Keysight Technologies Inc (KEYS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 1,598,000 | 1,394,000 | 1,277,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 68,000 | 65,000 | — | 52,000 | — | — | — | 37,000 | — | — |
| Receivables | US$ in thousands | 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 | 708,000 | 618,000 | 660,000 |
| 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 |
| Quick ratio | 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 | 2.34 | 1.41 | 1.30 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,745,000K
+ $—K
+ $808,000K)
÷ $2,116,000K
= 1.21
The Quick Ratio of Keysight Technologies Inc has been fluctuating over the past eight quarters, ranging from 1.44 to 2.93. The Quick Ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio above 1 indicates that the company can cover its current liabilities with its quick assets.
In Q3 2023 and Q2 2023, the Quick Ratio was notably higher at 2.93 and 2.68, respectively, indicating that the company had a strong ability to cover its short-term liabilities with its liquid assets during those periods. This may suggest efficient management of current assets and liabilities and a lower liquidity risk.
On the other hand, the Quick Ratio decreased in Q1 2024 compared to the previous quarters, which could indicate a potential decrease in the company's ability to cover its short-term obligations with its quick assets. However, a Quick Ratio of 1.44 still indicates that the company is able to meet its current liabilities.
Overall, the trend of the Quick Ratio for Keysight Technologies Inc shows fluctuations but generally remains above 1, indicating a solid ability to cover short-term obligations with liquid assets across the quarters analyzed.
Peer comparison
Jan 31, 2024