VeriSign Inc (VRSN)

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	206,700	267,300	252,200	731,800	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
Short-term investments	US$ in thousands	398,600	383,000	443,000	198,300	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
Receivables	US$ in thousands	5,600	6,000	3,600	6,500	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
Total current liabilities	US$ in thousands	1,531,100	1,526,200	1,191,300	1,213,900	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
Quick ratio		0.40	0.43	0.59	0.77	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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($206,700K + $398,600K + $5,600K) ÷ $1,531,100K
= 0.40

VeriSign Inc's quick ratio has been on a declining trend over the years, indicating a potential deterioration in the company's short-term liquidity position. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, decreased from 1.21 as of March 31, 2020, to 0.40 as of December 31, 2024.

A quick ratio below 1.0 suggests that the company may have difficulty meeting its short-term obligations using its current liquid assets. VeriSign Inc's decreasing quick ratio may raise concerns among investors and creditors about the company's ability to manage its short-term financial obligations in the future.

It is important for VeriSign Inc to closely monitor its liquidity position and take necessary steps to improve its quick ratio to ensure financial stability and meet its short-term obligations effectively.