Liveramp Holdings Inc (RAMP)

Quick ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Cash	US$ in thousands	413,331	376,772	338,946	313,014	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
Short-term investments	US$ in thousands	7,500	7,500	9,494	32,333	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	186,169	217,195	192,067	208,234	198,834	200,526	174,703	173,083	186,276	200,506	187,682	183,545	178,697	219,506	195,027	184,655	189,031	163,567	141,940	136,248
Total current liabilities	US$ in thousands	247,518	231,624	199,468	189,638	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
Quick ratio		2.45	2.60	2.71	2.92	2.62	3.51	3.74	3.93	3.91	3.76	4.53	4.89	4.26	4.24	5.42	5.63	4.66	5.28	5.61	6.24

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($413,331K + $7,500K + $186,169K) ÷ $247,518K
= 2.45

The quick ratio of Liveramp Holdings Inc has shown fluctuations over the reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has more liquid assets than current liabilities.

From June 30, 2020, to March 31, 2024, the quick ratio declined steadily from 6.24 to 2.62, indicating a decrease in liquidity and potentially raising concerns about the company's ability to cover its short-term liabilities. However, it rebounded slightly to 2.92 by June 30, 2024.

The quick ratio further improved to 3.74 by September 30, 2023, but dropped again to 2.62 by March 31, 2024, showing inconsistency in the company's liquidity position.

Overall, Liveramp Holdings Inc should continue to monitor its quick ratio closely to ensure it maintains a healthy level of liquidity to meet its short-term obligations effectively.