QuinStreet Inc (QNST)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 50,488 | 73,677 | 96,439 | 110,318 | 107,509 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 126,398 | 89,820 | 109,579 | 115,611 | 85,837 |
| Cash ratio | 0.40 | 0.82 | 0.88 | 0.95 | 1.25 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($50,488K
+ $—K)
÷ $126,398K
= 0.40
The cash ratio of QuinStreet Inc has been declining over the past five years, indicating a decrease in the company's ability to cover its short-term liabilities solely with its available cash and cash equivalents. As of June 30, 2024, the cash ratio stands at 0.40, which means that the company only has $0.40 in cash for every $1 of current liabilities. This downward trend may suggest potential liquidity challenges or a shift in the company's cash management strategies. Further analysis is recommended to understand the underlying reasons for this trend and its potential impact on the company's financial health and stability.
Peer comparison
Jun 30, 2024