Keysight Technologies Inc (KEYS)
Cash 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 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,745,000 | 2,472,000 | 2,572,000 | 2,498,000 | 2,228,000 | 2,042,000 | 1,847,000 | 1,886,000 | 1,977,000 | 2,052,000 | 2,153,000 | 1,993,000 | 1,887,000 | 1,756,000 | 1,697,000 | 1,841,000 | 1,691,000 | 1,598,000 | 1,394,000 | 1,277,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 68,000 | 65,000 | — | 52,000 | — | — | — | 37,000 | — | — |
| Total current liabilities | US$ in thousands | 2,116,000 | 2,049,000 | 1,338,000 | 1,422,000 | 1,465,000 | 1,407,000 | 1,312,000 | 1,360,000 | 1,257,000 | 1,309,000 | 1,199,000 | 1,288,000 | 1,124,000 | 1,081,000 | 980,000 | 949,000 | 982,000 | 1,003,000 | 1,432,000 | 1,485,000 |
| Cash ratio | 0.82 | 1.21 | 1.92 | 1.76 | 1.52 | 1.45 | 1.41 | 1.39 | 1.57 | 1.57 | 1.85 | 1.60 | 1.68 | 1.67 | 1.73 | 1.94 | 1.72 | 1.63 | 0.97 | 0.86 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,745,000K
+ $—K)
÷ $2,116,000K
= 0.82
The cash ratio of Keysight Technologies Inc has exhibited some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In Q2 2023, the cash ratio reached its highest point at 2.27, suggesting the company had more than enough cash to cover its short-term liabilities at that time. However, this ratio decreased in subsequent quarters, indicating a potential decrease in available cash relative to short-term obligations.
Overall, Keysight Technologies Inc has maintained a relatively healthy cash position, with the cash ratio consistently above 1.0 in all quarters, indicating that the company has had sufficient cash on hand to cover its short-term obligations throughout the analyzed period. However, the downward trend in the cash ratio should be monitored for potential liquidity concerns in the future.
Peer comparison
Jan 31, 2024