Q2 Holdings (QTWO)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 358,560 229,655 199,600 322,848 407,703
Short-term investments US$ in thousands 88,066 94,353 233,753 104,878 131,352
Total current liabilities US$ in thousands 398,900 191,563 192,042 168,358 145,826
Cash ratio 1.12 1.69 2.26 2.54 3.70

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($358,560K + $88,066K) ÷ $398,900K
= 1.12