DocuSign Inc (DOCU)

Cash ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Cash and cash equivalents	US$ in thousands	648,623	610,870	619,064	817,388	797,060	1,188,580	1,017,780	940,494	721,895	632,620	637,186	638,190	509,059	503,884	518,577	518,972	566,055	374,984	404,262	442,237
Short-term investments	US$ in thousands	314,924	331,506	319,289	269,400	248,402	401,639	426,271	350,763	309,771	342,730	357,539	329,425	293,763	314,574	304,292	261,660	207,450	223,590	269,777	315,712
Total current liabilities	US$ in thousands	1,831,910	1,598,770	1,607,300	1,604,960	1,660,620	2,189,220	2,233,960	2,195,460	2,208,320	1,449,530	1,402,240	1,343,720	1,371,640	1,260,370	1,209,630	1,097,910	1,093,170	923,100	854,038	729,590
Cash ratio		0.53	0.59	0.58	0.68	0.63	0.73	0.65	0.59	0.47	0.67	0.71	0.72	0.59	0.65	0.68	0.71	0.71	0.65	0.79	1.04

January 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($648,623K + $314,924K) ÷ $1,831,910K
= 0.53

The cash ratio of DocuSign Inc has fluctuated over the past few years based on the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.

From January 2025 to April 2020, the cash ratio has ranged from a high of 1.04 to a low of 0.47. This indicates that in April 2020, the company had enough cash to cover all its current liabilities, while in January 2025, the company had cash equivalent to only 53% of its current liabilities.

The cash ratio experienced a slight increase in the most recent periods, with the ratio standing at 0.59 in October 2024 and 0.53 in January 2025. This uptick may suggest an improvement in the company's liquidity position compared to the previous period.

Overall, the trend in DocuSign Inc's cash ratio indicates fluctuations in the company's ability to cover its short-term obligations with its available cash. It is important for investors and stakeholders to monitor this ratio to assess the company's liquidity position and financial health.