Seagate Technology PLC (STX)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 891,000 | 1,358,000 | 786,000 | 615,000 | 1,209,000 |
| Short-term investments | US$ in thousands | — | — | 2,000 | 2,000 | 2,000 |
| Total current liabilities | US$ in thousands | 2,648,000 | 3,099,000 | 2,592,000 | 3,555,000 | 2,921,000 |
| Cash ratio | 0.34 | 0.44 | 0.30 | 0.17 | 0.41 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($891,000K
+ $—K)
÷ $2,648,000K
= 0.34
The cash ratio of Seagate Technology PLC has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2024. Specifically, the ratio was recorded at 0.41 in 2021, indicating that the company's cash and cash equivalents covered approximately 41% of its current liabilities at that time. This ratio experienced a significant decline in 2022, dropping to 0.17, which suggests a decreased level of liquidity in readily available cash relative to short-term obligations.
Following this decline, the cash ratio demonstrated a recovery trend in 2023, reaching 0.30. This increase reflects an improvement in the company's cash position relative to its current liabilities, though it still falls short of the 2021 level. Most notably, in 2024, the cash ratio further improved to 0.44, surpassing the previous years' figures and indicating an increased ability to cover current liabilities with cash and cash equivalents alone.
The data for June 30, 2025, is not available, and therefore, no assessment can be made for that period. Overall, the cash ratio suggests periods of liquidity weakening in 2022 followed by consistent recovery, with the 2024 ratio indicating a relatively stronger liquidity position as of mid-2024.
Peer comparison
Jun 30, 2025