Seagate Technology PLC (STX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 891,000 | 814,000 | 1,238,000 | 1,239,000 | 1,358,000 | 795,000 | 787,000 | 795,000 | 786,000 | 766,000 | 770,000 | 761,000 | 615,000 | 1,138,000 | 1,535,000 | 991,000 | 1,209,000 | 1,212,000 | 1,799,000 | 1,664,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 23,000 | 2,000 | 2,000 | 2,000 | 2,000 | 5,000 | 5,000 |
| Receivables | US$ in thousands | 959,000 | 622,000 | 737,000 | 753,000 | 539,000 | 457,000 | 593,000 | 521,000 | 621,000 | 994,000 | 840,000 | 1,098,000 | 1,532,000 | 1,344,000 | 1,399,000 | 1,301,000 | 1,158,000 | 978,000 | 801,000 | 866,000 |
| 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 |
| Quick ratio | 0.70 | 0.60 | 0.67 | 0.63 | 0.61 | 0.41 | 0.55 | 0.53 | 0.54 | 0.48 | 0.59 | 0.59 | 0.60 | 0.87 | 0.98 | 0.79 | 0.81 | 0.73 | 0.99 | 0.96 |
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 quick ratio of Seagate Technology PLC has demonstrated notable fluctuations over the period from September 2020 through June 2025. Beginning at 0.96 in September 2020, it displayed a gradual upward trend, reaching a peak of 0.99 at the end of 2020. During the subsequent quarters, the ratio declined somewhat, dropping to approximately 0.73 by March 2021, before experiencing minor recoveries and fluctuations around the 0.79 to 0.98 range through the end of 2021.
In 2022, a downward trend became evident, with the ratio decreasing to 0.60 by June 2022 and further declining to 0.59 by the end of that year. This decline continued into 2023, with the ratio falling further to 0.48 as of March 2023. The ratio showed marginal improvement in the following quarters, rising to 0.54 in June 2023 and reaching 0.63 by September 2023. The trend maintained a positive trajectory into late 2024, with the ratio increasing to 0.67 by December 2024.
However, in early 2025, the ratio experienced a slight decline to 0.60 in March, followed by a notable rise to 0.70 in June 2025. Overall, the data indicates periods of deterioration in liquidity position, particularly during 2022 and early 2023, with some recovery thereafter. The fluctuations suggest changing short-term liquidity conditions, potentially influenced by variations in liquid assets relative to current liabilities over the analyzed timeframe. The ratio generally remained below 1 throughout, indicating that Seagate’s liquid assets were generally insufficient to cover its current liabilities without relying on inventory or other less-liquid current assets.
Peer comparison
Jun 30, 2025