Cisco Systems Inc (CSCO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 10,023,000 | 8,570,000 | 8,360,000 | 8,247,000 | 9,252,000 | 8,502,000 | 8,757,000 | 9,122,000 | 10,505,000 | 9,587,000 | 9,997,000 | 9,376,000 | 10,146,000 | -110,000 | 9,334,000 | 9,085,000 | 10,523,000 | 9,272,000 | 9,157,000 | 9,904,000 |
| 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 |
| Quick ratio | 0.69 | 0.68 | 1.10 | 1.18 | 1.13 | 1.11 | 1.13 | 1.16 | 1.16 | 1.23 | 1.20 | 1.41 | 1.32 | 0.97 | 1.46 | 1.45 | 1.58 | 1.46 | 1.64 | 1.54 |
July 27, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,508,000K
+ $10,346,000K
+ $10,023,000K)
÷ $40,584,000K
= 0.69
The quick ratio of Cisco Systems Inc has shown some fluctuations over the past several quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
From the data provided, we observe that the quick ratio has varied between 0.68 and 1.64. In general, a quick ratio above 1 indicates that a company has enough liquid assets to cover its current liabilities.
In the most recent quarter, the quick ratio was 0.69, which suggests that Cisco may have had difficulties meeting its short-term obligations with its quick assets alone. However, it's important to consider industry benchmarks and compare this ratio to Cisco's historical performance for a more accurate assessment.
Over the past several quarters, the quick ratio has generally been above 1, indicating a relatively healthy liquidity position for Cisco. The company seems to have maintained a strong ability to cover its short-term obligations with its quick assets, although there was a significant drop in the quick ratio in the quarter ending July 31, 2021.
Overall, while the recent quick ratio of Cisco Systems Inc is below 1, suggesting potential liquidity challenges, a longer-term trend analysis shows a generally stable and healthy liquidity position. It would be important to monitor future trends in the quick ratio to assess the company's ongoing ability to meet its short-term financial obligations.
Peer comparison
Jul 27, 2024