Q2 Holdings (QTWO)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash 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
Receivables US$ in thousands 49,972 52,092 55,644 48,824 37,518
Total current liabilities US$ in thousands 398,900 191,563 192,042 168,358 145,826
Quick ratio 1.24 1.96 2.55 2.83 3.95

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($358,560K + $88,066K + $49,972K) ÷ $398,900K
= 1.24