Manhattan Associates Inc (MANH)

Current 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
Total current assets	US$ in thousands	503,264	452,313	426,146	445,206	479,190	392,859	360,019	371,504	415,375	366,695	374,552	377,270	408,419	385,667	347,232	330,051	334,041	288,388	251,759	216,955
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
Current ratio		1.26	1.25	1.17	1.20	1.31	1.18	1.09	1.15	1.32	1.29	1.38	1.47	1.64	1.66	1.60	1.60	1.70	1.56	1.37	1.23

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $503,264K ÷ $400,304K
= 1.26

The current ratio of Manhattan Associates Inc has shown fluctuations over the past few years, ranging from a low of 1.09 to a high of 1.70. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

The company's current ratio has generally been above 1, indicating that it has more current assets than current liabilities, which is a positive sign. A ratio above 1 implies that the company has sufficient short-term liquidity to cover its obligations.

It's important to note that the current ratio has been decreasing in recent quarters, which could indicate either a decrease in current assets, an increase in current liabilities, or both. This trend should be further analyzed to understand the company's changing liquidity position and financial health.

Overall, while Manhattan Associates Inc has generally maintained a healthy current ratio above 1, attention should be paid to the recent downward trend and the factors driving this change.