Upbound Group Inc. (UPBD)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 60,860 | 93,705 | 144,141 | 108,333 | 159,449 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 388,462 | 607,430 | 445,168 | 369,899 | 388,116 |
| Quick ratio | 0.16 | 0.15 | 0.32 | 0.29 | 0.41 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($60,860K
+ $—K
+ $—K)
÷ $388,462K
= 0.16
The quick ratio of Upbound Group Inc. has shown a downward trend over the years, starting at 0.41 on December 31, 2020, and decreasing to 0.16 by December 31, 2024. This indicates a decrease in the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests potential liquidity issues, as the company may face difficulty in covering its current liabilities without relying on the sale of inventory. Further analysis of Upbound Group Inc.'s cash management and working capital practices may be advisable to address this declining trend and improve the company's short-term financial health.
Peer comparison
Dec 31, 2024