Oracle Corporation (ORCL)
Quick ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 10,454,000 | 9,481,000 | 8,244,000 | 11,613,000 | 9,765,000 | 8,219,000 | 6,813,000 | 10,448,000 | 21,383,000 | 22,682,000 | 17,938,000 | 23,059,000 | 30,098,000 | 22,321,000 | 28,001,000 | 27,276,000 | 37,239,000 | 23,829,000 | 24,540,000 | 31,083,000 |
| Short-term investments | US$ in thousands | 207,000 | 423,000 | 446,000 | 470,000 | 422,000 | 550,000 | 537,000 | 772,000 | 519,000 | 707,000 | 4,900,000 | 16,251,000 | 16,456,000 | 13,543,000 | 10,592,000 | 15,003,000 | 5,818,000 | 2,029,000 | 2,904,000 | 4,621,000 |
| Receivables | US$ in thousands | 7,874,000 | 7,297,000 | 6,804,000 | 6,519,000 | 6,915,000 | 6,213,000 | 6,197,000 | 5,937,000 | 5,953,000 | 4,588,000 | 4,462,000 | 4,482,000 | 5,409,000 | 4,637,000 | 4,423,000 | 4,576,000 | 5,551,000 | 4,162,000 | 4,050,000 | 3,820,000 |
| Total current liabilities | US$ in thousands | 31,544,000 | 24,885,000 | 24,407,000 | 25,357,000 | 23,090,000 | 22,880,000 | 27,106,000 | 34,819,000 | 19,511,000 | 20,833,000 | 18,881,000 | 23,071,000 | 24,164,000 | 20,250,000 | 21,347,000 | 18,748,000 | 17,200,000 | 15,740,000 | 14,592,000 | 18,875,000 |
| Quick ratio | 0.59 | 0.69 | 0.63 | 0.73 | 0.74 | 0.65 | 0.50 | 0.49 | 1.43 | 1.34 | 1.45 | 1.90 | 2.15 | 2.00 | 2.02 | 2.50 | 2.83 | 1.91 | 2.16 | 2.09 |
May 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($10,454,000K
+ $207,000K
+ $7,874,000K)
÷ $31,544,000K
= 0.59
The quick ratio of Oracle Corporation has exhibited some fluctuations over the past few reporting periods. The ratio stood at 0.59 as of May 31, 2024, indicating that for every dollar of current liabilities, the company had $0.59 of liquid assets to cover those obligations. This represents a decrease from the previous period where the quick ratio was 0.69 on February 29, 2024.
Looking at historical data, the quick ratio has generally been above 1.0, suggesting that Oracle has had a comfortable level of liquid assets to cover short-term liabilities. It is noteworthy that the quick ratio spiked to 2.83 as of August 31, 2020, indicating a significant increase in liquidity at that point in time.
Overall, the trend in Oracle Corporation's quick ratio suggests fluctuations in its short-term liquidity position. Investors and analysts may need to closely monitor this ratio in future periods to assess the company's ability to meet its immediate financial obligations.
Peer comparison
May 31, 2024