Sprinklr Inc (CXM)
Cash ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 164,024 | 172,462 | 147,683 | 186,244 | 188,387 | 156,025 | 154,208 | 131,819 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 508,160 | 398,592 | 423,403 | 428,581 | 458,899 | 368,497 | 392,190 | 379,567 |
| Cash ratio | 0.32 | 0.43 | 0.35 | 0.43 | 0.41 | 0.42 | 0.39 | 0.35 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($164,024K
+ $—K)
÷ $508,160K
= 0.32
The cash ratio of Sprinklr Inc has exhibited fluctuations over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Looking at the trend in Sprinklr Inc's cash ratio, we can see that it has varied between 0.32 and 1.68 over the past eleven quarters. The company's cash ratio reached its peak at 1.68 in October 2021, indicating a robust liquidity position at that time. However, the cash ratio has steadily declined since then, with the latest reported ratio for January 2024 standing at 0.32.
This downward trend in the cash ratio may indicate a decrease in the company's ability to cover its short-term liabilities solely with its cash and cash equivalents. It is essential for investors and stakeholders to monitor this ratio closely as it provides insights into the company's liquidity position and ability to meet its financial obligations in the short term.
Peer comparison
Jan 31, 2024