Pure Storage Inc (PSTG)
Current ratio
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,567,280 | 2,498,050 | 2,498,050 | 2,474,860 | 2,476,800 |
| Total current liabilities | US$ in thousands | 1,596,540 | 1,365,680 | 1,365,680 | 1,749,870 | 1,751,810 |
| Current ratio | 1.61 | 1.83 | 1.83 | 1.41 | 1.41 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,567,280K ÷ $1,596,540K
= 1.61
The current ratio of Pure Storage Inc has shown stability over the years, with a ratio of 1.41 as of January 31, 2023 and February 5, 2023, indicating that the company had $1.41 in current assets for every $1 in current liabilities during that period. The ratio improved to 1.83 as of January 31, 2024 and February 4, 2024, suggesting a stronger liquidity position. However, there was a slight decrease to 1.61 as of January 31, 2025, but the company still maintains a healthy level of current assets to cover its short-term obligations. Overall, Pure Storage Inc's current ratio indicates its ability to meet its current liabilities using its current assets, although fluctuations in the ratio should be monitored for potential liquidity concerns.
Peer comparison
Jan 31, 2025