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
Peer comparison
Dec 31, 2024
Company name
Symbol
Quick ratio
Q2 Holdings
QTWO
1.24
Bentley Systems Inc
BSY
0.46
Guidewire Software Inc
GWRE
2.61