Box Inc (BOX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 624,575 | 608,765 | 406,620 | 449,507 | 384,257 | 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 |
| Short-term investments | US$ in thousands | 98,241 | 89,150 | 75,605 | 116,616 | 96,948 | 61,795 | 49,438 | 35,579 | 32,783 | 44,567 | 44,745 | 127,889 | 170,000 | 140,000 | 50,000 | 50,000 | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.78 | 1.19 | 0.82 | 0.96 | 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 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($624,575K
+ $98,241K
+ $—K)
÷ $922,076K
= 0.78
Box Inc's quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has fluctuated over the past few years.
From April 2020 to July 2021, the quick ratio showed a positive trend, increasing from 0.52 to 1.44. This indicates that Box Inc had a stronger ability to cover its current liabilities with its quick assets during this period.
However, from January 2022 onwards, the quick ratio began to decline, reaching a low of 0.63 in July 2022. This suggests a potential decrease in the company's liquidity position and could raise concerns about its short-term financial health.
The quick ratio then fluctuated between 0.63 and 1.19 until October 2024, showing some level of instability in Box Inc's ability to meet its short-term obligations with its liquid assets.
Overall, monitoring the quick ratio is important for assessing Box Inc's short-term liquidity position and financial stability, which are crucial factors for investors and creditors evaluating the company's financial health.
Peer comparison
Jan 31, 2025