N-Able Inc (NABL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 85,196 | 153,048 | 98,847 | 66,736 | 99,790 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 150,098 | 81,717 | 61,814 | 60,878 | 54,827 |
| Quick ratio | 0.57 | 1.87 | 1.60 | 1.10 | 1.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($85,196K
+ $—K
+ $—K)
÷ $150,098K
= 0.57
The quick ratio of N-Able Inc, which measures the company's ability to cover its short-term obligations with its most liquid assets, has shown fluctuations over the years.
As of December 31, 2020, the quick ratio was healthy at 1.82, indicating that the company had $1.82 in liquid assets available to cover each dollar of current liabilities. However, there was a notable decrease by December 31, 2021, where the quick ratio dropped to 1.10, suggesting a potential strain on the company's short-term financial obligations.
By December 31, 2022, the quick ratio improved to 1.60, indicating that N-Able Inc had strengthened its liquidity position compared to the previous year. The ratio further increased to 1.87 by December 31, 2023, reflecting a healthier financial standing and enhanced ability to meet short-term liabilities.
However, there was a significant decline in the quick ratio by December 31, 2024, with a ratio of 0.57. This substantial drop may raise concerns about the company's ability to cover its short-term obligations with its current liquid assets.
Overall, while the quick ratio of N-Able Inc has shown both positive and negative trends over the years, it is essential for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024