Qualys Inc (QLYS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 232,182 | 203,665 | 173,719 | 137,328 | 74,132 |
| Short-term investments | US$ in thousands | 149,241 | 221,893 | 147,608 | 267,960 | 281,892 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 428,390 | 389,208 | 352,188 | 304,280 | 255,730 |
| Quick ratio | 0.89 | 1.09 | 0.91 | 1.33 | 1.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($232,182K
+ $149,241K
+ $—K)
÷ $428,390K
= 0.89
The quick ratio of Qualys Inc shows fluctuations over the five-year period from December 31, 2020, to December 31, 2024. Starting at 1.39 in 2020, the quick ratio decreased to 1.33 in 2021 before experiencing a notable decline to 0.91 in 2022. However, there was a moderate improvement in 2023 with the quick ratio increasing to 1.09, although it dropped again to 0.89 in 2024.
These fluctuations in the quick ratio indicate changes in Qualys Inc's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 implies that the company has an adequate level of liquid assets to cover its current liabilities. Therefore, the downward trend in the quick ratio from 2020 to 2024, with a dip below 1 in some years, may suggest potential liquidity concerns or inefficiencies in managing short-term obligations during the period under review.
It is essential for Qualys Inc to closely monitor and manage its liquidity position to ensure that it maintains a healthy quick ratio above 1, indicating a strong ability to meet its short-term obligations promptly. Further analysis of the company's current assets and liabilities composition may be needed to understand the factors influencing the fluctuations in the quick ratio and to implement appropriate strategies to improve liquidity management.
Peer comparison
Dec 31, 2024