Qualys Inc (QLYS)

Current ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Total current assets US$ in thousands 585,691 536,617 527,758 605,411 599,998 562,178 508,181 464,748 473,338 522,733 551,740 573,184 546,398 452,853 468,242 464,056 475,345 405,532 448,107 425,138
Total current liabilities US$ in thousands 428,390 388,536 371,829 391,065 389,208 370,491 369,120 352,958 352,188 334,030 327,389 318,538 304,280 284,692 272,708 259,744 255,730 239,055 235,098 234,235
Current ratio 1.37 1.38 1.42 1.55 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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $585,691K ÷ $428,390K
= 1.37

Qualys Inc's current ratio has exhibited fluctuations over the past few years, ranging from a high of 1.91 in June 2020 to a low of 1.32 in March 2023, but generally staying above the benchmark of 1.0, indicating the company's ability to meet its short-term obligations using its current assets. As of December 31, 2024, the current ratio stands at 1.37, suggesting that the company has $1.37 in current assets for every $1 in current liabilities. While the current ratio has declined slightly over the years, it remains at a reasonable level, reflecting Qualys Inc's overall liquidity and ability to cover its short-term debts.