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