QuinStreet Inc (QNST)

Cash ratio

		Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	50,488	39,602	45,520	56,305	73,677	62,962	79,104	88,382	96,439	109,463	115,035	105,928	110,318	103,202	102,647	102,244	107,509	97,139	76,124	70,517
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	126,398	109,114	85,035	83,257	89,820	112,793	96,174	104,377	109,579	104,270	96,656	110,456	115,611	111,712	97,785	104,598	85,837	90,896	82,712	87,573
Cash ratio		0.40	0.36	0.54	0.68	0.82	0.56	0.82	0.85	0.88	1.05	1.19	0.96	0.95	0.92	1.05	0.98	1.25	1.07	0.92	0.81

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 displayed fluctuations over the past few quarters. The cash ratio, which indicates the company's ability to cover its current liabilities with its cash and cash equivalents, was relatively low at 0.40 as of June 30, 2024, and has ranged from 0.36 to 1.19 over the last five quarters.

A cash ratio of less than 1 suggests that the company may have difficulty meeting its short-term obligations solely with its cash on hand. QuinStreet Inc's cash ratio has been below 1 for the majority of the periods shown in the table, indicating a potential liquidity risk.

The company's cash ratio peaked at 1.25 as of March 31, 2020, indicating a stronger ability to cover short-term obligations with its cash reserves. However, it has since decreased and fluctuated around lower levels, possibly indicating changes in the company's cash position and liquidity management.

Overall, the trend in QuinStreet Inc's cash ratio suggests varying levels of liquidity over the quarters, which could be influenced by factors such as operating cash flows, investments, and debt obligations. Monitoring and managing liquidity effectively will be crucial for the company to meet its short-term financial commitments and sustain its operations.