Keysight Technologies Inc (KEYS)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,796,000 | 1,632,000 | 1,657,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 68,000 | 65,000 | — | 52,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,427,000 | 1,949,000 | 1,994,000 | 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 |
| Cash ratio | 1.26 | 0.84 | 0.83 | 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 |
October 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,796,000K
+ $—K)
÷ $1,427,000K
= 1.26
The cash ratio of Keysight Technologies Inc has fluctuated over the past few years, indicating varying levels of liquidity. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests a stronger ability to meet short-term obligations.
The cash ratio ranged from a low of 0.82 in January 2024 to a high of 1.94 in January 2020. The highest cash ratio in the dataset was recorded in January 2020, indicating a high level of liquidity at that time. The cash ratio saw a significant decrease in July 2023, dropping to 1.21, which was the lowest point in the dataset.
Overall, Keysight Technologies Inc has maintained relatively healthy cash ratios over the period analyzed, with the majority of values above 1. This suggests that the company has generally had sufficient cash reserves to cover its short-term obligations. However, fluctuations in the cash ratio should be monitored, as they could indicate changes in the company's liquidity position.
Peer comparison
Oct 31, 2024