Autodesk Inc (ADSK)

Cash ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cash and cash equivalents	US$ in thousands	1,892,000	1,947,000	1,528,000	1,772,200	1,774,700
Short-term investments	US$ in thousands	354,000	125,000	235,700	85,000	69,000
Total current liabilities	US$ in thousands	4,351,000	4,000,000	4,009,000	3,254,700	3,219,200
Cash ratio		0.52	0.52	0.44	0.57	0.57

January 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,892,000K + $354,000K) ÷ $4,351,000K
= 0.52

The cash ratio of Autodesk Inc has fluctuated over the past five years, ranging from 0.44 to 0.57. The ratio indicates the company's ability to cover its short-term liabilities using its cash and cash equivalents. In the most recent year, the cash ratio stood at 0.52, which suggests that for every dollar of current liabilities, Autodesk had $0.52 in cash and cash equivalents available. The consistency of the ratio around the 0.52 to 0.57 range in the last three years indicates a relatively stable liquidity position. However, it is essential for investors and analysts to consider other liquidity metrics and factors when evaluating Autodesk's financial health comprehensively.