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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Five9's current ratio for the quarter that ended in Dec. 2023 was 5.53.
Five9 has a current ratio of 5.53. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Five9's Current Ratio or its related term are showing as below:
During the past 13 years, Five9's highest Current Ratio was 6.96. The lowest was 1.47. And the median was 4.54.
The historical data trend for Five9's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Five9 Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 5.78 | 6.65 | 3.92 | 5.16 | 5.53 |
Five9 Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 5.16 | 5.00 | 5.32 | 5.18 | 5.53 |
For the Software - Infrastructure subindustry, Five9's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Five9's Current Ratio distribution charts can be found below:
* The bar in red indicates where Five9's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Five9's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 924.054 | / | 167.215 | |
= | 5.53 |
Five9's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 924.054 | / | 167.215 | |
= | 5.53 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Five9 (NAS:FIVN) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Five9's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Panos Kozanian | officer: EVP, Product Engineering | 3001 BISHOP DR., STE. #350, SAN RAMON CA 94583 |
Leena Mansharamani | officer: SVP, Chief Accounting Officer | 3001 BISHOP DR., STE. #350, SAN RAMON CA 94583 |
Michael Burkland | officer: CEO, President and Chairman | C/O FIVE9, INC., 4000 EXECUTIVE PARKWAY, SUITE 400, SAN RAMON CA 94583 |
Daniel P. Burkland | officer: EVP, Sales & Business Dev. | C/O FIVE9, INC., 4000 EXECUTIVE PARKWAY, SUITE 400, SAN RAMMON CA 94583 |
Barry Zwarenstein | officer: Chief Financial Officer | C/O IOMEGA CORP, 4435 EASTGATE MALL 3RD FLOOR, SAN DIEGO CA 92121 |
Jonathan D Mariner | director | 2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762 |
Julie Iskow | director | 2900 UNIVERSITY BOULEVARD, AMES X1 50010 |
Kimberly Alexy | director | 500 MCCARTHY BLVD., MILPITAS CA 95035 |
Jack L Acosta | director | C/O FIVE9, INC., 4000 EXECUTIVE PARKWAY, SUITE 400, SAN RAMON CA 94583 |
Rowan M Trollope | director, officer: Chief Executive Officer | 4000 EXECUTIVE PARKWAY, SUITE #400, SAN RAMON CA 94583 |
Michael J Burdiek | director | 39 PARKER, IRVINE CA 92618 |
Scott Welch | officer: EVP, Cloud Operations | C/O FIVE9, INC., 4000 EXECUTIVE PARKWAY, SUITE 400, SAN RAMON CA 94583 |
David G Dewalt | director | |
Ana G. Pinczuk | director | 5725 DELPHI DRIVE, TROY MI 48098 |
Robert Zollars | director | 3061 ZANKER RD, SAN JOSEC CA 95134 |
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