QuinStreet Inc (QNST)

Current 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
Total current assets	US$ in thousands	169,087	146,766	128,079	132,679	151,204	177,297	155,730	169,081	182,792	193,573	185,010	202,815	206,176	194,071	181,379	184,842	185,572	179,260	150,970	151,300
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
Current ratio		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	2.16	1.97	1.83	1.73

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $169,087K ÷ $126,398K
= 1.34

The current ratio of QuinStreet Inc has fluctuated over the past few quarters, ranging from 1.34 to 2.16. The current ratio is a liquidity ratio that reflects the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a good liquidity position.

QuinStreet's current ratio was relatively stable in the range of 1.6 to 1.9 from Dec 31, 2021, to Mar 31, 2022, before increasing significantly to 2.16 on Sep 30, 2022. This surge might indicate a temporary increase in current assets or a decrease in current liabilities during that period.

However, the current ratio decreased consistently from 2.16 on Sep 30, 2022, to 1.34 on Jun 30, 2024. This downward trend may raise concerns about the company's ability to meet its short-term obligations with its current assets. It is important for investors and stakeholders to closely monitor QuinStreet's current ratio in future periods to assess its liquidity position and financial health.