Autodesk Inc (ADSK)
Current ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,579,000 | 3,341,000 | 2,764,000 | 2,625,500 | 2,659,300 |
| Total current liabilities | US$ in thousands | 4,351,000 | 4,000,000 | 4,009,000 | 3,254,700 | 3,219,200 |
| Current ratio | 0.82 | 0.84 | 0.69 | 0.81 | 0.83 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,579,000K ÷ $4,351,000K
= 0.82
Autodesk Inc's current ratio has shown fluctuations over the past five years, ranging from 0.69 to 0.84. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.
In 2022, the current ratio decreased to 0.69, indicating a potential liquidity challenge for the company in that year. However, this improved in 2023 to 0.84, suggesting a stronger ability to meet short-term liabilities. The current ratio then decreased again in 2024 to 0.82, albeit still below the ideal ratio of 1, indicating that Autodesk Inc may have some difficulties meeting its short-term obligations with its current assets.
Overall, the trend in Autodesk Inc's current ratio indicates some variability in its short-term liquidity position over the years, highlighting the importance of monitoring the company's ability to meet its short-term financial obligations.
Peer comparison
Jan 31, 2024