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
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.