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 | 3,653,000 | 3,332,000 | 2,905,000 | 4,033,000 | 3,779,000 |
| Total current liabilities | US$ in thousands | 2,648,000 | 3,099,000 | 2,592,000 | 3,555,000 | 2,921,000 |
| Current ratio | 1.38 | 1.08 | 1.12 | 1.13 | 1.29 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,653,000K ÷ $2,648,000K
= 1.38
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