Keysight Technologies Inc (KEYS)
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 | 4,257,000 | 3,996,000 | 3,968,000 | 4,076,000 | 4,809,000 | 4,902,000 | 4,764,000 | 4,498,000 | 4,234,000 | 3,961,000 | 3,886,000 | 3,808,000 | 3,834,000 | 3,829,000 | 3,718,000 | 3,566,000 | 3,374,000 | 3,278,000 | 3,293,000 | 3,326,000 |
| 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 |
| Current ratio | 2.98 | 2.05 | 1.99 | 1.93 | 2.35 | 3.66 | 3.35 | 3.07 | 3.01 | 3.02 | 2.86 | 3.03 | 2.93 | 3.19 | 2.89 | 3.17 | 3.12 | 3.34 | 3.47 | 3.39 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,257,000K ÷ $1,427,000K
= 2.98
The current ratio of Keysight Technologies Inc has shown fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From January 2020 to October 2021, the current ratio consistently remained above 3, indicating a healthy liquidity position. However, from January 2022 to April 2024, the current ratio declined, reaching its lowest point of 1.93 in January 2024. This suggests a potential strain on the company's ability to cover short-term obligations with its current assets during this period.
Subsequently, there was an improvement in the current ratio from July 2024 to October 2024, with the ratio increasing to 2.98. This increase indicates a better ability to cover short-term obligations as compared to the preceding quarters. It is important to monitor the trend of the current ratio in future quarters to assess whether the improvement is sustainable.
Overall, while the current ratio of Keysight Technologies Inc has shown variability, the recent increase to 2.98 in October 2024 suggests a strengthening liquidity position, which may be a positive indicator for the company's short-term financial health.
Peer comparison
Oct 31, 2024