NCR Voyix Corporation (VYX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 724,000 | 262,000 | 505,000 | 447,000 | 338,000 |
| Short-term investments | US$ in thousands | — | -21,000 | — | — | 2,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,333,000 | 2,713,000 | 2,808,000 | 2,088,000 |
| Quick ratio | 0.51 | 0.18 | 0.19 | 0.16 | 0.16 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($724,000K
+ $—K
+ $—K)
÷ $1,420,000K
= 0.51
The quick ratio of NCR Voyix Corporation has shown a fluctuating trend over the past five years, ranging from 0.16 in December 31, 2020 and 2021, to 0.51 by December 31, 2024. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. The increase in the quick ratio from 0.16 to 0.51 suggests an improvement in the company's ability to cover its current liabilities with its quick assets. However, it is essential to monitor this ratio closely to assess the company's liquidity position adequately.