QuinStreet Inc (QNST)

Current ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Total current assets	US$ in thousands	245,526	169,087	151,204	182,792	206,178
Total current liabilities	US$ in thousands	163,044	126,398	89,820	109,579	115,611
Current ratio		1.51	1.34	1.68	1.67	1.78

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $245,526K ÷ $163,044K
= 1.51

The current ratio of QuinStreet Inc. has experienced fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. At the end of June 2021, the current ratio stood at 1.78, indicating a relatively strong short-term liquidity position, with current assets significantly exceeding current liabilities. By June 30, 2022, the ratio decreased to 1.67, reflecting a marginal decline in liquidity but still maintaining a comfortable margin above 1.0, which suggests that the company was able to meet its short-term obligations without difficulty.

The ratio remained relatively stable into June 30, 2023, at 1.68, indicating little change in liquidity over this year. However, by June 30, 2024, the current ratio declined notably to 1.34, signaling a reduction in liquidity cushion. This decrease could imply increased current liabilities, reduced current assets, or both, potentially raising concerns about the company's ability to cover short-term obligations without accessing additional resources.

In the most recent period ending June 30, 2025, the current ratio improved somewhat to 1.51. Although this indicates a slight strengthening of liquidity compared to the prior year, it still remains lower than levels observed in the earlier years, suggesting a cautious stance in the company's short-term liquidity position.

Overall, the trend reflects a gradual decline in QuinStreet Inc.'s current ratio over the four-year period, moving from a comfortably high level above 1.7 to a more moderate level of approximately 1.3 to 1.5. While the ratio remains above 1.0, indicating that current assets continue to cover current liabilities, the downward trend warrants attention, as it may signal increasing pressure on short-term liquidity.