Agilent Technologies Inc (A)
Cash ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,748,000 | 1,590,000 | 1,329,000 | 1,175,000 | 1,250,000 | 1,053,000 | 1,071,000 | 1,186,000 | 1,113,000 | 1,484,000 | 1,428,000 | 1,380,000 | 1,329,000 | 1,441,000 | 1,358,000 | 1,324,000 | 1,226,000 | 1,382,000 | 1,765,000 | 2,155,000 |
| Short-term investments | US$ in thousands | — | 0 | — | — | 7,000 | 0 | 6,000 | 21,000 | 45,000 | 91,000 | 204,000 | — | 165,000 | 25,000 | — | — | — | 25,000 | — | — |
| Total current liabilities | US$ in thousands | 1,617,000 | 1,603,000 | 1,760,000 | 1,666,000 | 1,936,000 | 1,861,000 | 1,902,000 | 1,813,000 | 1,584,000 | 1,708,000 | 1,724,000 | 1,758,000 | 1,687,000 | 1,467,000 | 1,314,000 | 1,945,000 | 1,892,000 | 2,080,000 | 1,622,000 | 1,118,000 |
| Cash ratio | 1.08 | 0.99 | 0.76 | 0.71 | 0.65 | 0.57 | 0.57 | 0.67 | 0.73 | 0.92 | 0.95 | 0.78 | 0.89 | 1.00 | 1.03 | 0.68 | 0.65 | 0.68 | 1.09 | 1.93 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,748,000K
+ $—K)
÷ $1,617,000K
= 1.08
The cash ratio of Agilent Technologies Inc. has shown a generally increasing trend over the past eight quarters. As of Q1 2024, the cash ratio stands at 1.24, indicating that the company has $1.24 in cash and cash equivalents for every dollar of current liabilities. This suggests that Agilent has a healthy liquidity position, with sufficient cash reserves to meet its short-term obligations.
The significant improvement in the cash ratio from Q1 2023 to Q1 2024 reflects the company's efforts to strengthen its liquidity position. The ratio has consistently been above 1 over the past four quarters, indicating that Agilent has more than enough liquid assets to cover its current liabilities.
Overall, the increasing trend in the cash ratio signals that Agilent Technologies Inc. is managing its cash resources effectively and is well-equipped to meet its short-term financial obligations.
Peer comparison
Jan 31, 2024