Agilent Technologies Inc (A)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,329,000 | 1,779,000 | 1,671,000 | 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 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 0 | — | — | 7,000 | 0 | 6,000 | 21,000 | 45,000 | 91,000 | 204,000 | — | 165,000 | 25,000 | — | — | — |
| Receivables | US$ in thousands | 1,471,000 | 1,227,000 | 1,249,000 | 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 |
| 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 |
| Quick ratio | 1.48 | 1.26 | 1.49 | 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 |
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 some fluctuations over the past several quarters. The company's quick ratio was 1.48 as of October 31, 2024, indicating that for every $1 of current liabilities, the company had $1.48 of liquid assets that could quickly cover those liabilities. This suggests a strong liquidity position.
Looking at the trend over the past few quarters, the quick ratio has generally been above 1.0, which is a positive sign indicating that Agilent Technologies Inc has a comfortable level of liquid assets to cover its short-term obligations. However, there have been some fluctuations in the quick ratio, ranging from a low of 1.14 on January 31, 2020, to a high of 1.88 on January 31, 2024.
Overall, the trend in the quick ratio suggests that Agilent Technologies Inc has maintained a relatively stable liquidity position, with the ratio consistently above the recommended threshold of 1.0. This indicates the company's ability to meet its short-term obligations using its liquid assets, providing a favorable indication of financial health and stability.
Peer comparison
Oct 31, 2024