Pure Storage Inc (PSTG)
Current ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 4, 2024 | Jan 31, 2024 | Nov 5, 2023 | Oct 31, 2023 | Aug 6, 2023 | Jul 31, 2023 | Apr 30, 2023 | Feb 5, 2023 | Jan 31, 2023 | Nov 6, 2022 | Oct 31, 2022 | Aug 7, 2022 | Jul 31, 2022 | May 8, 2022 | Apr 30, 2022 | Feb 6, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,567,280 | 2,559,650 | 2,553,030 | 2,362,380 | 2,498,050 | 2,409,340 | 2,247,030 | 2,247,030 | 2,041,060 | 2,041,060 | 1,867,760 | 2,474,860 | 2,476,800 | 2,208,670 | 2,208,220 | 2,021,010 | 2,021,010 | 1,874,610 | 1,874,610 | 2,192,180 |
| Total current liabilities | US$ in thousands | 1,596,540 | 1,444,630 | 1,282,990 | 1,226,300 | 1,365,680 | 1,365,680 | 1,237,900 | 1,237,900 | 1,203,810 | 1,203,810 | 1,106,200 | 1,749,870 | 1,751,810 | 1,623,170 | 1,622,710 | 1,525,310 | 1,525,310 | 1,441,360 | 868,809 | 952,320 |
| Current ratio | 1.61 | 1.77 | 1.99 | 1.93 | 1.83 | 1.76 | 1.82 | 1.82 | 1.70 | 1.70 | 1.69 | 1.41 | 1.41 | 1.36 | 1.36 | 1.32 | 1.32 | 1.30 | 2.16 | 2.30 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,567,280K ÷ $1,596,540K
= 1.61
Pure Storage Inc's current ratio fluctuated over the past years, ranging from a low of 1.30 on May 8, 2022, to a high of 2.30 on February 6, 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting good liquidity.
Despite some fluctuations, the company maintained a current ratio above 1 throughout the period, indicating a healthy ability to meet its short-term obligations. The current ratio gradually increased over time, peaking at 1.99 on July 31, 2024, before slightly decreasing to 1.61 on January 31, 2025. The upward trend in the current ratio suggests that Pure Storage Inc improved its liquidity position over the years.
Overall, Pure Storage Inc's current ratio trends indicate a relatively stable and healthy liquidity position, with the company having sufficient current assets to cover its current liabilities, providing a buffer against short-term financial stresses.
Peer comparison
Jan 31, 2025