | 1.31 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($782,497K
+ $202,769K)
÷ $302,879K
= 3.25
The analysis of Stride Inc's cash ratio over the specified period indicates a generally strong liquidity position, with some fluctuations observed. The cash ratio, which measures the company’s ability to cover its current liabilities with cash and cash equivalents, initially declined from 1.31 as of September 30, 2020, to a low of 0.77 on September 30, 2021, signaling a brief weakening in liquidity. Subsequently, the ratio recovered and exhibited an upward trend, reaching 1.61 by December 31, 2022, and further increasing to 2.10 by December 31, 2023. The positive trend continued into 2024, with ratios of 1.96 on March 31, 2024, and reaching a peak of 3.11 on December 31, 2024. The most recent data point shows the ratio at 2.68 as of March 31, 2025.
Throughout the observed period, the cash ratio has mostly remained above 1, indicating that Stride Inc has generally maintained sufficient cash and cash equivalents to cover its current liabilities. The substantial increase observed post-2021 suggests a significant strengthening of liquidity reserves, which could reflect enhanced cash management strategies or increased cash holdings. The fluctuations, including the notable dip in late 2021, may be attributed to seasonal working capital needs or strategic investments.
In summary, Stride Inc’s cash ratio demonstrates a robust liquidity position in recent periods, with a notable upward trend in late 2023 and 2024, pointing to improved short-term financial stability and liquidity management.
Peer comparison
Jun 30, 2025