Seagate Technology PLC (STX)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 891,000 | 814,000 | 1,238,000 | 1,239,000 | 1,358,000 | 795,000 | 787,000 | 795,000 | 786,000 | 766,000 | 770,000 | 761,000 | 615,000 | 1,138,000 | 1,535,000 | 991,000 | 1,209,000 | 1,212,000 | 1,799,000 | 1,664,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 23,000 | 2,000 | 2,000 | 2,000 | 2,000 | 5,000 | 5,000 |
| Total current liabilities | US$ in thousands | 2,648,000 | 2,412,000 | 2,969,000 | 3,161,000 | 3,099,000 | 3,062,000 | 2,529,000 | 2,473,000 | 2,592,000 | 3,639,000 | 2,725,000 | 3,138,000 | 3,555,000 | 2,881,000 | 2,992,000 | 2,889,000 | 2,921,000 | 2,993,000 | 2,621,000 | 2,644,000 |
| Cash ratio | 0.34 | 0.34 | 0.42 | 0.39 | 0.44 | 0.26 | 0.31 | 0.32 | 0.30 | 0.21 | 0.28 | 0.24 | 0.17 | 0.40 | 0.51 | 0.34 | 0.41 | 0.41 | 0.69 | 0.63 |
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 over the specified period exhibits notable fluctuation, reflecting the company's short-term liquidity position at various fiscal points. Beginning at 0.63 on September 30, 2020, the ratio increased to 0.69 by December 31, 2020, indicating an improved ability to cover current liabilities with cash and cash equivalents. However, a decline is observed in subsequent periods, with the ratio decreasing to 0.41 on March 31, 2021, and remaining at that level through June 30, 2021.
A downward trend becomes apparent thereafter, reaching 0.34 on September 30, 2021, further dropping to 0.17 on June 30, 2022—a significant reduction indicating diminished immediate liquidity. The ratio then experiences some recovery, rising modestly to 0.24 on September 30, 2022, and 0.28 on December 31, 2022, before declining again to 0.21 as of March 31, 2023.
Subsequently, the ratio shows signs of improvement: reaching 0.30 on June 30, 2023, and slightly increasing to 0.32 by September 30, 2023. The trend continues with the ratio at 0.31 at the end of 2023, then declining to 0.26 on March 31, 2024. A notable rebound occurs in the following period, with the ratio rising to 0.44 on June 30, 2024, and further to 0.39 on September 30, 2024. The figure then stabilizes around 0.42 on December 31, 2024, before decreasing to 0.34 in the subsequent periods.
Overall, the cash ratio demonstrates variability, with periods of decline indicating reduced immediate liquidity buffer, particularly between mid-2021 and mid-2022, followed by phases of recovery and stabilization. The fluctuations suggest shifts in cash holdings relative to current liabilities, potentially reflecting strategic changes in cash management, operational liquidity needs, or broader market conditions affecting the company's liquidity stance.
Peer comparison
Jun 30, 2025