Maximus Inc (MMS)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	183,123	102,794	77,370	104,186	65,405	35,007	56,344	63,050	40,658	93,748	92,638	181,790	135,061	96,110	101,683	132,597	71,737	81,548	126,257	149,515
Short-term investments	US$ in thousands	—	—	—	-72,512	—	—	—	—	—	21,864	17,737	3,233	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	807,529	680,043	728,716	658,366	723,014	683,301	681,175	746,222	774,447	730,206	753,266	710,792	789,433	860,604	593,724	547,400	561,168	502,544	438,332	432,708
Cash ratio		0.23	0.15	0.11	0.05	0.09	0.05	0.08	0.08	0.05	0.16	0.15	0.26	0.17	0.11	0.17	0.24	0.13	0.16	0.29	0.35

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($183,123K + $—K) ÷ $807,529K
= 0.23

The cash ratio of Maximus Inc has shown variations over the past periods. The cash ratio represents the company's ability to cover its short-term obligations with its cash and cash equivalents.

In the most recent period ending September 30, 2024, the cash ratio was 0.23, indicating an improvement compared to the previous quarter. This suggests that Maximus Inc had $0.23 in cash and cash equivalents for every $1 of current liabilities, showing a stronger liquidity position.

However, looking back over the past several quarters, the cash ratio has fluctuated. Maximus Inc experienced a significant increase in the cash ratio from the end of 2021 to mid-2022, reaching a high of 0.35 in March 2022. This indicated a strong ability to meet short-term obligations with available cash.

Subsequently, there was a slight decline in the cash ratio, but it remained relatively stable until the end of 2023, when it dropped to 0.05, indicating a lower liquidity position. The company showed a slight improvement in the most recent quarter, which may imply better management of its cash and cash equivalents.

Overall, the trend in Maximus Inc's cash ratio suggests some fluctuations in its liquidity position over the analyzed period, with efforts to maintain a sufficient level of cash on hand to cover short-term liabilities. Monitoring this ratio over time can provide insights into the company's liquidity management strategies.