Autodesk Inc (ADSK)

Cash ratio

		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	Oct 31, 2019	Jul 31, 2019
Cash and cash equivalents	US$ in thousands	1,681,000	1,892,000	1,526,000	1,714,000	1,909,000	1,947,000	1,665,000	1,440,000	1,518,000	1,528,000	1,748,900	923,500	923,200	1,772,200	1,537,000	1,439,800	1,389,700	1,774,700	956,200	923,900
Short-term investments	US$ in thousands	308,000	354,000	428,000	359,000	222,000	125,000	139,000	85,000	67,000	235,700	43,200	1,400	0	85,000	78,500	79,700	77,200	69,000	68,300	67,400
Total current liabilities	US$ in thousands	4,097,000	4,351,000	3,912,000	3,875,000	3,926,000	4,000,000	3,811,000	3,642,000	3,801,000	4,009,000	3,281,500	3,087,400	3,130,100	3,254,700	2,811,600	2,619,600	2,578,300	3,219,200	2,840,200	2,707,300
Cash ratio		0.49	0.52	0.50	0.53	0.54	0.52	0.47	0.42	0.42	0.44	0.55	0.30	0.29	0.57	0.57	0.58	0.57	0.57	0.36	0.37

April 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,681,000K + $308,000K) ÷ $4,097,000K
= 0.49

The cash ratio for Autodesk Inc has fluctuated over the past several quarters, ranging from as low as 0.29 to as high as 0.58. The cash ratio measures the firm's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, suggesting that the company is better positioned to meet its short-term obligations without relying on external financing sources.

Autodesk's cash ratio has generally been above 0.4, indicating that the company has a relatively solid liquidity position and is capable of covering a considerable portion of its short-term liabilities with its cash holdings. However, it is noteworthy that the cash ratio dipped to as low as 0.29 in January 2023, which may suggest a temporary strain on liquidity or an increase in short-term liabilities relative to available cash.

Overall, monitoring the cash ratio over time can provide insights into Autodesk's liquidity management and financial health, helping stakeholders to assess the company's ability to weather potential financial challenges and meet its immediate financial obligations.