Sprinklr Inc (CXM)
Current ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,000,980 | 862,529 | 805,257 |
| Total current liabilities | US$ in thousands | 508,160 | 458,899 | 395,050 |
| Current ratio | 1.97 | 1.88 | 2.04 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,000,980K ÷ $508,160K
= 1.97
The current ratio of Sprinklr Inc has exhibited slight fluctuations over the past three fiscal years. As of January 31, 2024, the current ratio stands at 1.97, indicating a moderate decrease from the previous year's ratio of 1.88. However, when compared to the ratio of 2.04 reported in January 31, 2022, there has been a noticeable decline in liquidity position.
A current ratio above 1 suggests that Sprinklr Inc has more current assets than current liabilities, indicating the company's ability to meet its short-term obligations. While a current ratio of 1.97 is generally considered acceptable, the downward trend observed from the prior year warrants further scrutiny.
The slight decline in the current ratio could be a result of various factors, such as changes in the composition of current assets or liabilities, shifts in the company's operational efficiency, or variations in financial management practices. It is important for stakeholders to monitor this trend closely to ensure that Sprinklr Inc maintains a healthy liquidity position to meet its short-term financial obligations effectively.
Peer comparison
Jan 31, 2024