Dell Technologies Inc (DELL)
Cash ratio
| Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,550,000 | 5,830,000 | 7,366,000 | 8,298,000 | 8,364,000 | 7,631,000 | 8,607,000 | 4,909,000 | 5,507,000 | 6,654,000 | 9,477,000 | 22,406,000 | 11,719,000 | 14,244,000 | 9,508,000 | 11,304,000 | 11,221,000 | 12,229,000 | 9,302,000 | 8,555,000 |
| Short-term investments | US$ in thousands | 4,000 | 10,000 | 10,000 | 5,000 | 5,000 | 200,000 | 33,000 | 50,000 | 25,000 | 61,000 | 86,000 | 155,000 | 299,000 | 327,000 | 449,000 | 553,000 | 1,000 | 974,000 | 12,000 | — |
| Total current liabilities | US$ in thousands | 52,033,000 | 47,734,000 | 48,494,000 | 48,877,000 | 50,942,000 | 46,825,000 | 51,654,000 | 52,007,000 | 54,789,000 | 53,059,000 | 56,219,000 | 69,702,000 | 55,483,000 | 54,856,000 | 54,132,000 | 50,302,000 | 54,288,000 | 50,011,000 | 52,456,000 | 49,055,000 |
| Cash ratio | 0.09 | 0.12 | 0.15 | 0.17 | 0.16 | 0.17 | 0.17 | 0.10 | 0.10 | 0.13 | 0.17 | 0.32 | 0.22 | 0.27 | 0.18 | 0.24 | 0.21 | 0.26 | 0.18 | 0.17 |
August 2, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,550,000K
+ $4,000K)
÷ $52,033,000K
= 0.09
The cash ratio of Dell Technologies Inc has fluctuated over the periods provided. A cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents.
Dell's cash ratio ranged between 0.09 and 0.32 during the timeframe. A low cash ratio indicates that the company may have difficulty meeting its short-term obligations if they all came due at once. Alternatively, a high cash ratio suggests that the company may be holding too much cash that could be invested in more profitable ventures.
Based on the data, Dell's cash ratio generally remained below 0.2, indicating a relatively lower level of cash compared to its current liabilities. However, there was a significant spike in the cash ratio to 0.32 on Jan 28, 2022, suggesting a temporary boost in cash reserves at that point in time.
Overall, it is essential for investors to consider Dell's cash ratio in conjunction with other financial metrics to gain a holistic view of the company's financial health and liquidity position.
Peer comparison
Aug 2, 2024