Autodesk Inc (ADSK)

Current 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
Total current assets	US$ in thousands	2,810,000	3,579,000	2,939,000	2,821,000	2,833,000	3,341,000	2,788,000	2,329,000	2,358,000	2,764,000	2,654,800	1,546,000	1,505,400	2,625,500	2,339,800	2,203,900	2,024,300	2,659,300	1,706,800	1,515,500
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
Current ratio		0.69	0.82	0.75	0.73	0.72	0.84	0.73	0.64	0.62	0.69	0.81	0.50	0.48	0.81	0.83	0.84	0.79	0.83	0.60	0.56

April 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,810,000K ÷ $4,097,000K
= 0.69

The current ratio of Autodesk Inc has shown fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty in meeting its short-term liabilities.

Autodesk's current ratio was below 1 for several quarters, indicating a potential liquidity concern. However, there have been some improvements in recent quarters, with the current ratio increasing from 0.48 in Jan 31, 2021, to 0.82 in Jan 31, 2024.

While the current ratio has shown some improvement, it is still below the ideal ratio of 1. This suggests that Autodesk may still face challenges in meeting its short-term obligations. It is essential for the company to continue monitoring its liquidity position and managing its current assets and liabilities effectively to ensure it can fulfill its short-term financial obligations.