Agilent Technologies Inc (A)
Quick ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,329,000 | 1,590,000 | 1,053,000 | 1,484,000 | 1,441,000 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 91,000 | 25,000 |
| Receivables | US$ in thousands | 1,471,000 | 1,391,000 | 1,492,000 | 1,238,000 | 1,127,000 |
| Total current liabilities | US$ in thousands | 1,895,000 | 1,603,000 | 1,861,000 | 1,708,000 | 1,467,000 |
| Quick ratio | 1.48 | 1.86 | 1.37 | 1.65 | 1.77 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,329,000K
+ $0K
+ $1,471,000K)
÷ $1,895,000K
= 1.48
The quick ratio of Agilent Technologies Inc has exhibited fluctuations over the past five years. In 2024, the quick ratio stands at 1.48, experiencing a decrease from the previous year's ratio of 1.86. This indicates that in the most recent period, Agilent may have a slightly decreased ability to cover its current liabilities with its most liquid assets, such as cash and accounts receivable. However, the company's quick ratio remains above 1, indicating that it still has an adequate level of liquid assets to cover its short-term liabilities.
Comparing the quick ratio to 2022, we see a similar trend where the ratio increased to 1.86 from 1.37. This suggests a significant improvement in the company's liquidity position from two years ago. The quick ratio fluctuated in the years prior, with ratios of 1.65 in 2021 and 1.77 in 2020, indicating varying levels of liquidity over those years.
Overall, Agilent Technologies Inc has generally maintained a healthy quick ratio above 1 in the past five years, indicating a consistent ability to cover its short-term obligations with its liquid assets. Understanding the trends in the quick ratio can provide insights into the company's liquidity management and financial health.
Peer comparison
Oct 31, 2024