Quick Ratio

The quick ratio of 0.86x means the company has $0.86 in cash, cash equivalents, and other highly liquid assets for every $1 of current liabilities due within one year.

This ratio sits above the sector median of 0.73x and places TYL in the 59th percentile among its sector peers, indicating slightly better short-term liquidity than the typical peer. The year-over-year change is not available, but the ratio fell 4.4% from the prior quarter, moving from 0.90x to 0.86x. A quick ratio above the sector median suggests the company can cover short-term obligations with liquid assets, yet the recent decline could signal a tightening of liquidity. This combination—a level that is still above average but trending downward—presents a moderate risk of further weakening but no immediate distress. The metric’s current level and direction are consistent with a NEUTRAL overall verdict, as they neither strongly support a bullish nor a bearish case.

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