Manhattan Associates Inc (MANH)

Current 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
Total current assets	US$ in thousands	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	232,041	241,595	239,557	231,296
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
Current ratio		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	1.28	1.32	1.42	1.40

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $479,190K ÷ $365,915K
= 1.31

Manhattan Associates, Inc.'s current ratio has fluctuated over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to meet short-term liabilities.

In Q4 2023, the current ratio was 1.31, showing an increase from the previous quarter. This suggests that Manhattan Associates improved its ability to cover its short-term obligations. The current ratio of 1.18 in Q3 2023 and 1.09 in Q2 2023 indicated a slightly weaker liquidity position, possibly due to increased short-term liabilities or a decrease in current assets.

Comparing the latest current ratio with the same period last year, there has been a slight decrease from 1.32 in Q4 2022. However, the current ratios in Q3 2022, Q2 2022, and Q1 2022 were lower than the current ratio in the latest quarter, indicating an improvement in liquidity compared to those previous quarters.

Overall, Manhattan Associates' current ratio has shown some variability in the recent quarters but has remained above 1, suggesting that the company has generally been able to cover its short-term obligations with its current assets. It would be important to monitor future trends in the current ratio to assess the company's ongoing liquidity position.