Keysight Technologies Inc (KEYS)
Quick ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,796,000 | 2,472,000 | 2,042,000 | 2,052,000 | 1,756,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 52,000 |
| Receivables | US$ in thousands | 1,032,000 | 983,000 | 954,000 | 765,000 | 659,000 |
| Total current liabilities | US$ in thousands | 1,427,000 | 2,049,000 | 1,407,000 | 1,309,000 | 1,081,000 |
| Quick ratio | 1.98 | 1.69 | 2.13 | 2.15 | 2.28 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,796,000K
+ $—K
+ $1,032,000K)
÷ $1,427,000K
= 1.98
The quick ratio measures the ability of a company to meet its short-term obligations with its most liquid assets. For Keysight Technologies Inc, the quick ratio has fluctuated over the past five years.
In 2024, the quick ratio stands at 1.98, indicating that the company has $1.98 in easily convertible assets for every $1 of its current liabilities. Despite being slightly lower than the previous year, this indicates that Keysight Technologies Inc still has a strong ability to cover its short-term obligations.
Looking at the trend over the past five years, the quick ratio has generally been above 1, demonstrating that the company has consistently had more than enough liquid assets to cover its short-term liabilities. This suggests a healthy liquidity position and financial stability for Keysight Technologies Inc.
However, it is worth noting that the quick ratio has shown some variability year over year. This could be due to changes in the company's operating cycle or shifts in its current asset composition. It's important for investors and stakeholders to monitor these fluctuations to assess the company's liquidity position accurately. Overall, the quick ratio of Keysight Technologies Inc highlights a generally strong liquidity position over the years.
Peer comparison
Oct 31, 2024