Box Inc (BOX)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	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
Total current assets	US$ in thousands	1,097,780	962,590	690,143	744,751	796,363	684,329	692,883	731,238	806,763	656,527	638,885	715,420	916,564	927,619	1,028,860	789,597	879,286	449,288	453,584	427,227
Total current liabilities	US$ in thousands	922,076	587,104	586,914	591,438	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
Current ratio		1.19	1.64	1.18	1.26	1.17	1.20	1.17	1.18	1.13	1.10	1.03	1.17	1.27	1.58	1.78	1.43	1.43	0.90	0.88	0.84

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,097,780K ÷ $922,076K
= 1.19

Box Inc's current ratio has shown fluctuations over the past few years, indicating changes in its short-term liquidity position. The current ratio stood at 0.84 as of April 30, 2020, indicating that the company had less in current assets to cover its current liabilities. However, the ratio gradually improved, reaching 1.43 by January 31, 2021, reflecting a strengthening liquidity position. The ratio remained relatively stable above 1 throughout 2021 and early 2022, indicating that Box Inc had sufficient current assets to meet its short-term obligations.

However, the current ratio started declining from July 31, 2022, reaching a low of 1.03 by July 31, 2022, suggesting a potential strain on the company's liquidity. Although there was a slight improvement in the following periods, with the ratio fluctuating between 1.10 and 1.26, the company's liquidity position remained a bit volatile. The current ratio spiked to 1.64 by October 31, 2024, showing a significant improvement in liquidity, but then dropped back to 1.19 by January 31, 2025.

Overall, Box Inc's current ratio has displayed variations, with periods of both strength and weakness in its liquidity position. It is important for investors and stakeholders to monitor these fluctuations to assess the company's ability to meet its short-term financial obligations.