ePlus inc (PLUS)
Cash ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 86,231 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 73,773 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 386,639 |
| Cash ratio | 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 | 0.22 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($253,074K
+ $—K)
÷ $696,811K
= 0.36
The cash ratio is an important liquidity ratio that measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. ePlus inc's cash ratio has fluctuated over the past few years, ranging from a low of 0.12 on September 30, 2021, to a high of 0.56 on June 30, 2024.
The cash ratio improved significantly in the most recent periods, reaching 0.39 on March 31, 2024, and 0.36 on December 31, 2024, indicating a stronger ability to cover short-term obligations with available cash. This trend suggests that ePlus inc may have been actively managing its cash reserves or experiencing changes in its cash position during this period.
It is important for investors and analysts to closely monitor ePlus inc's cash ratio to ensure the company maintains a healthy level of liquidity to meet its financial obligations as they come due.
Peer comparison
Dec 31, 2024