N-Able Inc (NABL)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.23 | 3.01 | 2.97 | 3.01 | 2.75 | 2.56 | 2.49 | 2.55 | 2.49 | 2.42 | 2.45 | 2.26 | 1.99 | 1.96 | 1.57 | 2.45 | 2.48 |
| Quick ratio | 0.57 | 1.86 | 1.85 | 1.89 | 1.87 | 1.60 | 1.48 | 1.54 | 1.60 | 1.48 | 1.48 | 1.26 | 1.10 | 1.06 | 11.23 | 1.81 | 1.82 |
| Cash ratio | 0.57 | 1.86 | 1.85 | 1.89 | 1.87 | 1.60 | 1.48 | 1.54 | 1.60 | 1.48 | 1.48 | 1.26 | 1.10 | 1.06 | 11.23 | 1.81 | 1.82 |
N-Able Inc's current ratio has shown fluctuations over the past few years, but overall, it has remained above the ideal value of 2. This indicates that the company has generally been able to meet its short-term obligations with its current assets.
The quick ratio, also known as the acid-test ratio, provides a more stringent measure of liquidity by excluding inventory from current assets. N-Able Inc's quick ratio has also varied, with some values dropping below 1, which may raise concerns about the company's ability to cover its short-term liabilities without relying on inventory.
The cash ratio, which is the most conservative liquidity ratio, focuses solely on the cash and cash equivalents that can be used to cover current liabilities. N-Able Inc's cash ratio has been relatively stable, with most values comfortably above 1, indicating the company's ability to cover its short-term liabilities with cash on hand.
In summary, while N-Able Inc's current ratio has generally been satisfactory, the quick ratio at times falls below the desired threshold, highlighting a potential risk in meeting short-term obligations without relying on inventory. The cash ratio, on the other hand, indicates that the company has a sufficient level of cash to cover its immediate liabilities.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
N-Able Inc has consistently maintained a cash conversion cycle of 0.00 days throughout the period from December 31, 2020, to December 31, 2024. This indicates that the company is efficiently managing its cash flow by swiftly converting its investments in inventory into cash from sales, and then collecting its receivables promptly. A cash conversion cycle of 0.00 days suggests that N-Able Inc is effectively managing its working capital and operating efficiently, as there is little to no delay in converting its resources into cash inflows. This efficiency in cash conversion cycle is a positive indication of the company's financial health and operational effectiveness.