ePlus inc (PLUS)

Quick 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 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
Receivables US$ in thousands 805,213 800,457 741,125 794,100 757,762 859,575 837,736 649,459 851,347 634,464 604,917 540,545 659,630 594,736 562,485 538,892 621,432 502,635 542,240 481,737
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
Quick ratio 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 1.47

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($253,074K + $—K + $805,213K) ÷ $696,811K
= 1.52

The quick ratio of ePlus inc has shown some fluctuations over the given period. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. From March 31, 2020, to December 31, 2024, the quick ratio ranged from a low of 1.17 to a high of 1.74.

Overall, the quick ratio generally remained above 1, indicating that ePlus inc had an adequate level of liquid assets to cover its current liabilities throughout the period. A quick ratio above 1 suggests that the company can meet its short-term obligations without relying heavily on inventory sales.

There were some fluctuations in the quick ratio over the period, which may indicate changes in the company's liquidity position or management of its current assets and liabilities. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's ability to manage its short-term financial obligations effectively.


Peer comparison

Dec 31, 2024

Company name
Symbol
Quick ratio
ePlus inc
PLUS
1.52
ScanSource Inc
SCSC
1.28