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.