Seagate Technology PLC (STX)

Current ratio

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Total current assets US$ in thousands 3,332,000 2,905,000 4,033,000 3,779,000
Total current liabilities US$ in thousands 3,099,000 2,592,000 3,555,000 2,921,000
Current ratio 1.08 1.12 1.13 1.29

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $—K
= —

The current ratio of Seagate Technology PLC has demonstrated a consistent declining trend over the observed period from June 30, 2021, to June 30, 2024. Specifically, the current ratio decreased from 1.29 in 2021 to 1.13 in 2022, indicating a reduction in the company's ability to cover its short-term liabilities with its short-term assets. Further, this decline continued into 2023 and 2024, with ratios of 1.12 and 1.08 respectively, suggesting a gradual erosion of liquidity position over these years.

A current ratio above 1, as observed throughout this period, generally signifies that the company maintains sufficient current assets to meet its short-term obligations, but the declining trend indicates a tightening of liquidity margins. The ratio approaching closer to 1 may signal increased liquidity risk or a need for more careful management of short-term assets and liabilities. The absence of data beyond June 30, 2024, precludes further analysis for subsequent periods, but the persistent downward movement warrants attention for potential liquidity concerns if the trend continues.


Peer comparison

Jun 30, 2025

Company name
Symbol
Current ratio
Seagate Technology PLC
STX
NetApp Inc
NTAP
1.26
Pure Storage Inc
PSTG
1.61
Western Digital Corporation
WDC
1.32