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.
Peer comparison
Dec 31, 2023