Agilent Technologies Inc (A)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,338,000 | 4,186,000 | 4,030,000 | 3,949,000 | 4,078,000 | 3,778,000 | 3,690,000 | 3,643,000 | 3,474,000 | 3,799,000 | 3,632,000 | 3,514,000 | 3,483,000 | 3,415,000 | 3,245,000 | 3,171,000 | 3,102,000 | 3,189,000 | 3,457,000 | 3,812,000 |
| 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 |
| Current ratio | 2.68 | 2.61 | 2.29 | 2.37 | 2.11 | 2.03 | 1.94 | 2.01 | 2.19 | 2.22 | 2.11 | 2.00 | 2.06 | 2.33 | 2.47 | 1.63 | 1.64 | 1.53 | 2.13 | 3.41 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,338,000K ÷ $1,617,000K
= 2.68
Agilent Technologies Inc.'s current ratio has shown a generally positive trend over the past eight quarters. The current ratio has consistently been above 2, indicating that the company has a strong ability to meet its short-term obligations using its current assets. The current ratio peaked in Q1 2024 at 2.68, reflecting a healthy liquidity position. The lowest current ratio in the period was 1.94 in Q3 2022, which was still above 1, suggesting a sufficient level of liquidity even at the lowest point. Overall, the upward trend in the current ratio indicates that Agilent Technologies Inc. has been effectively managing its current assets and liabilities to support its short-term financial health.
Peer comparison
Jan 31, 2024