Keysight Technologies Inc (KEYS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,215,000 | 2,935,000 | 2,824,000 |
| 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 |
| Current ratio | 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 | 3.21 | 2.05 | 1.90 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,076,000K ÷ $2,116,000K
= 1.93
Keysight Technologies Inc's current ratio has shown fluctuations over the past eight quarters, ranging from a low of 1.93 in Q1 2024 to a high of 3.66 in Q3 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, suggesting that the company has more current assets relative to its current liabilities.
Overall, Keysight's current ratio has generally been above 2 over the past two years, indicating a healthy liquidity position. The company's current ratio peaked in Q3 2023, indicating a significant increase in current assets relative to current liabilities. However, the current ratio decreased in the most recent quarter, Q1 2024, which may suggest a slight decline in liquidity compared to the previous quarter.
It is important for investors and stakeholders to monitor changes in the current ratio over time to assess the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Jan 31, 2024