Seagate Technology PLC (STX)
Current ratio
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 4,114,000 |
| Total current liabilities | US$ in thousands | 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 | 2,722,000 |
| Current ratio | 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 | 1.51 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,282,000K ÷ $2,412,000K
= 1.36
The current ratio of Seagate Technology PLC exhibits notable fluctuations over the analyzed period from June 2020 to March 2025. Initially, the company maintained a relatively stable current ratio around 1.51 from June 2020 to September 2020, indicating a consistent capacity to cover short-term liabilities with short-term assets.
Subsequently, a slight increase was observed by December 2020, reaching 1.56, suggesting improved liquidity. However, during the first quarter of 2021, a significant decline occurred, dropping to 1.23, which continued into June and September 2021 at approximately 1.29 and 1.27 respectively. The upward trend resumed by the end of 2021, with a ratio of 1.49, and remained relatively stable through March 2022 at 1.48.
From mid-2022 onwards, a downward trend became apparent, with the ratio decreasing to 1.13 by June 2022 and further declining to 1.19 in September 2022, reaching a low of 1.13 at the end of 2022. The most pronounced decline is observed in the first quarter of 2023, where the ratio fell below 1.0 to 0.99, signaling potential liquidity concerns. Although the ratio showed some recovery afterward, reaching 1.12 in June 2023 and 1.07 in September 2023, it continued to decline in December 2023 to 1.04.
In the most recent quarters, the current ratio increased again to 1.08 in June 2024, with further improvement to 1.14 in September 2024 and 1.23 in December 2024. The ratio then rose to 1.36 in March 2025, indicating a recovery in liquidity position.
Overall, the trend shows periods of stability interspersed with declines, particularly sharp in early 2023, which may reflect liquidity management challenges or strategic shifts. The fluctuations suggest that while the company generally maintains a current ratio above 1, indicating sufficient short-term liquidity, there have been phases of tightening liquidity that warrant ongoing monitoring for potential liquidity risks.
Peer comparison
Mar 31, 2025