Seagate Technology PLC (STX)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,358,000 | 786,000 | 615,000 | 1,209,000 | 1,722,000 |
| Short-term investments | US$ in thousands | — | 2,000 | 2,000 | 2,000 | 2,000 |
| Total current liabilities | US$ in thousands | 3,099,000 | 2,592,000 | 3,555,000 | 2,921,000 | 2,722,000 |
| Cash ratio | 0.44 | 0.30 | 0.17 | 0.41 | 0.63 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,358,000K
+ $—K)
÷ $3,099,000K
= 0.44
The cash ratio of Seagate Technology PLC has fluctuated over the past five years, as shown in the table:
- As of June 30, 2024, the cash ratio stands at 0.44, indicating that the company has $0.44 in cash and cash equivalents for every $1 of current liabilities. This shows an improvement compared to the previous year.
- In June 2023, the cash ratio was 0.30, suggesting a lower liquidity position than in 2024.
- The cash ratio was 0.17 in June 2022, reflecting a relatively low level of cash compared to current liabilities.
- June 2021 saw an increase in the cash ratio to 0.41, signaling an improvement in the company's ability to cover its short-term obligations with cash on hand.
- In June 2020, the cash ratio was relatively high at 0.63, indicating a strong liquidity position at that time.
Overall, Seagate Technology PLC's cash ratio has varied, with fluctuations in its ability to cover short-term liabilities with cash and cash equivalents. The company should continue to monitor and manage its liquidity position to ensure financial stability and meet its immediate obligations.
Peer comparison
Jun 30, 2024