Medpace Holdings Inc (MEDP)
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 | 669,436 | 656,900 | 510,894 | 407,010 | 245,449 | 95,207 | 39,138 | 46,922 | 28,265 | 31,007 | 42,551 | 82,843 | 461,304 | 398,387 | 339,009 | 332,877 | 277,766 | 219,227 | 160,903 | 133,999 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 296,443 | 311,466 | 301,108 | 279,166 | 298,400 | 292,773 | 275,058 | 257,746 | 253,404 | 249,086 | 225,695 | 224,759 | 186,432 | 186,378 | 161,489 | 159,997 | 160,962 | 134,087 | 127,286 | 136,374 |
| Total current liabilities | US$ in thousands | 1,104,550 | 1,041,350 | 993,088 | 956,645 | 925,131 | 848,518 | 852,437 | 881,889 | 803,470 | 820,868 | 878,959 | 579,428 | 557,217 | 517,182 | 472,607 | 447,306 | 440,110 | 358,396 | 337,984 | 338,651 |
| Quick ratio | 0.87 | 0.93 | 0.82 | 0.72 | 0.59 | 0.46 | 0.37 | 0.35 | 0.35 | 0.34 | 0.31 | 0.53 | 1.16 | 1.13 | 1.06 | 1.10 | 1.00 | 0.99 | 0.85 | 0.80 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($669,436K
+ $—K
+ $296,443K)
÷ $1,104,550K
= 0.87
The quick ratio of Medpace Holdings Inc has shown fluctuations over the past few years, indicating changes in the company's short-term liquidity position. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to March 31, 2021, the quick ratio steadily increased from 0.80 to 1.10, showing an improvement in the company's ability to cover its current liabilities with its liquid assets. However, starting from June 30, 2021, the quick ratio began to decrease, reaching its lowest point of 0.31 on June 30, 2022, indicating a potential strain on the company's liquidity.
Subsequently, there was a slight recovery in the quick ratio, reaching 0.59 on December 31, 2023. However, the ratio dropped to 0.35 on March 31, 2023, before steadily increasing again to 0.87 on December 31, 2024.
Overall, the quick ratio of Medpace Holdings Inc has been fluctuating within a range, signifying varying levels of liquidity. It is essential for the company to maintain an adequate level of quick ratio to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024