Manhattan Associates Inc (MANH)

Cash 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 and cash equivalents	US$ in thousands	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	110,678	113,618	119,401	104,879
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	—	0	0	0
Total current liabilities	US$ in thousands	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	181,596	182,494	169,132	165,534
Cash ratio		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	0.61	0.62	0.71	0.63

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($270,741K + $—K) ÷ $365,915K
= 0.74

The cash ratio is used to measure a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these liabilities.

Looking at Manhattan Associates, Inc.'s cash ratio over the past 8 quarters, we can see fluctuations in the ratio. It varied between 0.55 and 0.95 during this period.

The company's cash ratio has been relatively stable in the range of 0.55 to 0.95. It reached its lowest point in Q2 2023 at 0.55 and its highest point in Q1 2022 at 0.95. This indicates that Manhattan Associates, Inc. has maintained a moderate level of liquidity over the quarters.

Overall, the company's cash ratio has shown some variability, but generally stayed within a reasonable range. It suggests that Manhattan Associates, Inc. has been able to manage its short-term obligations with its available cash and cash equivalents throughout the observed period.