Tyler Technologies Inc (TYL)

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	744,721	538,296	250,722	188,237	165,493	131,486	118,764	130,845	173,857	185,927	253,062	243,262	309,171	234,128	216,773	1,250,750	603,623	518,685	351,336	301,985
Short-term investments	US$ in thousands	23,257	5,985	7,288	8,707	10,385	11,623	19,100	28,810	37,030	39,360	34,466	44,973	52,300	49,355	51,223	59,030	72,187	55,595	52,352	38,250
Total current liabilities	US$ in thousands	1,065,610	1,021,640	987,332	872,925	1,001,140	909,034	854,217	835,028	889,695	812,248	833,859	766,460	829,501	816,225	765,779	525,356	564,277	535,045	494,262	445,055
Cash ratio		0.72	0.53	0.26	0.23	0.18	0.16	0.16	0.19	0.24	0.28	0.34	0.38	0.44	0.35	0.35	2.49	1.20	1.07	0.82	0.76

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($744,721K + $23,257K) ÷ $1,065,610K
= 0.72

The Cash ratio of Tyler Technologies Inc has shown fluctuations over the period under review. Starting at a low of 0.76 on March 31, 2020, the ratio improved steadily over the following quarters, reaching a peak of 2.49 on March 31, 2021. However, the ratio decreased substantially in subsequent quarters, hitting a low of 0.16 by June 30, 2023.

Throughout the latter half of 2023 and into 2024, the Cash ratio showed some recovery but remained relatively low compared to the peak in early 2021. As of December 31, 2024, the Cash ratio stood at 0.72, indicating that Tyler Technologies Inc had $0.72 of cash and cash equivalents for every $1 of current liabilities.

Overall, the trend in the Cash ratio suggests that Tyler Technologies Inc may have had periods of tight liquidity, where its ability to cover short-term obligations with cash and cash equivalents was limited. Investors and stakeholders may want to monitor the company's cash and liquidity management closely to ensure its ability to meet financial commitments in the future.