Agilent Technologies Inc (A)
Current ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,959,000 | 4,186,000 | 3,778,000 | 3,799,000 | 3,415,000 |
| Total current liabilities | US$ in thousands | 1,895,000 | 1,603,000 | 1,861,000 | 1,708,000 | 1,467,000 |
| Current ratio | 2.09 | 2.61 | 2.03 | 2.22 | 2.33 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,959,000K ÷ $1,895,000K
= 2.09
The current ratio of Agilent Technologies Inc has fluctuated over the past five years. The ratio was at its highest in October 2023 at 2.61, indicating that the company had $2.61 in current assets for every $1 in current liabilities. This suggests a strong liquidity position. However, in the following years, the current ratio decreased, falling to 2.09 in October 2024. While still above 2, this decline may raise concerns about the company's ability to meet its short-term obligations. Overall, Agilent Technologies Inc has maintained a current ratio above 2 in the past five years, indicating a generally healthy liquidity position, but the decreasing trend in recent years warrants further monitoring.
Peer comparison
Oct 31, 2024