ePlus inc (PLUS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 644,616 | 597,363 | 650,017 | 677,988 | 504,122 | 674,935 | 525,176 | 482,166 | 430,380 | 520,629 | 457,308 | 465,424 | 391,567 | 460,385 | 369,037 | 393,044 | 374,998 | 413,741 | 355,178 | 366,163 |
| 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 |
| Quick ratio | 1.37 | 1.17 | 1.05 | 0.97 | 1.08 | 0.98 | 1.03 | 1.06 | 1.27 | 1.10 | 1.08 | 1.25 | 1.13 | 1.03 | 1.11 | 1.03 | 1.19 | 1.08 | 0.98 | 0.99 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($253,021K
+ $—K
+ $644,616K)
÷ $656,990K
= 1.37
The quick ratio of ePlus Inc has shown fluctuations over the past few quarters, ranging from 0.97 to 1.37. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
In the most recent quarter ending March 31, 2024, the quick ratio stands at 1.37, displaying a strong ability to meet its short-term obligations with its current liquid assets. This indicates a healthy financial position for the company in the short term.
However, there have been periods in the past where the quick ratio was below 1, such as in June 2020 and December 2019. During these times, the company may have faced challenges in meeting its short-term obligations with its available liquid assets.
Overall, the trend in ePlus Inc's quick ratio suggests that the company has generally maintained a strong liquidity position over the quarters, with occasional fluctuations. Further analysis of the company's cash management and working capital practices would provide a deeper understanding of its liquidity management strategies.
Peer comparison
Mar 31, 2024