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.