Qualys Inc (QLYS)

Quick 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
Cash	US$ in thousands	203,665	208,724	186,145	193,854	173,719	193,902	120,965	166,287	137,328	145,740	97,278	108,753	74,132	93,027	113,909	147,565	87,559	75,615	91,381	93,127
Short-term investments	US$ in thousands	221,893	218,690	163,107	139,925	147,608	191,378	298,124	290,851	267,960	199,947	262,941	247,982	281,892	225,734	233,922	184,387	211,331	222,421	207,626	205,009
Receivables	US$ in thousands	146,226	103,428	124,912	101,786	121,795	98,717	97,692	89,294	108,998	84,267	86,044	85,222	100,179	64,291	75,938	72,696	78,034	61,314	63,184	67,863
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
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

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($203,665K + $221,893K + $146,226K) ÷ $389,208K
= 1.47

The quick ratio of Qualys Inc has shown some fluctuations over the past eight quarters, ranging from a low of 1.32 in Q1 2023 to a high of 1.80 in Q1 2022. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

The decreasing trend from Q1 to Q4 2023 may suggest that Qualys Inc's liquidity position has weakened slightly. However, the quick ratio has generally remained above 1.5, indicating a strong ability to cover short-term obligations.

Overall, Qualys Inc has maintained a healthy quick ratio throughout the periods analyzed, providing a favorable indication of the company's liquidity and ability to meet its short-term financial obligations.