QuinStreet Inc (QNST)

Current ratio

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Total current assets US$ in thousands 245,526 228,384 219,269 206,456 169,087 146,766 128,079 132,679 151,204 177,297 155,730 169,081 182,792 193,573 185,010 202,815 206,178 194,071 181,379 184,842
Total current liabilities US$ in thousands 163,044 156,674 159,691 157,888 126,398 109,114 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
Current ratio 1.51 1.46 1.37 1.31 1.34 1.35 1.51 1.59 1.68 1.57 1.62 1.62 1.67 1.86 1.91 1.84 1.78 1.74 1.85 1.77

June 30, 2025 calculation

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

The current ratio of QuinStreet Inc. over the period from September 30, 2020, to June 30, 2025, exhibits a general declining trend, reflecting a gradual decrease in the company's short-term liquidity position. Initially, the ratio was relatively strong at 1.77 in September 2020 and increased slightly to a peak of 1.91 in December 2021. Throughout 2022, the ratio declined steadily, reaching 1.62 by September 2022, and remained at that level through December 2022 and into early 2023.

From March 2023 onward, the current ratio continued to decrease, falling to 1.35 by March 2024, indicating a further decline in liquidity. Subsequent quarterly periods saw a modest fluctuation around the 1.3 to 1.5 range, with the ratio reaching 1.46 in March 2025 and slightly increasing to 1.51 by June 2025.

This downward trend suggests that QuinStreet Inc. has experienced a consistent reduction in its ability to cover current liabilities with its current assets over the analyzed period. Despite this decline, the current ratio has remained above the generally considered threshold of 1.0, implying that the company has maintained a basic level of liquidity. However, the persistent decrease warrants attention, as it may indicate increasing liquidity pressures or evolving working capital management practices. The stability in the ratio during the latter part of the period suggests some degree of stabilization after prior declines.