Cisco Systems Inc (CSCO)
Quick 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 | 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 |
| Receivables | US$ in thousands | 6,701,000 | 8,235,000 | 8,743,000 | 7,580,000 | 10,023,000 | 10,023,000 | 8,570,000 | 8,570,000 | 8,360,000 | 8,360,000 | 8,247,000 | 8,247,000 | 9,206,000 | 9,252,000 | 8,506,000 | 8,502,000 | 8,794,000 | 8,757,000 | 9,122,000 | 9,122,000 |
| 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 |
| Quick ratio | 0.65 | 0.69 | 0.64 | 0.65 | 0.69 | 0.69 | 0.68 | 0.68 | 1.10 | 1.10 | 1.18 | 1.18 | 1.13 | 1.13 | 1.11 | 1.11 | 1.13 | 1.13 | 1.16 | 1.16 |
July 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,346,000K
+ $7,764,000K
+ $6,701,000K)
÷ $35,064,000K
= 0.65
The quick ratio of Cisco Systems Inc. has generally demonstrated stability over the observed periods, maintaining a value close to 1.1 through most of 2022 and 2023. From October 2022 to October 2023, the ratio varied modestly between 1.11 and 1.18, indicating a consistent liquidity position where the company's most liquid assets readily cover its current liabilities.
However, a notable decline is observed beginning in the first quarter of 2024. Specifically, in April 2024, the quick ratio drops sharply to 0.68 and remains at similar levels through July 2024, signaling a substantial decrease in liquidity relative to current liabilities. This decline suggests a marked reduction in the availability of liquid assets compared to short-term obligations.
Subsequently, the ratio slightly recovers by the end of 2024 and into 2025, rising to approximately 0.65–0.69. Despite this partial rebound, the ratios remain below the critical threshold of 1.0, implying potential concerns regarding the company's short-term liquidity and ability to meet immediate liabilities without relying on inventory or other less liquid assets.
Overall, the data indicates that Cisco Systems' quick ratio experienced a period of stability near 1.1 over the first part of the period, followed by a significant deterioration post-April 2024, with a partial recovery but remaining below the 1.0 level in the more recent periods.
Peer comparison
Jul 31, 2025