Guidewire Software Inc (GWRE)
Current ratio
| 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 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,637,290 | 1,295,530 | 1,081,510 | 1,060,630 | 976,798 | 1,099,600 | 1,006,500 | 1,006,260 | 943,556 | 1,252,700 | 1,056,270 | 1,077,580 | 1,080,660 | 1,355,280 | 1,307,950 | 1,368,960 | 1,349,100 | 1,343,220 | 1,224,300 | 1,247,980 |
| Total current liabilities | US$ in thousands | 615,237 | 837,635 | 704,807 | 307,076 | 262,375 | 373,261 | 275,428 | 275,209 | 252,764 | 337,518 | 237,098 | 231,151 | 204,165 | 300,314 | 214,297 | 210,723 | 185,623 | 225,198 | 176,717 | 182,586 |
| Current ratio | 2.66 | 1.55 | 1.53 | 3.45 | 3.72 | 2.95 | 3.65 | 3.66 | 3.73 | 3.71 | 4.45 | 4.66 | 5.29 | 4.51 | 6.10 | 6.50 | 7.27 | 5.96 | 6.93 | 6.84 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,637,290K ÷ $615,237K
= 2.66
Guidewire Software Inc's current ratio has exhibited fluctuations over the periods provided. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From January 31, 2020, to October 31, 2020, the current ratio showed a generally increasing trend, reaching a peak of 7.27. This suggests that the company had a strong ability to cover its short-term liabilities with current assets during this period.
However, from January 31, 2021, to July 31, 2021, there was a notable decline in the current ratio, dropping to 4.51. This indicates a potential strain on the company's liquidity and ability to meet short-term obligations.
Subsequently, from October 31, 2021, to April 30, 2024, the current ratio continued to decrease steadily, hitting a low of 1.53 on April 30, 2024. This sharp decline suggests a significant deterioration in the company's liquidity position and its ability to cover short-term obligations.
Overall, Guidewire Software Inc's current ratio has displayed volatility and decreasing trends, raising concerns about its short-term liquidity position and ability to meet immediate financial obligations.
Peer comparison
Oct 31, 2024