Agilent Technologies Inc (A)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,748,000 | 1,590,000 | 1,329,000 | 1,175,000 | 1,250,000 | 1,053,000 | 1,071,000 | 1,186,000 | 1,113,000 | 1,484,000 | 1,428,000 | 1,380,000 | 1,329,000 | 1,441,000 | 1,358,000 | 1,324,000 | 1,226,000 | 1,382,000 | 1,765,000 | 2,155,000 |
| Short-term investments | US$ in thousands | — | 0 | — | — | 7,000 | 0 | 6,000 | 21,000 | 45,000 | 91,000 | 204,000 | — | 165,000 | 25,000 | — | — | — | 25,000 | — | — |
| Receivables | US$ in thousands | 1,295,000 | 1,391,000 | 1,339,000 | 1,401,000 | 1,459,000 | 1,492,000 | 1,345,000 | 1,237,000 | 1,205,000 | 1,238,000 | 1,122,000 | 1,075,000 | 1,087,000 | 1,127,000 | 930,000 | 886,000 | 966,000 | 998,000 | 856,000 | 819,000 |
| 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 |
| 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 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,748,000K
+ $—K
+ $1,295,000K)
÷ $1,617,000K
= 1.88
The quick ratio of Agilent Technologies Inc. has shown a generally increasing trend over the past eight quarters, indicating a strengthening liquidity position. As of Q1 2024, the quick ratio stood at 2.04, which means the company had $2.04 of liquid assets available to cover each dollar of current liabilities.
The quick ratio improvement suggests that Agilent Technologies has been managing its short-term obligations more effectively and has a higher level of liquid assets relative to its current liabilities. This may indicate a lower risk of liquidity issues and an ability to meet its short-term financial obligations without relying heavily on selling inventory.
The consistent upward trend in the quick ratio reflects a positive liquidity position for Agilent Technologies, providing a favorable indication of its financial health and ability to weather economic uncertainties. However, it is important to continue monitoring this ratio in subsequent periods to ensure the company maintains its liquidity strength.
Peer comparison
Jan 31, 2024