Keysight Technologies Inc (KEYS)
Current ratio
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,809,000 | 4,234,000 | 3,834,000 | 3,374,000 | 3,215,000 |
| Total current liabilities | US$ in thousands | 2,049,000 | 1,407,000 | 1,309,000 | 1,081,000 | 1,003,000 |
| Current ratio | 2.35 | 3.01 | 2.93 | 3.12 | 3.21 |
October 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,809,000K ÷ $2,049,000K
= 2.35
The current ratio of Keysight Technologies Inc has displayed some fluctuation over the past five years. The current ratio decreased from 3.21 in 2019 to 3.12 in 2020, reflecting a slight deterioration in short-term liquidity. However, the ratio subsequently increased to 2.93 in 2021 and further to 3.01 in 2022, indicating an improvement in the company's ability to meet its short-term obligations.
It's worth noting that in the most recent fiscal year (as of October 31, 2023), the current ratio stands at 2.35, representing a decrease compared to the previous two years. Although the ratio remains above 2, which is often considered a satisfactory level of liquidity, this downward trend may warrant further attention to assess any potential impact on the company's ability to cover its short-term liabilities.
Overall, while the current ratio of Keysight Technologies Inc has exhibited some variability, it generally indicates a healthy level of short-term liquidity. However, investors and stakeholders may want to monitor any further changes in the current ratio to evaluate the company's ongoing ability to manage its current obligations.
Peer comparison
Oct 31, 2023