Pure Storage Inc (PSTG)
Current ratio
| Feb 4, 2024 | Nov 5, 2023 | Aug 6, 2023 | Feb 5, 2023 | Nov 6, 2022 | Aug 7, 2022 | May 8, 2022 | Feb 6, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,498,050 | 2,247,030 | 2,041,060 | 2,474,860 | 2,208,670 | 2,021,010 | 1,874,610 | 2,192,180 | 1,926,630 | 1,859,560 | 1,784,070 | 1,908,170 | 1,743,310 | 1,812,380 | 1,757,870 | 1,890,390 | 1,722,180 | 1,649,940 | 1,607,030 | 1,701,830 |
| Total current liabilities | US$ in thousands | 1,365,680 | 1,237,900 | 1,203,810 | 1,749,870 | 1,623,170 | 1,525,310 | 1,441,360 | 952,320 | 779,798 | 754,727 | 670,299 | 760,653 | 659,459 | 607,211 | 563,387 | 614,741 | 520,295 | 514,553 | 479,960 | 509,816 |
| Current ratio | 1.83 | 1.82 | 1.70 | 1.41 | 1.36 | 1.32 | 1.30 | 2.30 | 2.47 | 2.46 | 2.66 | 2.51 | 2.64 | 2.98 | 3.12 | 3.08 | 3.31 | 3.21 | 3.35 | 3.34 |
February 4, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,498,050K ÷ $1,365,680K
= 1.83
The current ratio of Pure Storage Inc has exhibited fluctuation over the provided periods. The current ratio represents the company's ability to meet its short-term obligations with its current assets. As of Feb 4, 2024, Pure Storage Inc had a current ratio of 1.83, indicating that the company had $1.83 in current assets for every $1 of current liabilities.
The trend in the current ratio shows variability across periods, with values ranging from 1.32 to 3.35. A higher current ratio generally suggests a stronger liquidity position as it indicates the company possesses more current assets to cover its short-term liabilities. In comparison, a lower current ratio may indicate potential liquidity issues or inefficiencies in managing current assets.
Pure Storage Inc's current ratio has generally been above 1, implying that the company has had sufficient current assets to cover its short-term obligations. However, the ratio has varied, which could reflect changes in the composition of current assets and liabilities over time. It would be prudent to continue monitoring the current ratio in conjunction with other financial metrics to assess the company's overall financial health and liquidity position.
Peer comparison
Feb 4, 2024