ServiceNow Inc (NOW)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,187,000 | 7,696,000 | 8,021,000 | 7,372,000 | 7,777,000 | 6,046,000 | 6,603,000 | 6,734,000 | 6,654,000 | 5,476,000 | 5,332,000 | 5,442,000 | 5,220,000 | 4,288,000 | 4,225,000 | 4,524,000 | 4,522,000 | 3,966,880 | 3,337,120 | 2,805,860 |
| Total current liabilities | US$ in thousands | 8,358,000 | 6,786,000 | 7,172,000 | 7,033,000 | 7,365,000 | 5,601,000 | 5,767,000 | 5,761,000 | 6,005,000 | 4,432,000 | 4,743,000 | 4,852,000 | 4,949,000 | 3,792,000 | 3,908,000 | 3,664,000 | 3,737,000 | 2,835,950 | 2,848,870 | 2,721,060 |
| Current ratio | 1.10 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 1.17 | 1.11 | 1.24 | 1.12 | 1.12 | 1.05 | 1.13 | 1.08 | 1.23 | 1.21 | 1.40 | 1.17 | 1.03 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,187,000K ÷ $8,358,000K
= 1.10
The current ratio of ServiceNow Inc has shown some fluctuations over the analyzed period. Initially starting at 1.03 on March 31, 2020, the ratio increased gradually to reach its peak of 1.40 on September 30, 2020. However, it started to decline thereafter, dropping to 1.05 by December 31, 2021. The ratio fluctuated within a relatively narrow range between 1.08 and 1.24 until December 31, 2024, where it stood at 1.10. Overall, the current ratio indicates that ServiceNow Inc has generally maintained a healthy level of current assets relative to its current liabilities, providing assurance of its short-term liquidity position.
Peer comparison
Dec 31, 2024