Cisco Systems Inc (CSCO)
Cash ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 8,346,000 | 8,161,000 | 8,556,000 | 9,065,000 | 7,508,000 | 7,508,000 | 8,913,000 | 8,913,000 | 13,715,000 | 13,715,000 | 9,602,000 | 9,602,000 | 10,123,000 | 10,123,000 | 8,044,000 | 8,044,000 | 9,009,000 | 9,009,000 | 7,292,000 | 7,292,000 |
| Short-term investments | US$ in thousands | 7,764,000 | 7,481,000 | 8,297,000 | 9,606,000 | 10,346,000 | 10,346,000 | 9,857,000 | 9,857,000 | 11,956,000 | 11,956,000 | 13,921,000 | 13,921,000 | 16,023,000 | 16,023,000 | 15,244,000 | 15,244,000 | 13,052,000 | 13,052,000 | 12,492,000 | 12,492,000 |
| Total current liabilities | US$ in thousands | 35,064,000 | 34,495,000 | 40,019,000 | 40,542,000 | 40,584,000 | 40,584,000 | 40,108,000 | 40,108,000 | 30,851,000 | 30,851,000 | 27,035,000 | 27,035,000 | 31,309,000 | 31,309,000 | 28,719,000 | 28,719,000 | 27,252,000 | 27,252,000 | 24,896,000 | 24,896,000 |
| Cash ratio | 0.46 | 0.45 | 0.42 | 0.46 | 0.44 | 0.44 | 0.47 | 0.47 | 0.83 | 0.83 | 0.87 | 0.87 | 0.84 | 0.84 | 0.81 | 0.81 | 0.81 | 0.81 | 0.79 | 0.79 |
July 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,346,000K
+ $7,764,000K)
÷ $35,064,000K
= 0.46
The cash ratio of Cisco Systems Inc. has demonstrated a generally stable trend over the period from October 2022 to October 2024, with values predominantly hovering around 0.79 to 0.87. Initially, the cash ratio remained consistent at approximately 0.79 to 0.81 through late 2022 and early 2023, reflecting a relatively stable liquidity position, with the company maintaining a healthy proportion of its current assets in cash relative to current liabilities.
Starting in mid-2023, the cash ratio experienced a gradual increase, reaching a peak of 0.87 in October 2023. This uptick may suggest a conservative liquidity stance or enhanced cash holdings during this period. Throughout the subsequent quarters, the ratio remained elevated but showed slight fluctuations around 0.83 to 0.87, indicating a robust liquidity buffer.
However, a notable decline occurred in the April 2024 data, with the cash ratio falling sharply to 0.47. This significant decrease implies a reduction in the company's cash position relative to its current liabilities, potentially indicating increased investment, operational expenditures, or other factors reducing cash reserves. The ratio remained low at 0.44 in July 2024, suggesting a continued diminished cash buffer.
Thereafter, the cash ratio showed a modest recovery, increasing slightly to 0.46 in October 2024, and then stabilizing around 0.42 to 0.46 through January and April 2025. Despite the regain, the ratio remains notably lower than the pre-2024 levels, reflecting a more cautious liquidity profile moving forward.
Overall, the historical data indicates that Cisco's cash ratio was relatively high and stable prior to 2024, suggesting effective cash management and liquidity preparedness. The substantial reduction beginning in 2024 signals a shift in liquidity position, which warrants closer examination of the company's cash management strategies, operational needs, and potential impacts on short-term solvency.
Peer comparison
Jul 31, 2025