Tyler Technologies Inc (TYL)

Current 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
Total current assets	US$ in thousands	860,585	841,991	856,880	745,663	847,242	860,150	957,287	859,899	964,331	878,256	928,928	1,700,350	1,113,070	990,599	873,942	712,220	679,697	569,806	453,570	402,274
Total current liabilities	US$ in thousands	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	509,093	476,814	453,732	403,380
Current ratio		0.86	0.93	1.00	0.89	0.95	1.06	1.15	1.12	1.16	1.08	1.21	3.24	1.97	1.85	1.77	1.60	1.34	1.20	1.00	1.00

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $860,585K ÷ $1,001,140K
= 0.86

The current ratio of Tyler Technologies, Inc. has fluctuated over the past eight quarters, ranging from a low of 0.86 in Q4 2023 to a high of 1.15 in Q2 2022. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.

The downward trend from Q2 2022 to Q4 2023 suggests a potential strain on Tyler Technologies' liquidity and ability to cover its current liabilities. Investors and creditors may view a declining current ratio with concern, as it may indicate worsening financial health and increased risk.

It is important for Tyler Technologies to carefully monitor and manage its current assets and liabilities to ensure a healthy current ratio that provides a comfortable buffer to meet short-term financial obligations.