Upbound Group Inc. (UPBD)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 93,705 | 105,726 | 86,801 | 171,698 | 144,141 | 165,627 | 112,175 | 95,684 | 108,333 | 158,830 | 145,072 | 123,019 | 159,449 | 227,398 | 206,426 | 182,919 | 70,494 | 73,682 | 353,139 | 237,744 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 613,804 | 431,976 | 411,337 | 438,330 | 445,168 | 448,141 | 438,787 | 454,575 | 369,899 | 510,805 | 540,737 | 561,198 | 388,116 | 482,223 | 451,835 | 336,032 | 343,050 | 406,839 | 410,071 | 445,564 |
| Quick ratio | 0.15 | 0.24 | 0.21 | 0.39 | 0.32 | 0.37 | 0.26 | 0.21 | 0.29 | 0.31 | 0.27 | 0.22 | 0.41 | 0.47 | 0.46 | 0.54 | 0.21 | 0.18 | 0.86 | 0.53 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($93,705K
+ $—K
+ $—K)
÷ $613,804K
= 0.15
The quick ratio of Upbound Group Inc. has fluctuated over the past several quarters, ranging from a low of 0.15 to a high of 0.86. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent quarter, the quick ratio was 0.39, indicating that Upbound Group Inc. had $0.39 in liquid assets available to cover each dollar of its current liabilities. This suggests a slight improvement in the company's short-term liquidity compared to some previous quarters when the quick ratio was lower.
It is important for investors and creditors to monitor the trend of the quick ratio over time to assess the company's ability to manage its short-term obligations effectively. The company should aim to maintain a healthy quick ratio above 1 to demonstrate a strong liquidity position.
Peer comparison
Dec 31, 2023