Qualys Inc (QLYS)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	203,665	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	87,559	75,615	91,381	93,127
Short-term investments	US$ in thousands	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	211,331	222,421	207,626	205,009
Total current liabilities	US$ in thousands	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	223,467	213,745	208,713	208,188
Cash ratio		1.09	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	1.34	1.39	1.43	1.43

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($203,665K + $221,893K) ÷ $389,208K
= 1.09

The cash ratio of Qualys Inc has exhibited some fluctuations over the past eight quarters. In Q4 2023, the cash ratio was 1.16, indicating that the company had $1.16 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased from the previous quarter, where it was 1.23.

Looking back over the past year, the cash ratio has generally been above 1, suggesting that Qualys Inc has had a sufficient amount of cash to cover its short-term obligations. However, there was a slight dip in Q1 2022 when the ratio was exactly 1, but this quickly improved in subsequent quarters.

Overall, the trend in the cash ratio indicates that Qualys Inc has been managing its liquidity well and has maintained a healthy level of cash reserves relative to its short-term liabilities. However, it is important for the company to continue monitoring and managing its cash position to ensure it can meet its financial obligations in a timely manner.