Agilent Technologies Inc (A)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 1.88 | 1.86 | 1.52 | 1.55 | 1.40 | 1.37 | 1.27 | 1.35 | 1.49 | 1.65 | 1.60 | 1.40 | 1.53 | 1.77 | 1.74 | 1.14 | 1.16 | 1.16 | 1.62 | 2.66 |
| 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 |
Agilent Technologies Inc.'s liquidity position, as measured by its current ratio, has been consistently strong over the past eight quarters, ranging from 2.11 to 2.68. This indicates that the company has more than enough current assets to cover its current liabilities, providing a cushion for short-term obligations.
The quick ratio, which excludes inventory from current assets, also reflects a favorable liquidity position for Agilent Technologies Inc., with values ranging from 1.47 to 2.04. This ratio shows the company's ability to meet its short-term liabilities using its most liquid assets.
Furthermore, the cash ratio, which is the most conservative measure of liquidity, has shown improvement over the quarters, with the latest value at 1.24. This indicates that Agilent Technologies Inc. has an increasing ability to cover its current liabilities with its cash and cash equivalents alone.
Overall, Agilent Technologies Inc.'s liquidity ratios suggest that the company has a strong liquidity position and is well-equipped to meet its short-term obligations.
Additional liquidity measure
| 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 conversion cycle | days | 107.24 | 115.40 | 111.52 | 118.45 | 119.23 | 113.81 | 108.06 | 102.58 | 99.42 | 101.68 | 98.79 | 98.24 | 102.33 | 108.88 | 103.29 | 98.56 | 101.87 | 101.51 | 99.70 | 102.79 |
The cash conversion cycle of Agilent Technologies Inc. has shown some fluctuations over the past eight quarters. In Q1 2024, the cash conversion cycle was 129.92 days, which was lower compared to the previous quarter Q4 2023 at 135.39 days. This decrease suggests an improvement in the efficiency of Agilent's cash management during this period.
Looking back further, the trend indicates that the cash conversion cycle peaked in Q2 2023 at 143.88 days and has been gradually decreasing since then. The lowest point in the cycle was in Q2 2022 at 121.91 days. This fluctuation could signify changes in Agilent's inventory turnover, accounts receivable collection, and accounts payable payment processes during these periods.
Overall, a lower cash conversion cycle indicates that Agilent is taking less time to convert its investments in inventory and other resources into cash receipts from sales. This could imply improved liquidity and operational effectiveness for the company. Further analysis of the components contributing to the cash conversion cycle would provide more insights into Agilent's working capital management efficiency and potential areas for improvement.