Salesforce.com Inc (CRM)
Current ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 29,074,000 | 26,395,000 | 22,850,000 | 21,889,000 | 15,963,000 |
| Total current liabilities | US$ in thousands | 26,631,000 | 25,891,000 | 21,788,000 | 17,728,000 | 14,845,000 |
| Current ratio | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $29,074,000K ÷ $26,631,000K
= 1.09
The current ratio of Salesforce Inc has fluctuated over the past five years, ranging from 1.02 to 1.23. A current ratio of 1.09 as of January 31, 2024, indicates that the company's current assets are slightly higher than its current liabilities. This suggests that Salesforce Inc may have enough short-term assets to cover its short-term obligations. However, the current ratio is lower compared to the peak of 1.23 in January 31, 2021, which may indicate a decrease in liquidity. It is important for investors and creditors to monitor this ratio over time to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Jan 31, 2024