Palo Alto Networks Inc (PANW)

Quick ratio

Jul 31, 2025 Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021
Cash US$ in thousands 2,268,600 1,535,200 1,135,300 2,118,500 1,874,200
Short-term investments US$ in thousands 634,600 1,043,600 1,254,700 1,516,000 1,026,900
Receivables US$ in thousands 3,679,600 3,344,500 2,852,000 2,142,500 1,240,400
Total current liabilities US$ in thousands 7,988,000 7,682,700 7,737,500 8,306,300 5,116,700
Quick ratio 0.82 0.77 0.68 0.70 0.81

July 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,268,600K + $634,600K + $3,679,600K) ÷ $7,988,000K
= 0.82

The quick ratio of Palo Alto Networks Inc. has exhibited notable fluctuations over the specified period from July 31, 2021, to July 31, 2025. In July 2021, the company's quick ratio stood at 0.81, indicating that its most liquid assets (excluding inventories) were sufficient to cover approximately 81% of its current liabilities. This ratio declined to 0.70 by July 31, 2022, reflecting a marginal reduction in liquidity or an increase in current liabilities relative to liquid assets. The trend continued into July 31, 2023, with the quick ratio decreasing further to 0.68, suggesting a slight erosion of liquidity position within that year.

Subsequently, there was an improvement observed culminating in July 31, 2024, when the quick ratio increased to 0.77, signaling enhanced short-term liquidity. The most recent data point on July 31, 2025, shows a further increase in the quick ratio to 0.82, indicating an improved capacity to meet short-term obligations with liquid assets. Overall, despite initial decreases early in the period, the company's quick ratio demonstrated a positive trend towards the latter years, approaching closer to 1.00, which suggests an increasingly robust liquidity position as of mid-2025.


See also:

Palo Alto Networks Inc Quick Ratio