Liveramp Holdings Inc (RAMP)

Quick ratio

		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	Jun 30, 2019
Cash	US$ in thousands	336,867	498,946	492,169	470,773	464,448	453,516	485,602	508,254	600,162	552,959	535,590	541,024	572,787	663,401	650,691	649,895	717,811	767,200	777,443	1,005,480
Short-term investments	US$ in thousands	32,045	32,264	31,920	33,099	32,807	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,500	3,000	—	—	—	—	—	—
Receivables	US$ in thousands	198,834	200,526	174,703	173,083	186,276	200,506	187,682	183,545	178,697	219,506	195,027	184,655	179,976	163,567	141,940	136,248	131,101	104,838	103,826	89,814
Total current liabilities	US$ in thousands	216,576	208,752	186,697	172,377	174,829	175,777	150,198	143,045	184,566	184,036	136,249	130,183	165,249	157,332	141,167	125,884	161,382	149,075	123,423	121,110
Quick ratio		2.62	3.51	3.74	3.93	3.91	3.76	4.53	4.89	4.26	4.24	5.42	5.63	4.60	5.28	5.61	6.24	5.26	5.85	7.14	9.04

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($336,867K + $32,045K + $198,834K) ÷ $216,576K
= 2.62

The quick ratio of Liveramp Holdings Inc has shown a fluctuating trend over the past few quarters. The quick ratio is a measure of a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.

Based on the data provided, the quick ratio for Liveramp Holdings Inc has consistently been above 1, indicating a strong ability to meet short-term obligations. The ratio peaked at 9.04 in the fourth quarter of 2019, suggesting a very high level of liquidity at that time. However, the ratio has since fluctuated, with some quarters showing higher levels of liquidity than others.

Overall, the company's quick ratio has generally remained healthy and well above the acceptable threshold of 1, indicating a strong ability to cover short-term obligations with liquid assets. It is important for investors and stakeholders to continue monitoring the quick ratio to ensure that the company maintains its liquidity position in the future.