Verra Mobility Corp (VRRM)

Cash 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 and cash equivalents	US$ in thousands	136,309	114,379	210,083	64,267	105,204	51,576	86,392	93,377	101,283	128,247	147,346	249,605	120,259	129,158	113,239	113,583	131,513	135,564	92,247	91,484
Short-term investments	US$ in thousands	—	—	1,604	1,665	2,057	1,811	—	—	—	—	—	—	—	—	—	—	3,642	1,699	1,331	873
Total current liabilities	US$ in thousands	214,773	197,567	180,809	168,637	186,809	161,087	165,505	154,145	175,191	116,930	106,743	70,430	64,040	72,014	65,020	72,003	104,881	90,318	78,717	91,791
Cash ratio		0.63	0.58	1.17	0.39	0.57	0.33	0.52	0.61	0.58	1.10	1.38	3.54	1.88	1.79	1.74	1.58	1.29	1.52	1.19	1.01

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($136,309K + $—K) ÷ $214,773K
= 0.63

The cash ratio of Verra Mobility Corp has varied over the past eight quarters, ranging from a low of 0.54 in Q3 2022 to a high of 1.67 in Q2 2023. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.

Verra Mobility Corp's cash ratio has shown some fluctuations, with values below 1 indicating that the company may not have enough cash on hand to cover its short-term liabilities in certain quarters. It's important to monitor the trend of the cash ratio over time to assess the company's liquidity position and financial health accurately.