DocuSign Inc (DOCU)

Quick 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	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
Receivables	US$ in thousands	429,582	300,444	309,885	306,152	439,299	360,456	414,740	408,632	516,914	422,612	339,528	300,872	440,950	305,599	284,730	250,365	323,570	261,085	224,502	220,602
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
Quick ratio		0.76	0.78	0.78	0.87	0.89	0.89	0.83	0.77	0.70	0.96	0.95	0.94	0.91	0.89	0.92	0.94	1.00	0.93	1.05	1.34

January 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($648,623K + $314,924K + $429,582K) ÷ $1,831,910K
= 0.76

The quick ratio of DocuSign Inc has fluctuated over the years based on the provided data. The quick ratio measures the company's ability to meet short-term liabilities with its most liquid assets.

From April 30, 2020, to July 31, 2021, the quick ratio ranged from 1.34 to 0.92, indicating a healthy ability to cover short-term obligations. However, from October 31, 2021, to January 31, 2025, the quick ratio fluctuated between 0.70 and 0.96.

A quick ratio below 1 may indicate potential liquidity issues as the company may have difficulty meeting its short-term obligations without relying on inventory or other less liquid assets. It is important for DocuSign to closely monitor and manage its liquidity position to ensure it can efficiently meet its financial obligations and operational needs.