Box Inc (BOX)

Cash ratio

		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	Apr 30, 2019
Cash and cash equivalents	US$ in thousands	383,742	377,911	395,965	481,435	428,465	358,060	348,783	391,377	416,274	568,265	779,416	561,459	595,082	275,400	271,874	267,973	195,586	200,890	201,489	231,436
Short-term investments	US$ in thousands	96,948	61,795	49,438	35,579	32,783	44,567	44,745	127,889	170,000	140,000	50,000	50,000	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	679,280	570,627	593,452	620,699	715,827	597,396	621,600	612,711	718,975	587,788	577,929	552,705	612,839	496,510	514,638	511,200	577,434	467,506	458,023	444,730
Cash ratio		0.71	0.77	0.75	0.83	0.64	0.67	0.63	0.85	0.82	1.20	1.44	1.11	0.97	0.55	0.53	0.52	0.34	0.43	0.44	0.52

January 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($383,742K + $96,948K) ÷ $679,280K
= 0.71

The cash ratio of Box Inc has varied over the past several quarters, ranging from a low of 0.34 to a high of 1.44. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

In the most recent quarter, the cash ratio was 0.71, which indicates that Box Inc had $0.71 in cash and cash equivalents for every $1 of current liabilities. This suggests a moderate level of liquidity to meet its short-term obligations.

The cash ratio has fluctuated over the periods analyzed, with some quarters showing higher levels of liquidity (above 1.0) and others indicating lower levels. It is important for investors and analysts to monitor changes in the cash ratio to assess the company's liquidity position and potential cash flow challenges.