Keysight Technologies Inc (KEYS)

Quick ratio

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Cash	US$ in thousands	2,472,000	2,042,000	2,052,000	1,756,000	1,598,000
Short-term investments	US$ in thousands	—	—	—	52,000	37,000
Receivables	US$ in thousands	983,000	954,000	765,000	659,000	708,000
Total current liabilities	US$ in thousands	2,049,000	1,407,000	1,309,000	1,081,000	1,003,000
Quick ratio		1.69	2.13	2.15	2.28	2.34

October 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,472,000K + $—K + $983,000K) ÷ $2,049,000K
= 1.69

The quick ratios of Keysight Technologies Inc over the past five years indicate the company's ability to meet its short-term obligations with its most liquid assets. The quick ratio has shown a declining trend from 2.50 in 2019 to 1.87 in 2023. This may suggest a slight decrease in the company's ability to cover its current liabilities with its quick assets alone. However, it is important to note that the quick ratios for each year are above 1, indicating that the company has sufficient quick assets to cover its current liabilities. This implies that Keysight Technologies Inc has maintained a strong ability to meet its short-term financial commitments using its liquid assets, despite the slight decrease in the quick ratio over the years.