ePlus inc (PLUS)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 507,241 | 805,213 | 800,457 | 741,125 | 794,100 | 757,762 | 859,575 | 837,736 | 649,459 | 851,347 | 634,464 | 604,917 | 540,545 | 659,630 | 594,736 | 562,485 | 538,892 | 621,432 | 502,635 | 542,240 |
| 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 |
| Quick ratio | 1.12 | 1.52 | 1.52 | 1.74 | 1.59 | 1.43 | 1.35 | 1.17 | 1.34 | 1.20 | 1.21 | 1.43 | 1.51 | 1.35 | 1.37 | 1.47 | 1.46 | 1.33 | 1.39 | 1.32 |
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 reporting periods. As of March 31, 2023, the quick ratio was at 1.34, indicating that the company had $1.34 in liquid assets available to cover each dollar of current liabilities. The quick ratio increased to 1.59 by March 31, 2024, suggesting an improvement in the company's ability to meet short-term obligations using its most liquid assets.
However, the quick ratio decreased to 1.12 as of March 31, 2025, which could raise concerns about the company's short-term liquidity position. A quick ratio below 1.0 typically indicates that a company may have difficulty meeting its short-term obligations without selling inventory or obtaining additional financing.
It is important for stakeholders to continue monitoring ePlus Inc's quick ratio trend over time to assess the company's ability to manage its short-term liquidity effectively and sustain its financial health.
Peer comparison
Mar 31, 2025