SolarWinds Corp (SWI)

Cash ratio

		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	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	251,850	193,017	158,845	304,431	284,695	232,231	177,194	129,180	121,738	441,661	722,440	751,218	732,116	708,890	410,635	374,352	270,708	424,986	331,414	236,955
Short-term investments	US$ in thousands	7,473	6,176	10,705	8,382	4,477	2,979	995	11,553	27,114	50,878	55,768	—	—	—	—	—	99,790	—	—	—
Total current liabilities	US$ in thousands	475,262	457,226	454,835	625,760	468,808	435,518	436,479	430,339	456,633	433,361	411,991	410,691	413,877	406,568	446,873	469,159	491,204	445,397	432,800	425,324
Cash ratio		0.55	0.44	0.37	0.50	0.62	0.54	0.41	0.33	0.33	1.14	1.89	1.83	1.77	1.74	0.92	0.80	0.75	0.95	0.77	0.56

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($251,850K + $7,473K) ÷ $475,262K
= 0.55

The cash ratio of SolarWinds Corp has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The cash ratio represents the company's ability to cover its current liabilities with its cash and cash equivalents.

The company's cash ratio increased steadily from 0.56 on March 31, 2020, to a peak of 1.89 on June 30, 2022, indicating a strengthening liquidity position. However, it then experienced a decline, reaching a low of 0.33 on March 31, 2023, before rebounding to 0.62 on December 31, 2023.

Overall, the trend in the cash ratio suggests that SolarWinds Corp has maintained a relatively healthy level of liquidity, with some fluctuations noted over the period. It is important for the company to monitor its cash position to ensure it can meet its short-term obligations efficiently.