Take-Two Interactive Software Inc (TTWO)
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 | ||
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Cash | US$ in thousands | 1,471,000 | 1,221,700 | 1,233,600 | 1,387,200 | 754,000 | 898,700 | 756,800 | 775,800 | 827,400 | 860,900 | 956,400 | 847,400 | 1,732,100 | 986,741 | 856,901 | 1,400,880 | 1,422,880 | 1,649,830 | 1,345,100 | 1,404,120 |
Short-term investments | US$ in thousands | 9,400 | 3,300 | 3,500 | 15,400 | 22,000 | 23,500 | 45,100 | 109,200 | 187,000 | 268,600 | 348,000 | 459,200 | 820,100 | 1,479,010 | 1,440,630 | 1,135,190 | 1,308,690 | 772,683 | 1,040,790 | 880,825 |
Receivables | US$ in thousands | 851,900 | 739,400 | 938,300 | 674,900 | 764,700 | 755,000 | 897,000 | 702,100 | 843,100 | 795,500 | 919,000 | 976,400 | 684,300 | 752,796 | 912,333 | 590,943 | 658,316 | 686,596 | 885,871 | 777,902 |
Total current liabilities | US$ in thousands | 3,615,800 | 2,895,100 | 3,200,500 | 2,846,300 | 2,406,400 | 2,692,400 | 3,000,100 | 2,738,000 | 3,851,600 | 3,009,800 | 3,467,000 | 3,286,700 | 2,104,960 | 2,072,340 | 2,566,870 | 2,165,330 | 2,234,720 | 2,341,790 | 2,325,840 | 2,148,740 |
Quick ratio | 0.65 | 0.68 | 0.68 | 0.73 | 0.64 | 0.62 | 0.57 | 0.58 | 0.48 | 0.64 | 0.64 | 0.69 | 1.54 | 1.55 | 1.25 | 1.44 | 1.52 | 1.33 | 1.41 | 1.43 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,471,000K
+ $9,400K
+ $851,900K)
÷ $3,615,800K
= 0.65
The quick ratio of Take-Two Interactive Software Inc has shown some fluctuations over the period from June 30, 2020, to March 31, 2025. The quick ratio measures the company's ability to cover its current liabilities with its most liquid assets, excluding inventory.
From June 30, 2020, to March 31, 2022, the quick ratio remained above 1, indicating that the company had sufficient liquid assets to cover its short-term obligations. However, there was a noticeable decline in the quick ratio from June 30, 2022, to March 31, 2025. This downward trend suggests a potential liquidity concern as the quick ratio dropped below 1, indicating that the company may have difficulty meeting its short-term financial obligations without relying on inventory.
Overall, a declining trend in the quick ratio could signal potential liquidity challenges for Take-Two Interactive Software Inc if not managed effectively. It would be important to closely monitor the company's ability to convert its liquid assets into cash to meet its short-term liabilities and maintain financial stability.
Peer comparison
Mar 31, 2025