Box Inc (BOX)

Current 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
Total current assets	US$ in thousands	842,180	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	457,726	355,091	364,241	367,573
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
Current ratio		1.24	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	0.79	0.76	0.80	0.83

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $842,180K ÷ $679,280K
= 1.24

The current ratio of Box Inc has exhibited fluctuations over the past few years, ranging from a low of 0.76 in January 2020 to a high of 1.78 in July 2021. Currently, as of January 31, 2024, the current ratio stands at 1.24.

A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong ability to cover its short-term obligations. The gradual increase in the current ratio from 2020 to mid-2021 indicates an improvement in the company's liquidity position. However, the slight decrease in the current ratio in recent periods may indicate a slight decline in liquidity.

Further analysis would be required to understand the factors contributing to these fluctuations in the current ratio and assess the overall financial health of Box Inc.