Qualys Inc (QLYS)

Current 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
Total current assets US$ in thousands 599,998 562,178 508,181 464,748 473,338 522,733 551,740 573,184 546,398 452,853 468,242 464,056 475,345 405,532 448,107 425,138 395,616 379,809 381,586 382,537
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
Current ratio 1.54 1.52 1.38 1.32 1.34 1.56 1.69 1.80 1.80 1.59 1.72 1.79 1.86 1.70 1.91 1.82 1.77 1.78 1.83 1.84

December 31, 2023 calculation

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

Qualys Inc's current ratio has exhibited some fluctuations over the past eight quarters. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, stood at 1.54 in Q4 2023, showing an improvement from the previous quarter. This indicates that Qualys Inc had $1.54 in current assets for every $1 in current liabilities at the end of Q4 2023.

Looking back further, the current ratio has generally been above 1.30, signaling that the company has had a healthy liquidity position. The ratio peaked at 1.80 in Q1 2022 and has since trended downwards, reaching a low of 1.32 in Q1 2023. The recent uptick in Q4 2023 suggests an improvement in Qualys Inc's ability to meet its short-term obligations.

Overall, while the current ratio has experienced some variability, Qualys Inc has generally maintained a solid liquidity position over the analyzed period, with current assets consistently exceeding current liabilities. It is important to assess this ratio in conjunction with other metrics and further analyze the components of current assets and liabilities to gain a more comprehensive understanding of the company's financial health.


Peer comparison

Dec 31, 2023