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