NCR Voyix Corporation (VYX)
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 | 724,000 | 795,000 | 228,000 | 268,000 | 283,000 | 675,000 | 547,000 | 519,000 | 505,000 | 434,000 | 398,000 | 412,000 | 447,000 | 383,000 | 449,000 | 319,000 | 338,000 | 1,605,000 | 1,681,000 | 1,214,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 20,000 | 20,000 | 33,000 | — | 13,000 | — | — | — | — | — | 1,000 | 2,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,527,000 | 1,254,000 | 1,335,000 | 1,333,000 | 2,680,000 | 2,657,000 | 2,816,000 | 2,713,000 | 2,770,000 | 2,833,000 | 2,830,000 | 2,808,000 | 2,734,000 | 2,967,000 | 2,218,000 | 2,088,000 | 2,278,000 | 2,294,000 | 2,406,000 |
| Quick ratio | 0.51 | 0.52 | 0.18 | 0.20 | 0.21 | 0.26 | 0.21 | 0.20 | 0.19 | 0.16 | 0.14 | 0.15 | 0.16 | 0.14 | 0.15 | 0.14 | 0.16 | 0.70 | 0.73 | 0.50 |
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 fluctuations over the reported periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, the quick ratio was at 0.50, indicating that for every $1 of current liabilities, the company had $0.50 in quick assets readily available to cover those obligations.
There was a gradual improvement in the quick ratio over the next few quarters, reaching its peak at 0.73 on June 30, 2020. However, the ratio saw a notable decline in the following quarters, dropping to 0.14 by March 31, 2021, and remaining below 0.20 until June 30, 2023.
Subsequently, the quick ratio showed an upward trend, with incremental increases noted up to December 31, 2024, where it reached 0.51. This indicated that the company had gradually improved its liquidity position, with $0.51 in quick assets available for every $1 of current liabilities by the end of 2024.
Overall, the quick ratio of NCR Voyix Corporation has demonstrated variability over the reported period, reflecting fluctuations in the company's liquidity position. It is essential for the company to maintain a healthy quick ratio to ensure its ability to meet short-term financial obligations effectively.