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