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.