QuinStreet Inc (QNST)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 50,488 | 39,602 | 45,520 | 56,305 | 73,677 | 62,962 | 79,104 | 88,382 | 96,439 | 109,463 | 115,035 | 105,928 | 110,318 | 103,202 | 102,647 | 102,244 | 107,509 | 97,139 | 76,124 | 70,517 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 111,849 | 99,639 | 74,727 | 67,684 | 67,868 | 105,606 | 71,412 | 75,487 | 81,560 | 77,777 | 64,175 | 88,421 | 91,469 | 82,331 | 71,277 | 69,131 | 68,270 | 73,367 | 69,612 | 74,615 |
| 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 |
| Quick ratio | 1.28 | 1.28 | 1.41 | 1.49 | 1.58 | 1.49 | 1.57 | 1.57 | 1.62 | 1.80 | 1.85 | 1.76 | 1.75 | 1.66 | 1.78 | 1.64 | 2.05 | 1.88 | 1.76 | 1.66 |
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 exhibited fluctuations over the past few quarters. The quick ratio measures the company's ability to cover its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Looking at the trend, the quick ratio has generally been above 1, indicating QuinStreet Inc has a good ability to meet its short-term liabilities. The ratio has ranged from 1.28 to 1.85 over the past few quarters, with the highest ratio being 2.05 in the third quarter of 2020.
The quick ratio peaked in the first quarter of 2022 at 1.85 and has since shown a slight decreasing trend, reaching 1.28 in both the most recent quarter and the preceding quarter. This decrease may suggest that the company's liquidity position has weakened slightly in recent quarters.
Overall, while the company's quick ratio has fluctuated, it remains above 1 in most periods, indicating a healthy liquidity position. QuinStreet Inc should continue to monitor its liquidity closely to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Jun 30, 2024