Crowdstrike Holdings Inc (CRWD)

Quick ratio

		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	Oct 31, 2019	Jul 31, 2019
Cash	US$ in thousands	3,702,440	3,375,070	2,968,870	3,167,220	2,829,680	2,455,370	2,466,550	2,318,860	2,152,740	1,996,630	1,907,510	1,787,050	1,685,000	1,918,610	1,059,930	1,064,730	1,004,990	264,798	743,605	732,808
Short-term investments	US$ in thousands	0	99,591	197,522	0	100,000	250,000	—	—	—	0	—	14,165	8,165	2,500	2,500	—	—	647,266	90,083	94,003
Receivables	US$ in thousands	702,856	853,105	561,872	539,463	461,092	626,181	485,313	418,799	369,130	368,145	283,272	266,540	211,233	239,199	172,775	149,236	144,187	164,987	145,694	115,256
Total current liabilities	US$ in thousands	2,683,690	2,697,280	2,350,420	2,229,460	2,080,060	2,109,070	1,817,050	1,649,250	1,497,100	1,406,830	1,241,550	1,136,830	982,765	863,553	702,039	603,292	555,644	493,096	415,604	341,781
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	2.36	2.76

April 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,702,440K + $0K + $702,856K) ÷ $2,683,690K
= 1.64

The quick ratio of Crowdstrike Holdings Inc has remained relatively stable over the past few years, ranging between 1.58 and 2.76. This indicates that the company has a strong ability to meet its short-term obligations using its most liquid assets, such as cash and accounts receivable.

The trend shows that the quick ratio has fluctuated slightly, with a peak of 2.76 in July 2019 and a low of 1.58 in January 2023. Overall, the ratios remain above 1, suggesting that Crowdstrike Holdings Inc has sufficient liquid assets to cover its immediate liabilities.

It is important to note that a quick ratio above 1 indicates a healthy liquidity position, but investors should also consider other factors such as industry benchmarks and the company's overall financial health when assessing its ability to meet short-term obligations.