NCR Voyix Corporation (VYX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 262,000 | 221,000 | 447,000 | 338,000 | 509,000 |
| Short-term investments | US$ in thousands | — | 284,000 | — | 2,000 | — |
| Receivables | US$ in thousands | 481,000 | 1,083,000 | 959,000 | 1,117,000 | 1,490,000 |
| Total current liabilities | US$ in thousands | 1,333,000 | 2,713,000 | 2,808,000 | 2,088,000 | 2,538,000 |
| Quick ratio | 0.56 | 0.59 | 0.50 | 0.70 | 0.79 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($262,000K
+ $—K
+ $481,000K)
÷ $1,333,000K
= 0.56
The quick ratio of NCR Voyix Corporation has shown a fluctuating trend over the past five years. It decreased from 0.79 in 2019 to 0.70 in 2020, further dropped to 0.50 in 2021, before slightly increasing to 0.59 in 2022, and finally decreased to 0.56 in 2023.
The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The decreasing trend in the quick ratio from 2019 to 2023 may suggest a weakening liquidity position of NCR Voyix Corporation over the years. It is important for the company to carefully manage its liquid assets and liabilities to ensure it can cover its short-term obligations effectively. Further analysis of the company's cash, marketable securities, and current liabilities would provide additional insights into its liquidity position.