QuinStreet Inc (QNST)

Quick ratio

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Cash US$ in thousands 101,078 50,488 73,677 96,439 110,318
Short-term investments US$ in thousands — — — — —
Receivables US$ in thousands 135,804 111,849 67,748 81,429 87,928
Total current liabilities US$ in thousands 163,044 126,398 89,820 109,579 115,611
Quick ratio 1.45 1.28 1.57 1.62 1.71

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($101,078K + $—K + $135,804K) ÷ $163,044K
= 1.45

The quick ratio of QuinStreet Inc. over the specified period demonstrates a gradual decline, indicating changes in the company's short-term liquidity position. As of June 30, 2021, the quick ratio stood at 1.71, suggesting that the company had $1.71 in liquid assets available to cover each dollar of current liabilities, reflecting a comfortable liquidity cushion. By June 30, 2022, the ratio decreased slightly to 1.62, indicating a modest reduction in liquidity but still maintaining a sound position. The trend continued into June 30, 2023, with the ratio declining to 1.57, illustrating a continued but moderate deterioration in short-term liquidity.

The ratio experienced a more noticeable decline by June 30, 2024, reaching 1.28. This decrease signifies a further reduction in the company's ability to meet immediate obligations with its most liquid assets, possibly reflecting increased current liabilities or reduced liquid assets. Despite this decline, the ratio remains above 1.0, implying that the company generally retains sufficient liquid assets to cover its current liabilities, albeit with less of a margin than in previous years.

By June 30, 2025, the quick ratio slightly rebounded to 1.45, suggesting a modest improvement in liquidity or a change in the composition of liquid assets or current liabilities. Overall, the trend indicates a gradual erosion of short-term liquidity over the four-year span, but the ratio consistently remains above the critical threshold of 1.0, demonstrating that the company continues to have a satisfactory ability to meet its immediate obligations without relying on inventory sales or other less liquid assets.