Sprinklr Inc (CXM)

Quick 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	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021
Cash	US$ in thousands	164,024	172,462	147,683	186,244	188,387	156,025	154,208	131,819	321,426	522,386	433,990
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	-1,739	-967	-201	-379	-3,156	-3,900	-4,200	-2,800	-2,700	-3,000	-2,700
Total current liabilities	US$ in thousands	508,160	398,592	423,403	428,581	458,899	368,497	392,190	379,567	395,050	311,207	301,555
Quick ratio		0.32	0.43	0.35	0.43	0.40	0.41	0.38	0.34	0.81	1.67	1.43

January 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($164,024K + $—K + $-1,739K) ÷ $508,160K
= 0.32

The quick ratio, also known as the acid-test ratio, indicates a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 suggests that the company may have difficulty covering its short-term liabilities with its current assets.

Sprinklr Inc's quick ratio has fluctuated over the periods provided in the table. The quick ratio was lowest at 0.32 as of January 31, 2024, which indicates a weaker liquidity position compared to previous periods. This suggests that the company may have had difficulties meeting its short-term obligations with its liquid assets at that point in time.

On the other hand, the quick ratio was highest at 1.67 as of October 31, 2021, and significantly above 1 which is considered healthy. This indicates that the company had a strong ability to cover its short-term liabilities with its quick assets during that period.

Overall, the quick ratio trend for Sprinklr Inc shows variability, with some periods indicating stronger liquidity positions than others. It is important for investors and stakeholders to carefully analyze the company's liquidity position over time to assess its short-term financial health.