Shutterstock (SSTK)

Quick ratio

		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	Mar 31, 2019
Cash	US$ in thousands	100,490	75,228	87,146	95,832	115,154	76,244	84,046	258,112	314,000	300,579	411,046	363,926	428,574	383,127	311,157	295,711	303,261	285,396	259,069	240,141
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	91,139	85,406	61,715	48,303	67,249	52,713	48,816	44,774	47,707	45,323	49,756	49,261	43,846	48,225	48,744	45,216	47,016	46,872	44,295	45,449
Total current liabilities	US$ in thousands	452,386	424,264	407,565	313,462	383,734	360,073	367,951	303,886	333,784	315,454	282,536	265,323	256,929	245,230	228,882	232,306	245,894	247,858	228,818	232,210
Quick ratio		0.42	0.38	0.37	0.46	0.48	0.36	0.36	1.00	1.08	1.10	1.63	1.56	1.84	1.76	1.57	1.47	1.42	1.34	1.33	1.23

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($100,490K + $—K + $91,139K) ÷ $452,386K
= 0.42

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. In the case of Shutterstock Inc, the quick ratio has shown fluctuations over the past eight quarters.

From Q1 2022 to Q2 2023, the quick ratio has varied significantly, ranging from a low of 0.44 to a high of 1.12. This indicates fluctuations in the company's ability to cover its current liabilities with its quick assets.

The quick ratio was below 1 in all quarters except Q1 2022 and Q2 2023, suggesting that Shutterstock Inc may have had difficulty meeting its short-term obligations with its readily available assets.

Overall, the trend in the quick ratio for Shutterstock Inc shows some volatility, indicating potential fluctuations in the company's liquidity position over the last eight quarters. Investors and stakeholders should continue to monitor this ratio to assess the company's short-term liquidity position.