Seagate Technology PLC (STX)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 891,000 | 1,358,000 | 786,000 | 615,000 | 1,209,000 |
| Short-term investments | US$ in thousands | — | — | 2,000 | 2,000 | 2,000 |
| Receivables | US$ in thousands | 959,000 | 539,000 | 621,000 | 1,532,000 | 1,158,000 |
| Total current liabilities | US$ in thousands | 2,648,000 | 3,099,000 | 2,592,000 | 3,555,000 | 2,921,000 |
| Quick ratio | 0.70 | 0.61 | 0.54 | 0.60 | 0.81 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($891,000K
+ $—K
+ $959,000K)
÷ $2,648,000K
= 0.70
The analysis of Seagate Technology PLC’s quick ratio over the specified period reveals a trend characterized by a decline followed by a slight recovery. As of June 30, 2021, the quick ratio stood at 0.81, indicating that the company's most liquid assets were sufficient to cover approximately 81% of its current liabilities. This level suggests a moderate liquidity cushion, though it also implies that the company relied on less liquid assets to meet short-term obligations.
By June 30, 2022, the quick ratio declined to 0.60, reflecting a decrease in liquidity. This reduction signifies either a decrease in liquid assets or an increase in current liabilities, or a combination of both. The decline continued into June 30, 2023, with the quick ratio further decreasing to 0.54, pointing towards a continued trend of reduced short-term liquidity position.
The subsequent data for June 30, 2024, indicates a marginal improvement, with the quick ratio increasing slightly to 0.61. This uptick suggests a modest strengthening in liquidity, possibly due to an increase in liquid assets or a reduction in current liabilities. However, the ratio remains below the 1.0 threshold, indicating that the company still does not hold enough liquid assets to fully cover its current liabilities without considering inventory or other less liquid assets.
For June 30, 2025, the data appears to be unavailable or not provided, leaving the most recent trend unconfirmed beyond June 30, 2024.
Overall, the trend signifies a deterioration in Seagate’s short-term liquidity position from 2021 through 2023, followed by a slight recovery in 2024. The consistent ratios below 1.0 suggest that the company operates with a liquidity profile that may require close management of working capital, and potential liquidity risks should be monitored.
Peer comparison
Jun 30, 2025