Progress Software Corporation (PRGS)
Quick ratio
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 94,807 | 99,008 | 102,006 | 124,161 | 118,077 | 232,713 | 190,420 | 133,222 | 126,958 | 137,999 | 125,531 | 107,981 | 256,277 | 224,115 | 224,863 | 171,666 | 155,406 | 379,895 | 357,360 | 107,698 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 75,814 | — | 5,350 | — | 110 | — | 14,944 | -4,515 | 749 | 1,050 | 1,656 | 1,967 | 3,782 | 5,300 | 6,673 |
| Receivables | US$ in thousands | 272,332 | 187,361 | 174,258 | 161,820 | 198,247 | 122,843 | 115,511 | 117,986 | 155,790 | 131,394 | 120,141 | 126,943 | 126,992 | 110,105 | 97,468 | 113,644 | 125,631 | 105,510 | 87,202 | 101,672 |
| Total current liabilities | US$ in thousands | 809,734 | 769,809 | 750,271 | 428,541 | 455,145 | 314,908 | 307,221 | 312,208 | 352,118 | 324,703 | 323,494 | 337,157 | 318,004 | 279,683 | 284,229 | 283,730 | 322,929 | 271,608 | 266,077 | 265,740 |
| Quick ratio | 0.45 | 0.37 | 0.37 | 0.67 | 0.69 | 1.37 | 1.00 | 0.82 | 0.80 | 0.83 | 0.76 | 0.74 | 1.19 | 1.20 | 1.14 | 1.01 | 0.88 | 1.80 | 1.69 | 0.81 |
November 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($94,807K
+ $—K
+ $272,332K)
÷ $809,734K
= 0.45
Peer comparison
Nov 30, 2025
Company name
Symbol
Quick ratio
Progress Software Corporation
PRGS
0.45
Calix Inc
CALX
3.48
F5 Networks Inc
FFIV
1.09
Nutanix Inc
NTNX
1.66
Palo Alto Networks Inc
PANW
0.82
Synopsys Inc
SNPS
1.20