Pure Storage Inc (PSTG)
Cash ratio
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 723,583 | 702,536 | 702,536 | 580,854 | 580,854 |
| Short-term investments | US$ in thousands | 798,237 | 828,557 | 828,557 | 1,001,350 | 1,001,350 |
| Total current liabilities | US$ in thousands | 1,596,540 | 1,365,680 | 1,365,680 | 1,749,870 | 1,751,810 |
| Cash ratio | 0.95 | 1.12 | 1.12 | 0.90 | 0.90 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($723,583K
+ $798,237K)
÷ $1,596,540K
= 0.95
The cash ratio of Pure Storage Inc has shown fluctuation over the past few years based on the provided data. The cash ratio stood at 0.90 as of January 31, 2023, and remained unchanged at 0.90 as of February 5, 2023. It then increased to 1.12 as of both January 31, 2024, and February 4, 2024, indicating an improvement in the company's ability to cover its short-term obligations with its cash reserves. However, the cash ratio decreased to 0.95 as of January 31, 2025, reflecting a slight decline in the company's liquidity position compared to the previous year. Overall, while there have been fluctuations in the cash ratio, Pure Storage Inc has generally maintained a strong liquidity position throughout the analyzed period.
Peer comparison
Jan 31, 2025