Manhattan Associates Inc (MANH)
Cash ratio
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 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 266,230 | 214,952 | 202,709 | 207,524 | 270,741 | 182,312 | 153,294 | 181,595 | 225,463 | 197,055 | 213,771 | 216,317 | 263,706 | 246,445 | 209,343 | 197,166 | 204,705 | 166,254 | 123,638 | 75,279 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 |
Total current liabilities | US$ in thousands | 400,304 | 362,243 | 362,710 | 372,020 | 365,915 | 332,826 | 330,609 | 322,753 | 315,595 | 283,970 | 271,226 | 257,048 | 249,042 | 232,862 | 216,861 | 206,738 | 196,986 | 185,089 | 183,421 | 176,188 |
Cash ratio | 0.67 | 0.59 | 0.56 | 0.56 | 0.74 | 0.55 | 0.46 | 0.56 | 0.71 | 0.69 | 0.79 | 0.84 | 1.06 | 1.06 | 0.97 | 0.95 | 1.04 | 0.90 | 0.67 | 0.43 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($266,230K
+ $—K)
÷ $400,304K
= 0.67
The cash ratio of Manhattan Associates Inc has fluctuated over the period under consideration. The ratio stood at 0.43 as of March 31, 2020, indicating that the company had $0.43 of cash and cash equivalents for every dollar of current liabilities. It then improved to 1.06 by December 31, 2021, suggesting a stronger liquidity position. However, the ratio decreased to 0.56 by March 31, 2023, and further dropped to 0.46 by June 30, 2023, indicating a potential decline in the company's ability to cover its short-term liabilities solely with cash.
The cash ratio recovered slightly to 0.74 by December 31, 2023, before dropping once again to 0.56 by March 31, 2024. By December 31, 2024, the ratio increased to 0.67, showing a slight improvement in the company's liquidity position compared to the previous quarter. Overall, the trend in Manhattan Associates Inc's cash ratio reflects fluctuations in its cash holdings relative to its short-term obligations, highlighting the importance of monitoring liquidity levels for stability and financial health.
Peer comparison
Dec 31, 2024