Cisco Systems Inc (CSCO)
Quick ratio
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,508,000 | 7,508,000 | 10,123,000 | 10,123,000 | 7,079,000 |
| Short-term investments | US$ in thousands | 10,346,000 | 10,346,000 | 16,023,000 | 16,023,000 | 12,188,000 |
| Receivables | US$ in thousands | — | 10,023,000 | — | 9,252,000 | — |
| Total current liabilities | US$ in thousands | 40,584,000 | 40,584,000 | 31,309,000 | 31,309,000 | 25,640,000 |
| Quick ratio | 0.44 | 0.69 | 0.84 | 1.13 | 0.75 |
July 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,508,000K
+ $10,346,000K
+ $—K)
÷ $40,584,000K
= 0.44
The quick ratio of Cisco Systems Inc, a key liquidity metric, has fluctuated over the past five reporting periods. Starting at 0.75 on July 31, 2022, it improved to 1.13 by July 29, 2023, indicating a better ability to meet short-term obligations with liquid assets. However, the ratio declined to 0.84 on July 31, 2023, and further dropped to 0.69 on July 27, 2024. Most recently, on July 31, 2024, the quick ratio significantly decreased to 0.44, suggesting a potential challenge in meeting current liabilities with quick assets alone. This trend may indicate a decreased ability to cover short-term obligations efficiently, warranting further investigation into the company's liquidity management strategies.
Peer comparison
Jul 31, 2024