NCR Voyix Corporation (VYX)
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 | 262,000 | 675,000 | 547,000 | 519,000 | 221,000 | 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 | 509,000 | 388,000 | 335,000 | 414,000 |
| Short-term investments | US$ in thousands | — | 20,000 | 20,000 | 33,000 | 284,000 | 13,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 481,000 | 950,000 | 986,000 | 1,009,000 | 1,083,000 | 1,116,000 | 1,085,000 | 1,071,000 | 959,000 | 943,000 | 1,271,000 | 1,212,000 | 1,117,000 | 1,248,000 | 1,249,000 | 1,353,000 | 1,490,000 | 1,487,000 | 1,430,000 | 1,335,000 |
| Total current liabilities | US$ in thousands | 1,333,000 | 2,681,000 | 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 | 2,538,000 | 2,346,000 | 2,303,000 | 2,381,000 |
| Quick ratio | 0.56 | 0.61 | 0.58 | 0.55 | 0.59 | 0.56 | 0.52 | 0.52 | 0.50 | 0.49 | 0.58 | 0.69 | 0.70 | 1.25 | 1.28 | 1.07 | 0.79 | 0.80 | 0.77 | 0.73 |
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, which measures the company's ability to meet its short-term liabilities with its most liquid assets, has shown fluctuation over the past few quarters.
As of December 31, 2023, the quick ratio was 0.56, indicating that the company had $0.56 of liquid assets available to cover each dollar of current liabilities. This ratio has been relatively consistent around the 0.50 to 0.60 range over the recent quarters. In general, a quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations without selling inventory or securing additional financing.
The variations in the quick ratio could reflect changes in the composition of current assets, such as fluctuations in cash, marketable securities, and accounts receivable. It is essential for investors and creditors to monitor the quick ratio over time to assess the company's liquidity position and its ability to weather financial challenges in the short term.