Palo Alto Networks Inc (PANW)
Quick ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,268,600 | 2,383,400 | 2,226,300 | 2,282,800 | 1,535,200 | 1,381,900 | 1,782,500 | 2,491,400 | 1,135,300 | 1,992,900 | 1,346,300 | 2,067,200 | 2,118,500 | 2,419,900 | 1,922,700 | 2,272,900 | 1,874,200 | 1,886,100 | 2,113,200 | 2,142,000 |
| Short-term investments | US$ in thousands | 634,600 | 916,800 | 1,006,600 | 1,108,200 | 1,043,600 | 1,516,700 | 1,588,500 | 1,402,400 | 1,254,700 | 1,965,300 | 2,000,600 | 1,736,500 | 1,516,000 | 1,454,700 | 1,417,600 | 1,188,500 | 1,026,900 | 1,059,300 | 1,058,000 | 1,075,600 |
| Receivables | US$ in thousands | 3,679,600 | 2,687,300 | 2,250,400 | 1,938,000 | 3,344,500 | 2,287,700 | 2,341,800 | 1,858,900 | 2,852,000 | 1,443,600 | 1,278,100 | 1,238,100 | 2,142,500 | 1,240,600 | 952,200 | 812,100 | 1,240,400 | 766,800 | 669,200 | 675,500 |
| Total current liabilities | US$ in thousands | 7,988,000 | 7,705,600 | 7,552,200 | 7,402,700 | 7,682,700 | 7,084,800 | 7,765,500 | 7,513,400 | 7,737,500 | 8,641,200 | 8,475,100 | 8,195,100 | 8,306,300 | 7,677,200 | 7,406,400 | 7,144,400 | 5,116,700 | 3,007,300 | 4,376,300 | 2,635,100 |
| Quick ratio | 0.82 | 0.78 | 0.73 | 0.72 | 0.77 | 0.73 | 0.74 | 0.77 | 0.68 | 0.63 | 0.55 | 0.62 | 0.70 | 0.67 | 0.58 | 0.60 | 0.81 | 1.23 | 0.88 | 1.48 |
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 demonstrated notable fluctuations over the analyzed period from October 2020 to July 2025. At the beginning of the period, specifically on October 31, 2020, the quick ratio stood at 1.48, indicating a strong liquidity position with current assets (excluding inventories) comfortably covering short-term liabilities.
Subsequently, the ratio experienced a decline, reaching a low of 0.58 on January 31, 2022. This decrease suggests a reduced ability to quickly meet short-term obligations solely with liquid assets, possibly reflecting changes in the composition of current assets or increased current liabilities.
From this trough, the ratio showed a gradual upward trend, with periodic stabilization, reaching 0.77 by October 31, 2023. This upward movement indicates an improving liquidity position, moving closer to the initial levels observed in late 2020.
Looking forward, projections up to July 2025 reveal a continued slight increase in the quick ratio, reaching 0.82. This indicates a sustained enhancement in liquidity, with the company maintaining a relatively healthy ability to cover its immediate liabilities using quick assets.
Overall, the historical trend reflects periods of liquidity tightening followed by gradual recovery. The ratios consistently remain below 1 for much of the period after early 2022, indicating that at times, liquid assets were insufficient to fully cover current liabilities, although the increasing trend toward 0.82 suggests ongoing improvement in short-term liquidity reserves.
Peer comparison
Jul 31, 2025