Upbound Group Inc. (UPBD)
Quick 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 | US$ in thousands | 60,860 | 85,054 | 82,515 | 84,793 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 388,462 | 406,790 | 382,112 | 428,161 | 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 |
| Quick ratio | 0.16 | 0.21 | 0.22 | 0.20 | 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 |
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 fluctuations over the evaluated periods. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio ranged between 0.15 to 0.54 from December 31, 2023, to March 31, 2020, respectively. A declining trend is observed from the beginning to the first quarter of 2020, suggesting a potential liquidity strain. However, there was some improvement in the ratio in the subsequent quarters of 2020 and 2021, reaching 0.47 by September 30, 2020.
From March 31, 2021, to December 31, 2024, the quick ratio varied between 0.15 and 0.37. Notably, the quick ratio declined significantly to 0.15 by December 31, 2023, indicating a potential liquidity issue around that time.
It is worth noting that a quick ratio below 1 may indicate a limited ability to cover short-term obligations with current liquid assets alone. Further analysis of the company's cash position and management of current liabilities could provide additional insights into Upbound Group Inc.'s liquidity challenges and potential strategies for improvement.
Peer comparison
Dec 31, 2024