Agilent Technologies Inc (A)
Cash ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,329,000 | 1,779,000 | 1,671,000 | 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 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 0 | — | — | 7,000 | 0 | 6,000 | 21,000 | 45,000 | 91,000 | 204,000 | — | 165,000 | 25,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,895,000 | 2,389,000 | 1,958,000 | 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 |
| Cash ratio | 0.70 | 0.74 | 0.85 | 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 |
October 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,329,000K
+ $0K)
÷ $1,895,000K
= 0.70
The cash ratio of Agilent Technologies Inc has shown fluctuations over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that a company has more cash on hand relative to its current liabilities.
Looking at the data provided, it can be observed that the cash ratio has generally been in a healthy range, varying between 0.57 to 1.08. The highest cash ratio was observed in January 2024 at 1.08, indicating a strong ability to cover short-term liabilities with cash. However, there has been some variability in the cash ratio over the quarters, with fluctuations observed. Overall, the trend seems to be relatively stable, with the cash ratio hovering around 0.70 to 1.00 in more recent quarters.
It is important to note that a cash ratio of 1.00 or higher suggests that the company can cover all of its current liabilities with its cash and cash equivalents alone. Agilent Technologies Inc seems to have maintained a comfortable level of liquidity over the quarters, which is crucial for meeting short-term obligations and weathering economic uncertainties.
Peer comparison
Oct 31, 2024