Cisco Systems Inc (CSCO)

Current 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
Total current assets	US$ in thousands	36,862,000	35,886,000	42,127,000	39,659,000	43,348,000	39,950,000	38,515,000	36,141,000	36,717,000	35,981,000	36,799,000	37,588,000	39,112,000	37,060,000	43,911,000	42,989,000	43,573,000	41,307,000	40,053,000	41,716,000
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
Current ratio		0.91	0.89	1.37	1.47	1.38	1.39	1.41	1.45	1.43	1.49	1.42	1.62	1.49	1.53	1.61	1.59	1.72	1.59	1.81	1.70

July 27, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $36,862,000K ÷ $40,584,000K
= 0.91

The current ratio of Cisco Systems Inc over the past few quarters has exhibited fluctuations. The current ratio provides insight into the company's ability to cover its short-term liabilities with its current assets.

In the most recent quarter, the current ratio was 0.91, indicating that Cisco may have had difficulty meeting its short-term obligations with its current assets. However, looking at the trend over the past few quarters, the current ratio has generally been above 1, suggesting that the company has typically had more than enough current assets to cover its current liabilities.

It is worth noting that the current ratio decreased from 1.81 in the first quarter of 2020 to 0.91 in the most recent quarter, indicating a potential decline in the company's short-term liquidity position. Investors and analysts may want to further investigate the reasons behind this decrease and assess the implications for Cisco's financial health and operational efficiency.