Manhattan Associates Inc (MANH)
Quick 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 | 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 |
| Receivables | US$ in thousands | 182,544 | 183,377 | 178,453 | 160,568 | 167,414 | 143,504 | 133,852 | 132,038 | 127,017 | 115,344 | 113,955 | 106,274 | 111,076 | 105,339 | 108,099 | 112,467 | 102,269 | 108,397 | 100,291 | 107,352 |
| 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 |
| Quick ratio | 1.24 | 1.10 | 1.00 | 1.06 | 1.24 | 1.20 | 1.28 | 1.36 | 1.57 | 1.55 | 1.49 | 1.47 | 1.60 | 1.47 | 1.26 | 1.07 | 1.17 | 1.22 | 1.30 | 1.28 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($270,741K
+ $—K
+ $182,544K)
÷ $365,915K
= 1.24
The quick ratio of Manhattan Associates, Inc. has shown some fluctuations over the past eight quarters. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
In Q4 2023, the quick ratio was 1.31, indicating that the company had $1.31 of liquid assets available to cover each dollar of its current liabilities. This represents an improvement from the previous quarter's ratio of 1.18. However, the Q4 2023 quick ratio was slightly lower than the same period in the previous year, where it stood at 1.32.
Overall, Manhattan Associates, Inc. has maintained a relatively healthy quick ratio above 1.0 over the analyzed quarters. This suggests that the company is capable of meeting its short-term financial obligations using its liquid assets, which is a positive indication of its financial health and liquidity position. It is essential for stakeholders to monitor any significant changes in the quick ratio to assess potential liquidity challenges that the company may face in the future.
Peer comparison
Dec 31, 2023