ePlus inc (PLUS)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 389,375 | 253,021 | 103,093 | 155,378 | 129,562 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 507,241 | 794,100 | 649,459 | 540,545 | 538,892 |
| Total current liabilities | US$ in thousands | 797,883 | 656,990 | 561,326 | 460,036 | 459,364 |
| Quick ratio | 1.12 | 1.59 | 1.34 | 1.51 | 1.46 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($389,375K
+ $—K
+ $507,241K)
÷ $797,883K
= 1.12
The quick ratio of ePlus Inc has shown fluctuations over the past five years. It was 1.46 on March 31, 2021, indicating that the company had $1.46 of liquid assets to cover each dollar of current liabilities. The ratio increased to 1.51 on March 31, 2022, indicating a slight improvement in the company's liquidity position.
However, on March 31, 2023, the quick ratio decreased to 1.34, suggesting a reduction in the company's ability to meet its short-term obligations with its liquid assets. The ratio then improved significantly to 1.59 on March 31, 2024, indicating an increase in the company's liquidity.
On March 31, 2025, the quick ratio decreased to 1.12, signaling a potential liquidity challenge as the company may have fewer liquid assets available to cover its current liabilities. Overall, while the quick ratio has shown variability, it is generally at satisfactory levels, with the company generally able to meet its short-term obligations using its liquid assets.
Peer comparison
Mar 31, 2025