Insperity Inc (NSP)

Quick ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	692,873	678,588	580,093	696,588	732,828	562,143	510,869	576,654	575,812	467,921	455,387	494,777	554,846	372,356	459,399	404,728	367,342	243,439	324,926	398,936
Short-term investments	US$ in thousands	135,313	116,670	135,260	91,081	90,031	77,982	75,710	45,676	120,742	82,610	82,584	82,570	82,521	72,861	75,230	39,002	47,946	77,036	74,644	78,088
Receivables	US$ in thousands	693,878	—	11,588	607,313	622,764	558,700	685,857	670,223	513,306	579,503	595,836	561,244	392,746	528,712	473,935	520,745	465,779	483,890	424,135	421,297
Total current liabilities	US$ in thousands	1,436,290	1,321,360	1,135,680	1,302,960	1,353,370	1,121,250	1,246,600	1,286,600	1,128,570	1,004,180	1,002,690	1,044,350	904,924	841,070	840,563	888,458	869,045	761,212	769,848	850,389
Quick ratio		1.06	0.60	0.64	1.07	1.07	1.07	1.02	1.00	1.07	1.13	1.13	1.09	1.14	1.16	1.20	1.09	1.01	1.06	1.07	1.06

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($692,873K + $135,313K + $693,878K) ÷ $1,436,290K
= 1.06

Insperity Inc's quick ratio has been relatively stable over the past eight quarters, ranging from 1.07 to 1.16. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities. Insperity Inc's quick ratios consistently above 1 indicate a strong liquidity position, providing a buffer against potential short-term financial challenges. The slight fluctuations in the quick ratio are within an acceptable range and do not raise concerns about the company's ability to meet its short-term obligations. Overall, the trend in Insperity Inc's quick ratio suggests a healthy liquidity position and effective management of its short-term finances.