Pure Storage Inc (PSTG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 723,583 | 894,569 | 965,028 | 900,615 | 702,536 | 702,536 | 529,191 | 529,191 | 408,900 | 408,900 | 378,285 | 580,854 | 580,854 | 795,931 | 795,931 | 652,567 | 652,567 | 455,237 | 455,237 | 466,199 |
| Short-term investments | US$ in thousands | 798,237 | 753,960 | 855,453 | 823,397 | 828,557 | 828,557 | 821,868 | 821,868 | 819,777 | 819,777 | 805,715 | 1,001,350 | 1,001,350 | 669,173 | 669,173 | 709,889 | 709,889 | 836,725 | 836,725 | 947,073 |
| Receivables | US$ in thousands | — | — | — | — | 662,179 | — | 636,324 | — | 525,260 | — | — | 612,491 | — | — | — | — | — | — | — | 542,144 |
| 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 |
| Quick ratio | 0.95 | 1.14 | 1.42 | 1.41 | 1.61 | 1.12 | 1.61 | 1.09 | 1.46 | 1.02 | 1.07 | 1.25 | 0.90 | 0.90 | 0.90 | 0.89 | 0.89 | 0.90 | 1.49 | 2.05 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($723,583K
+ $798,237K
+ $—K)
÷ $1,596,540K
= 0.95
The quick ratio of Pure Storage Inc has shown some fluctuations over the past few years, ranging from a high of 2.05 on February 6, 2022, to a low of 0.89 on multiple occasions. A quick ratio above 1 typically indicates that the company has an adequate amount of liquid assets to cover its short-term liabilities. However, the ratio dropped below 1 on several occasions, suggesting potential liquidity concerns or difficulties in meeting short-term obligations.
The quick ratio improved gradually after the low points, with some fluctuations along the way. The ratio peaked at 1.61 on November 5, 2023, indicating a strong ability to cover short-term obligations with liquid assets at that point in time. Despite some fluctuations, the company generally maintained a quick ratio above 1, which is a positive sign for investors and creditors as it indicates a relatively healthy liquidity position.
Overall, while the quick ratio of Pure Storage Inc has experienced some variability, it has generally remained above 1 in recent periods, suggesting that the company has had a reasonable level of liquidity to meet its short-term financial obligations.
Peer comparison
Jan 31, 2025