Manhattan Associates Inc (MANH)
Quick 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 | 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 |
| Receivables | US$ in thousands | 210,669 | 199,756 | 191,226 | 205,701 | 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 |
| 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 |
| Quick ratio | 1.19 | 1.14 | 1.09 | 1.11 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($266,230K
+ $—K
+ $210,669K)
÷ $400,304K
= 1.19
The quick ratio of Manhattan Associates Inc has shown fluctuating trends over the past five years. Starting at 1.07 in March 31, 2020, the quick ratio improved steadily, reaching a peak of 1.60 by December 31, 2020. Subsequently, the ratio experienced some variability but generally remained above 1, indicating the company's ability to meet its short-term obligations using its most liquid assets.
However, towards the end of 2023 and early 2024, the quick ratio declined, dropping to 1.00 by June 30, 2023, and then recovering slightly to 1.19 by December 31, 2024. While the ratio stayed above 1 throughout the period, the decreasing trend may suggest a potential constraint on the company's liquidity position in the short term.
Overall, the quick ratio of Manhattan Associates Inc reflects a generally healthy liquidity position, with the ability to cover short-term liabilities with its quick assets. However, management should closely monitor the trend in the quick ratio to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2024