Qualys Inc (QLYS)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	599,998	473,338	546,398	475,345	395,616
Total current liabilities	US$ in thousands	389,208	352,188	304,280	255,730	223,467
Current ratio		1.54	1.34	1.80	1.86	1.77

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $599,998K ÷ $389,208K
= 1.54

Qualys Inc's current ratio has shown fluctuations over the past five years. The current ratio for the most recent fiscal year ending December 31, 2023, stands at 1.54, indicating a slight improvement compared to the previous year. However, when looking at the trend over the five-year period, the current ratio has experienced ups and downs, with a peak of 1.86 in 2020 and a low of 1.34 in 2022.

A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally considered favorable as it indicates the company's ability to meet its short-term obligations. While the current ratio has been fluctuating, it is important to further analyze the components of current assets and current liabilities to understand the underlying reasons for these changes.

Overall, maintaining a current ratio above 1 is essential for Qualys Inc to ensure liquidity and financial stability in the short term. Further monitoring and analysis of the current ratio and its components will provide insights into the company's financial health and ability to manage its short-term obligations.