ScanSource Inc (SCSC)
Quick ratio
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 126,157 | 146,287 | 110,520 | 145,044 | 185,460 | 159,050 | 44,987 | 42,647 | 36,178 | 37,374 | 66,445 | 40,472 | 37,987 | 43,539 | 34,123 | 55,491 | 62,718 | 49,321 | 67,187 | 49,889 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 4,687 | — | — | — | 1,686 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 635,521 | 562,820 | 549,112 | 567,127 | 682,545 | 589,847 | 662,799 | 691,669 | 833,291 | 684,458 | 779,562 | 744,946 | 729,442 | 642,384 | 613,186 | 589,532 | 568,984 | 509,404 | 534,583 | 509,779 |
| Total current liabilities | US$ in thousands | 682,964 | 631,850 | 609,623 | 666,006 | 669,352 | 643,046 | 610,612 | 701,049 | 786,801 | 744,151 | 836,736 | 794,055 | 814,264 | 800,973 | 746,766 | 692,415 | 732,939 | 622,697 | 689,586 | 838,165 |
| Quick ratio | 1.12 | 1.12 | 1.08 | 1.07 | 1.30 | 1.16 | 1.16 | 1.05 | 1.11 | 0.97 | 1.01 | 0.99 | 0.94 | 0.86 | 0.87 | 0.93 | 0.86 | 0.90 | 0.87 | 0.67 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($126,157K
+ $—K
+ $635,521K)
÷ $682,964K
= 1.12
The analysis of ScanSource Inc.'s quick ratio over the period from September 2020 to June 2025 indicates a generally improving liquidity position. Initially, the quick ratio was notably below 1. at 0.67 as of September 30, 2020, suggesting limited immediate liquidity and potential reliance on less liquid assets to meet short-term obligations. Throughout 2021, the ratio demonstrates a steady increase, reaching approximately 0.93 by September 30, 2021, reflecting improved liquidity management and a greater proportion of liquid assets relative to current liabilities.
In 2022, the trend continues with the ratio surpassing the 1.0 threshold, reaching 1.01 by December 31, indicating that the company maintained sufficient liquid assets to cover its short-term liabilities without depending on inventory or other less liquid assets. The ratio remains relatively stable around 1.0 during the first three quarters of 2023, with slight fluctuations, supporting a consistent liquidity position.
From the latter half of 2023 into 2024, the quick ratio ascends further, peaking at 1.30 as of June 30, 2024. This upward trend signifies an increasingly strong liquidity buffer, implying that the company has ample liquid assets to satisfy short-term liabilities comfortably. The ratio then slightly declines to 1.07 by September 30, 2024, and remains around 1.08 at the end of 2024, indicating sustained liquidity strength.
In the most recent period, through March and June 2025, the ratio maintains at approximately 1.12, demonstrating consistency in liquidity levels. Overall, the progressive increase in the quick ratio from below 1.0 to over 1.1 reflects a notable enhancement in the company's liquidity position, suggesting prudent liquidity management and an improved ability to meet short-term obligations without relying heavily on inventory or other less liquid assets.
Peer comparison
Jun 30, 2025