VeriSign Inc (VRSN)

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	240,100	157,700	343,900	819,800	373,600	560,600	606,300	758,500	223,500	256,869	216,497	246,811	401,194	145,701	306,701	498,693	508,196	109,288	751,580	779,625
Short-term investments	US$ in thousands	691,700	791,100	597,000	200,500	612,200	424,900	395,900	456,500	987,600	947,182	915,423	943,772	775,120	1,014,070	897,281	649,348	719,268	1,130,110	482,736	482,720
Receivables	US$ in thousands	6,300	4,600	6,900	—	6,200	12,900	10,600	6,700	5,284	9,153	9,785	6,315	4,642	6,356	5,338	5,047	16,245	8,131	9,913	10,692
Total current liabilities	US$ in thousands	1,188,500	1,173,600	1,141,700	1,171,400	1,116,900	1,095,100	1,067,200	1,088,500	1,074,000	1,048,180	998,334	1,010,220	988,693	978,008	1,018,330	955,672	965,166	960,878	934,681	941,280
Quick ratio		0.79	0.81	0.83	0.87	0.89	0.91	0.95	1.12	1.13	1.16	1.14	1.18	1.19	1.19	1.19	1.21	1.29	1.30	1.33	1.35

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($240,100K + $691,700K + $6,300K) ÷ $1,188,500K
= 0.79

The quick ratio of Verisign Inc. has been gradually decreasing over the past eight quarters, reflecting a declining ability to meet its short-term obligations using its most liquid assets. The ratio has declined from 1.16 in Q1 2022 to 0.83 in Q4 2023. This downward trend may indicate potential liquidity challenges or inefficiencies in managing current liabilities. It is important for the company to closely monitor and improve its quick ratio to ensure it maintains a healthy level of liquidity to cover its short-term debts. Further analysis of the company's current asset composition and liabilities structure is recommended to identify areas for improvement.