Qualys Inc (QLYS)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 1.47 | 1.43 | 1.28 | 1.23 | 1.26 | 1.45 | 1.58 | 1.72 | 1.69 | 1.51 | 1.64 | 1.70 | 1.78 | 1.60 | 1.80 | 1.73 | 1.69 | 1.68 | 1.74 | 1.76 |
| Cash ratio | 1.09 | 1.15 | 0.95 | 0.95 | 0.91 | 1.15 | 1.28 | 1.44 | 1.33 | 1.21 | 1.32 | 1.37 | 1.39 | 1.33 | 1.48 | 1.42 | 1.34 | 1.39 | 1.43 | 1.43 |
Based on the provided data for Qualys Inc's liquidity ratios, we can see a fluctuation in the current ratio, quick ratio, and cash ratio over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets, and Qualys Inc's current ratio has ranged from 1.32 to 1.80 during this period, with the latest reported ratio at 1.54 in Q4 2023.
The quick ratio, which provides a more conservative measure of liquidity by excluding inventory from current assets, also shows a similar trend to the current ratio for Qualys Inc, ranging from 1.32 to 1.80. The Q4 2023 quick ratio is reported at 1.54, indicating the company's ability to meet its short-term obligations using its most liquid assets.
The cash ratio, a more stringent measure of liquidity that considers only cash and cash equivalents to current liabilities, demonstrates Qualys Inc's ability to cover its short-term liabilities with readily available cash. The cash ratio has fluctuated between 1.00 and 1.52 over the past eight quarters, with the latest reported ratio at 1.16 in Q4 2023.
Overall, Qualys Inc's liquidity ratios show a relatively stable liquidity position over the analyzed period. The company appears to have a healthy level of liquidity to meet its short-term obligations, as indicated by the current, quick, and cash ratios consistently above 1.00. However, monitoring these ratios closely is crucial to ensure ongoing liquidity management and financial stability.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 92.91 | 70.95 | 79.62 | 67.27 | 80.80 | 72.05 | 71.42 | 66.33 | 91.47 | 73.02 | 74.86 | 78.14 | 97.37 | 55.71 | 73.84 | 76.40 | 84.11 | 67.18 | 71.77 | 82.57 |
The cash conversion cycle of Qualys Inc has shown some fluctuations over the past eight quarters. It reached its peak in Q4 2023 at 92.91 days, indicating that on average, it took the company almost three months to convert its investments in inventory and other resources into cash. This suggests a longer period of time for Qualys to recover its cash flows from its operational activities.
In Q3 2023, there was a notable decrease in the cash conversion cycle to 65.88 days, showing an improvement in efficiency in managing working capital. However, this improvement was not sustained as the cycle increased in Q2 2023 to 79.62 days before decreasing again in Q1 2023 to 67.27 days.
Comparing the Q4 results across years, there has been a general trend of improvement in the cash conversion cycle compared to the previous year. For example, Q4 2023 showed an improvement from Q4 2022 which had a cycle of 80.80 days, indicating progress in the company's working capital management.
Overall, Qualys Inc's cash conversion cycle has shown some volatility but with a tendency towards improvement in the recent quarters. Maintaining a lower cash conversion cycle can enhance liquidity and efficiency, allowing the company to better manage its cash flows and operations.