Cisco Systems Inc (CSCO)
Cash ratio
Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | ||
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Cash and cash equivalents | US$ in thousands | 7,508,000 | 8,913,000 | 13,715,000 | 9,602,000 | 10,123,000 | 8,044,000 | 9,009,000 | 7,292,000 | 7,079,000 | 6,952,000 | 6,731,000 | 7,619,000 | 9,175,000 | 7,350,000 | 11,793,000 | 10,822,000 | 11,809,000 | 10,366,000 | 8,475,000 | 8,587,000 |
Short-term investments | US$ in thousands | 10,346,000 | 9,857,000 | 11,956,000 | 13,921,000 | 16,023,000 | 15,244,000 | 13,052,000 | 12,492,000 | 12,188,000 | 13,156,000 | 14,382,000 | 15,727,000 | 15,343,000 | 16,229,000 | 18,795,000 | 19,190,000 | 17,610,000 | 18,208,000 | 18,587,000 | 19,448,000 |
Total current liabilities | US$ in thousands | 40,584,000 | 40,108,000 | 30,851,000 | 27,035,000 | 31,309,000 | 28,719,000 | 27,252,000 | 24,896,000 | 25,640,000 | 24,150,000 | 25,915,000 | 23,238,000 | 26,257,000 | 24,262,000 | 27,268,000 | 26,991,000 | 25,331,000 | 25,937,000 | 22,088,000 | 24,597,000 |
Cash ratio | 0.44 | 0.47 | 0.83 | 0.87 | 0.84 | 0.81 | 0.81 | 0.79 | 0.75 | 0.83 | 0.81 | 1.00 | 0.93 | 0.97 | 1.12 | 1.11 | 1.16 | 1.10 | 1.23 | 1.14 |
July 27, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,508,000K
+ $10,346,000K)
÷ $40,584,000K
= 0.44
The cash ratio of Cisco Systems Inc has shown some fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Looking at the data provided, the cash ratio ranged from 0.44 to 1.23 over the last few quarters. Generally, a higher cash ratio indicates a stronger ability to cover short-term obligations.
In the most recent quarter, the cash ratio was 0.44, which indicates that Cisco Systems Inc had $0.44 in cash and cash equivalents for every $1 of short-term liabilities. This suggests a lower level of liquidity compared to the previous quarters.
It's important to note that a very high cash ratio may also indicate an inefficient use of resources, as excess cash is not being utilized for investments or operations.
Overall, while the cash ratio of Cisco Systems Inc has shown some variability, it is essential to consider other financial metrics and factors in conjunction with the cash ratio to get a comprehensive understanding of the company's financial health and liquidity position.
Peer comparison
Jul 27, 2024