Verra Mobility Corp (VRRM)
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 | 77,560 | 206,088 | 125,398 | 153,228 | 139,722 | 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 |
| Short-term investments | US$ in thousands | — | — | 2,365 | 2,405 | 2,322 | 1,778 | 1,604 | 1,665 | 2,057 | 1,811 | 6,380 | 6,878 | — | 6,268 | 3,256 | 3,168 | 3,474 | 3,627 | 3,345 | 3,510 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 199,741 | 202,493 | 175,299 | 159,445 | 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 |
| Quick ratio | 0.39 | 1.02 | 0.73 | 0.98 | 0.66 | 0.59 | 1.17 | 0.39 | 0.57 | 0.33 | 0.56 | 0.65 | 0.58 | 1.15 | 1.41 | 3.59 | 1.93 | 1.84 | 1.79 | 1.63 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($77,560K
+ $—K
+ $—K)
÷ $199,741K
= 0.39
The quick ratio of Verra Mobility Corp has shown fluctuations over the periods provided. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
From March 31, 2020, to March 31, 2021, the quick ratio increased significantly from 1.63 to 3.59, showing a strong ability to cover short-term liabilities. However, there was a notable decrease by June 30, 2021, where the quick ratio fell to 1.41. This decrease continued, with the ratio dropping to 0.33 by September 30, 2022, indicating potential liquidity concerns.
There was a slight improvement by June 30, 2023, with the quick ratio rising to 1.17, but it remained below the ideal 1. By December 31, 2024, the quick ratio stood at 0.39, showing a decline in liquidity once again.
Overall, the quick ratio of Verra Mobility Corp has exhibited some variability, with periods of strength followed by decreases. It is essential for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024