Agilent Technologies Inc (A)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,959,000 | 4,256,000 | 4,203,000 | 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 |
| 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 |
| Current ratio | 2.09 | 1.78 | 2.15 | 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 |
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 shown some fluctuations over the past years, ranging from 1.63 to 2.68. The ratio indicates the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 suggests that Agilent Technologies Inc has more current assets than current liabilities, which is generally considered a positive sign of financial health.
In the most recent period, the current ratio was 2.09, indicating a strong liquidity position. However, it is important to note that the ratio has varied over time, with some periods showing lower current ratios such as 1.63 and 1.64, which might raise concerns about the company's ability to meet its short-term obligations.
Overall, while Agilent Technologies Inc has generally maintained a current ratio above 1, the fluctuations in the ratio over time suggest that it is important for stakeholders to closely monitor the company's liquidity position and ability to manage its short-term financial obligations.
Peer comparison
Oct 31, 2024