ePlus inc (PLUS)
Cash ratio
| Mar 31, 2025 | 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 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 389,375 | 253,074 | 187,528 | 349,909 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 73,773 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 797,883 | 696,811 | 649,922 | 628,236 | 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 |
| Cash ratio | 0.49 | 0.36 | 0.29 | 0.56 | 0.39 | 0.23 | 0.12 | 0.13 | 0.18 | 0.13 | 0.16 | 0.29 | 0.34 | 0.19 | 0.12 | 0.21 | 0.28 | 0.16 | 0.34 | 0.28 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($389,375K
+ $—K)
÷ $797,883K
= 0.49
The cash ratio of ePlus inc has shown fluctuations over the reporting periods. The cash ratio represents the proportion of a company's total cash and cash equivalents to its current liabilities, providing insight into the company's ability to cover its short-term obligations with its liquid assets.
From June 30, 2020 to September 30, 2021, the cash ratio ranged from 0.12 to 0.34, indicating some variability in the company's ability to meet its short-term liabilities with its available cash. The ratio improved slightly towards the end of 2021, reaching 0.19 by December 31, 2021.
In the following periods, the ratio fluctuated within the range of 0.13 to 0.39, showcasing ongoing variability in the company's liquidity position. Notably, there was a significant increase in the cash ratio to 0.56 by June 30, 2024, suggesting an improvement in the company's ability to cover its short-term obligations with cash on hand.
Overall, the cash ratio of ePlus inc has demonstrated fluctuations over time, indicating varying levels of liquidity and ability to meet its short-term liabilities with its available cash reserves. Investors and stakeholders may monitor this ratio to assess the company's liquidity position and financial health.
Peer comparison
Mar 31, 2025