Autodesk Inc (ADSK)

Quick 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	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
Receivables	US$ in thousands	353,000	876,000	579,000	402,000	331,000	961,000	642,000	434,000	384,000	716,100	580,300	357,800	326,100	643,100	540,400	490,100	356,500	652,300	520,300	347,400
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
Quick ratio		0.57	0.72	0.65	0.64	0.63	0.76	0.64	0.54	0.52	0.62	0.72	0.42	0.40	0.77	0.77	0.77	0.71	0.78	0.54	0.49

April 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,681,000K + $308,000K + $353,000K) ÷ $4,097,000K
= 0.57

The quick ratio of Autodesk Inc has fluctuated over the past few years, ranging from a low of 0.40 to a high of 0.77. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1.0 may indicate a potential liquidity issue, as it suggests the company may have difficulty covering its current liabilities with cash and assets that can be quickly converted to cash.

Looking at the trend, we can observe that the quick ratio has shown some volatility, with fluctuations occurring from period to period. In general, a quick ratio above 1.0 is considered healthy, as it indicates the company has enough liquid assets to cover its short-term liabilities. Conversely, a quick ratio below 1.0 may raise concerns about the company's liquidity position.

Autodesk's quick ratio has varied over the analyzed periods, with some periods showing a ratio below 1.0 and others above 1.0. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to manage its short-term financial obligations effectively.