Seagate Technology PLC (STX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,653,000 | 3,282,000 | 3,662,000 | 3,608,000 | 3,332,000 | 2,615,000 | 2,628,000 | 2,636,000 | 2,905,000 | 3,597,000 | 3,081,000 | 3,740,000 | 4,033,000 | 4,259,000 | 4,450,000 | 3,668,000 | 3,779,000 | 3,692,000 | 4,081,000 | 3,994,000 |
| 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 |
| Current ratio | 1.38 | 1.36 | 1.23 | 1.14 | 1.08 | 0.85 | 1.04 | 1.07 | 1.12 | 0.99 | 1.13 | 1.19 | 1.13 | 1.48 | 1.49 | 1.27 | 1.29 | 1.23 | 1.56 | 1.51 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,653,000K ÷ $2,648,000K
= 1.38
The analysis of Seagate Technology PLC’s current ratio over the period from September 30, 2020, to June 30, 2025, reveals notable fluctuations indicative of the company's short-term liquidity position.
Initially, the current ratio stood at 1.51 as of September 30, 2020, and experienced a gradual increase to a peak of 1.56 at the end of 2020. During 2021, the ratio exhibited some volatility, decreasing to 1.23 by March 31, 2021, before recovering to 1.49 at the end of December 2021. Throughout this period, the current ratio generally remained above 1.2, suggesting a relatively comfortable liquidity position.
Moving into 2022, the ratio declined slightly to 1.13 by June 30, 2022, and continued a modest downward trend to 1.19 by September 30, 2022, and 1.13 at the year's close. The subsequent year saw a more pronounced downward trend, with the ratio falling below 1.0 for the first time since the earlier period, reaching 0.99 by March 31, 2023. This indicates potential liquidity concerns as current liabilities may have begun to outpace current assets.
In the fiscal year 2023, the ratio marginally improved to 1.12 in June but then declined again to 1.07 in September 2023 and further to 1.04 at the end of December 2023. The first quarter of 2024 saw a continued decline to 0.85, suggesting a period where liquidity was under pressure. However, in the subsequent quarters, the ratio showed signs of stabilization, increasing to 1.08 in June and 1.14 in September 2024, before reaching 1.23 in December 2024.
Looking at the projections into 2025, the ratio is expected to improve further, with estimates of 1.36 in March 2025 and 1.38 in June 2025. These anticipated increases signal a potential enhancement in the company's short-term liquidity position.
Overall, the trend displays a period of relative strength in liquidity through 2020 and parts of 2021, followed by a notable decline during 2022 and early 2023, reaching levels close to or below 1.0. The latter part of 2023 and into 2024 suggests gradual recovery and stabilization, with forecasts indicating an improved liquidity position into 2025. Continuous monitoring of this ratio is recommended to assess the company's ability to meet short-term obligations as market and operational conditions evolve.
Peer comparison
Jun 30, 2025