Crowdstrike Holdings Inc (CRWD)
Liquidity ratios
| 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 | Jan 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.80 | 1.76 | 1.74 | 1.82 | 1.78 | 1.73 | 1.76 | 1.80 | 1.83 | 1.83 | 1.90 | 1.98 | 2.07 | 2.65 | 1.91 | 2.18 | 2.25 | 2.38 |
| Quick ratio | 1.64 | 1.60 | 1.59 | 1.66 | 1.63 | 1.58 | 1.62 | 1.66 | 1.68 | 1.68 | 1.76 | 1.82 | 1.94 | 2.50 | 1.76 | 2.01 | 2.07 | 2.18 |
| Cash ratio | 1.38 | 1.29 | 1.35 | 1.42 | 1.41 | 1.28 | 1.36 | 1.41 | 1.44 | 1.42 | 1.54 | 1.58 | 1.72 | 2.22 | 1.51 | 1.76 | 1.81 | 1.85 |
CrowdStrike Holdings Inc has demonstrated relatively stable liquidity ratios over the period of Apr 30, 2020, to Apr 30, 2024. The current ratio, which measures the company's ability to cover short-term obligations with current assets, has ranged between 1.73 to 2.94, with an average of approximately 2.01. This indicates that the company has generally maintained a healthy level of current assets relative to current liabilities.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has shown a similar trend, ranging between 1.58 to 2.76, with an average of around 1.96. This suggests that CrowdStrike Holdings Inc has adequate liquid assets to cover its short-term liabilities without relying on inventory.
Further, the cash ratio, which indicates the proportion of current liabilities covered by cash and cash equivalents, has varied between 1.28 to 2.42, with an average of about 1.71. This demonstrates that the company holds a substantial amount of cash and cash equivalents compared to its current liabilities, providing a sense of financial security and ability to meet obligations.
Overall, based on these liquidity ratios, CrowdStrike Holdings Inc appears to have maintained a strong liquidity position, with adequate resources to meet its short-term financial commitments.
See also:
Additional liquidity measure
| 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 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 71.64 | 93.50 | 94.26 | 99.65 | 98.46 | 128.77 | 103.17 | 106.93 | 116.52 | 117.07 | 113.01 | 112.64 | 109.75 | 129.97 | 111.10 | 107.80 | 121.37 | 151.41 |
The cash conversion cycle of Crowdstrike Holdings Inc has fluctuated over the past few years, indicating varying efficiency in managing its operating cycle. The cycle measures the time it takes for the company to convert its investments in inventory and accounts receivable into cash.
From April 2020 to January 2021, the company experienced a high cash conversion cycle, peaking at 151.41 days, suggesting potential inefficiencies in managing inventory and collecting receivables. However, from January 2021 to January 2022, there was a gradual improvement in the cycle, indicating better management of working capital.
The cycle then increased slightly from January 2022 to January 2023, reaching its peak at 128.77 days in January 2023, before decreasing in the following quarters. Despite this improvement, the cycles remained relatively high, hovering around the 100-day mark until April 2024.
Overall, Crowdstrike Holdings Inc should continue monitoring and optimizing its cash conversion cycle to ensure efficient utilization of resources and timely cash flows in its operations.