Keysight Technologies Inc (KEYS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,796,000 | 1,632,000 | 1,657,000 | 1,745,000 | 2,472,000 | 2,572,000 | 2,498,000 | 2,228,000 | 2,042,000 | 1,847,000 | 1,886,000 | 1,977,000 | 2,052,000 | 2,153,000 | 1,993,000 | 1,887,000 | 1,756,000 | 1,697,000 | 1,841,000 | 1,691,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 68,000 | 65,000 | — | 52,000 | — | — | — |
| Receivables | US$ in thousands | 1,032,000 | 802,000 | 809,000 | 808,000 | 983,000 | 893,000 | 864,000 | 920,000 | 954,000 | 882,000 | 803,000 | 708,000 | 765,000 | 677,000 | 676,000 | 654,000 | 659,000 | 569,000 | 485,000 | 670,000 |
| 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 |
| Quick ratio | 1.98 | 1.25 | 1.24 | 1.21 | 1.69 | 2.59 | 2.36 | 2.15 | 2.13 | 2.08 | 1.98 | 2.14 | 2.15 | 2.42 | 2.12 | 2.26 | 2.28 | 2.31 | 2.45 | 2.40 |
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 of Keysight Technologies Inc has shown fluctuations over the past few years, ranging from 1.21 to 2.59. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In the most recent period, as of October 31, 2024, the quick ratio stands at 1.98, indicating that the company has $1.98 of quick assets available to cover $1 of current liabilities. This suggests that Keysight Technologies Inc has a healthy level of liquidity to meet its short-term obligations.
While the quick ratio has shown some variability over time, generally staying above 1.0, it demonstrates that the company is able to cover its short-term liabilities comfortably with its quick assets. However, stakeholders should continue to monitor the quick ratio over time to ensure that the company maintains sufficient liquidity for its operations.
Overall, based on the quick ratio trend, Keysight Technologies Inc appears to have a strong liquidity position, which is a positive indicator for its financial health and ability to meet its short-term financial obligations.
Peer comparison
Oct 31, 2024