Penguin Solutions, Inc. (PENG)
Quick ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 709,871 | 621,682 | 370,295 | 383,147 | 453,791 | 442,329 | 529,059 | 365,563 | 401,275 | 375,854 | 324,821 | 313,328 | 387,326 | 365,768 | 233,050 | 222,986 | 188,992 | 139,803 | 164,097 | 150,811 |
| Short-term investments | US$ in thousands | 25,676 | 25,323 | 23,430 | 6,337 | 13,746 | 23,439 | 24,385 | 25,251 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 292,504 | 330,384 | 275,629 | 251,743 | 211,842 | 169,718 | 170,590 | 219,247 | 243,571 | 229,474 | 306,323 | 355,002 | 357,457 | 385,925 | 344,107 | 313,393 | 288,617 | 212,807 | 219,932 | 215,918 |
| Total current liabilities | US$ in thousands | 476,744 | 473,705 | 426,886 | 327,596 | 351,142 | 267,959 | 368,804 | 426,250 | 384,305 | 420,447 | 551,807 | 515,540 | 524,896 | 533,804 | 535,119 | 583,798 | 492,218 | 323,024 | 282,568 | 282,489 |
| Quick ratio | 2.16 | 2.06 | 1.57 | 1.96 | 1.93 | 2.37 | 1.96 | 1.43 | 1.68 | 1.44 | 1.14 | 1.30 | 1.42 | 1.41 | 1.08 | 0.92 | 0.97 | 1.09 | 1.36 | 1.30 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($709,871K
+ $25,676K
+ $292,504K)
÷ $476,744K
= 2.16
The quick ratio of Penguin Solutions, Inc. demonstrates notable fluctuations over the analyzed period from August 2020 through May 2025. Initially, the ratio stood at 1.30 in August 2020, indicating that the company's short-term liquid assets comfortably exceeded its current liabilities. This upward trend continued, reaching a peak of 1.36 in November 2020, highlighting an improved liquidity position.
Between February 2021 and August 2021, the ratio experienced a decline from 1.09 to 0.92, suggesting a diminution in liquid assets relative to current liabilities and potentially signaling a temporary deterioration in liquidity. However, starting from November 2021, the ratio recovered and showed a consistent upward trajectory. Notably, it exceeded 1.4 in February 2022 and May 2022, with the highest levels observed post-2021, reaching 2.37 in February 2024.
From late 2022 to mid-2025, the ratio remained generally strong, fluctuating within the range of approximately 1.57 to 2.16, which indicates a consistent capacity to meet short-term liabilities with highly liquid assets. The highest recorded quick ratio was 2.37 in February 2024, suggesting a robust liquidity cushion.
Overall, the data points to a generally healthy liquidity position for Penguin Solutions, Inc., with periods of minor decline followed by substantial recoveries. The upward trend in recent years, culminating in ratios approaching or exceeding 2.0, underscores the company's strong liquidity management and ability to swiftly cover its immediate liabilities.
Peer comparison
May 31, 2025