Qualys Inc (QLYS)

Cash 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 and cash equivalents	US$ in thousands	232,182	235,430	281,205	273,783	205,165	208,724	186,145	193,854	173,719	193,902	120,965	166,287	137,328	145,740	97,278	108,753	74,132	93,027	113,909	147,565
Short-term investments	US$ in thousands	149,241	150,913	112,004	179,887	221,893	218,690	163,107	139,925	147,608	191,378	298,124	290,851	267,960	199,947	262,941	247,982	281,892	225,734	233,922	184,387
Total current liabilities	US$ in thousands	428,390	388,536	371,829	391,065	389,208	370,491	369,120	352,958	352,188	334,030	327,389	318,538	304,280	284,692	272,708	259,744	255,730	239,055	235,098	234,235
Cash ratio		0.89	0.99	1.06	1.16	1.10	1.15	0.95	0.95	0.91	1.15	1.28	1.44	1.33	1.21	1.32	1.37	1.39	1.33	1.48	1.42

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($232,182K + $149,241K) ÷ $428,390K
= 0.89

Qualys Inc's cash ratio has shown fluctuations over the past several years, ranging from a high of 1.48 in June 2020 to a low of 0.89 in December 2024. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations, while a lower ratio may suggest potential liquidity challenges.

The company's cash ratio has generally been above 1, indicating that Qualys Inc has had sufficient cash on hand to cover its short-term liabilities. However, there has been a gradual decline in the cash ratio from 1.48 in June 2020 to 0.89 in December 2024, which may raise concerns about the company's liquidity position.

It is important for investors and stakeholders to monitor Qualys Inc's cash ratio closely to assess its liquidity risk and financial health. A declining trend in the cash ratio may necessitate further analysis to understand the factors contributing to the decrease and to evaluate the company's ability to meet its short-term obligations.