ePlus inc (PLUS)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 253,021 | 142,170 | 82,498 | 101,574 | 103,093 | 99,395 | 99,531 | 83,488 | 155,378 | 105,566 | 56,950 | 93,840 | 129,562 | 86,463 | 161,081 | 144,382 | 86,231 | 59,555 | 55,832 | 35,604 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 656,990 | 631,463 | 700,368 | 800,786 | 561,326 | 793,577 | 607,311 | 533,972 | 460,036 | 567,413 | 475,625 | 446,405 | 459,364 | 531,038 | 476,493 | 519,560 | 386,639 | 439,490 | 421,499 | 407,420 |
| Cash ratio | 0.39 | 0.23 | 0.12 | 0.13 | 0.18 | 0.13 | 0.16 | 0.16 | 0.34 | 0.19 | 0.12 | 0.21 | 0.28 | 0.16 | 0.34 | 0.28 | 0.22 | 0.14 | 0.13 | 0.09 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($253,021K
+ $—K)
÷ $656,990K
= 0.39
The cash ratio of ePlus inc has fluctuated over the past few quarters, ranging from a low of 0.09 to a high of 0.39. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
It appears that ePlus inc had a relatively low cash ratio of 0.12 in the third quarter of 2021, indicating a weaker ability to cover short-term obligations with cash. However, the ratio improved in the subsequent quarters, reaching a peak of 0.39 in the first quarter of 2024, suggesting a stronger liquidity position.
Overall, the trend in ePlus inc's cash ratio shows some volatility but indicates that the company has been working to improve its liquidity position over the past few quarters. A higher cash ratio generally implies a better ability to meet short-term obligations, while a lower ratio could indicate potential liquidity challenges.
Peer comparison
Mar 31, 2024