Qualys Inc (QLYS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 585,691 | 599,998 | 473,338 | 546,398 | 475,345 |
| Total current liabilities | US$ in thousands | 428,390 | 389,208 | 352,188 | 304,280 | 255,730 |
| Current ratio | 1.37 | 1.54 | 1.34 | 1.80 | 1.86 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $585,691K ÷ $428,390K
= 1.37
The current ratio of Qualys Inc has experienced fluctuations over the past five years, declining gradually from 1.86 in December 31, 2020 to 1.37 in December 31, 2024. This indicates that the company's current assets may be becoming less sufficient to cover its current liabilities. Although the current ratio remains above 1, indicating that the company still has more current assets than liabilities, the downward trend raises some concerns about its liquidity position. Management should monitor this trend closely to ensure that the company maintains a healthy balance between its current assets and liabilities to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024