QuinStreet Inc (QNST)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 50,488 | 73,677 | 96,439 | 110,318 | 107,509 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 111,849 | 67,868 | 81,560 | 91,469 | 68,270 |
| Total current liabilities | US$ in thousands | 126,398 | 89,820 | 109,579 | 115,611 | 85,837 |
| Quick ratio | 1.28 | 1.58 | 1.62 | 1.75 | 2.05 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,488K
+ $—K
+ $111,849K)
÷ $126,398K
= 1.28
The quick ratio of QuinStreet Inc has been on a declining trend over the past five years. As of June 30, 2024, the quick ratio stands at 1.28, which indicates a slight decrease from the previous year. This ratio suggests that the company may have slightly less liquid assets readily available to cover its current liabilities compared to the prior years.
While the quick ratio of 1.28 still indicates that QuinStreet Inc has an adequate level of short-term liquidity to meet its immediate obligations, the decreasing trend over the years may raise some concerns about the company's ability to quickly cover its short-term liabilities. It is important for stakeholders to monitor this trend closely to ensure that the company maintains a healthy balance between its liquid assets and current liabilities.
Peer comparison
Jun 30, 2024