Tyler Technologies Inc (TYL)

Current 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
Total current assets US$ in thousands 1,440,780 1,238,560 1,042,330 824,421 860,585 841,991 856,880 745,663 847,242 860,150 957,287 859,899 964,331 878,256 928,928 1,700,350 1,113,070 990,599 873,942 712,220
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
Current ratio 1.35 1.21 1.06 0.94 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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,440,780K ÷ $1,065,610K
= 1.35

Tyler Technologies Inc's current ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

The current ratio started at a relatively stable level of around 1.60 in March 2020, gradually increasing to 3.24 by March 31, 2021, indicating a significant improvement in the company's short-term liquidity position. However, from June 2021 to December 2024, the current ratio fluctuated between 0.86 and 1.35, showing some volatility in Tyler Technologies Inc's ability to cover its current liabilities with its current assets.

Overall, the current ratio of around 1.00 to 1.21 from June 2023 to September 2024 suggests that the company may have faced some challenges in maintaining a consistent liquidity position during this period. It is essential for investors and stakeholders to monitor the company's current ratio closely to assess its short-term financial health and ability to cover its immediate obligations.