Current Ratio
since 2005
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Cisco Systems Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
Cisco Systems Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jul 26, 2025 | = | ÷ | |||
| Jul 27, 2024 | = | ÷ | |||
| Jul 29, 2023 | = | ÷ | |||
| Jul 30, 2022 | = | ÷ | |||
| Jul 31, 2021 | = | ÷ | |||
| Jul 25, 2020 | = | ÷ | |||
| Jul 27, 2019 | = | ÷ | |||
| Jul 28, 2018 | = | ÷ | |||
| Jul 29, 2017 | = | ÷ | |||
| Jul 30, 2016 | = | ÷ | |||
| Jul 25, 2015 | = | ÷ | |||
| Jul 26, 2014 | = | ÷ | |||
| Jul 27, 2013 | = | ÷ | |||
| Jul 28, 2012 | = | ÷ | |||
| Jul 30, 2011 | = | ÷ | |||
| Jul 31, 2010 | = | ÷ | |||
| Jul 25, 2009 | = | ÷ | |||
| Jul 26, 2008 | = | ÷ | |||
| Jul 28, 2007 | = | ÷ | |||
| Jul 29, 2006 | = | ÷ | |||
| Jul 30, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
1 US$ in millions
- Current Assets
- The current assets showed a significant increase from 13,031 million USD in 2005 to a peak of 83,703 million USD in 2017. After 2017, there is a noticeable decline, dropping steadily to 34,986 million USD by 2025. This indicates that the company’s liquidity resources grew substantially over the first 12 years but then contracted markedly in the subsequent years.
- Current Liabilities
- Current liabilities generally trended upward from 9,511 million USD in 2005 to a high of 40,584 million USD in 2024. There is some fluctuation, but the overall pattern shows an increase in short-term obligations over the observed period. The rise in liabilities is sharper especially after 2012, reflecting increased financial commitments or operating obligations.
- Current Ratio
- The current ratio, representing liquidity, rose notably from 1.37 in 2005 to a peak of 3.49 in 2012, indicating a strong ability to cover short-term liabilities with current assets during this period. Post-2012, the ratio declines consistently, reaching below 1.0 at 0.91 in 2024 but then rising slightly to 1.00 in 2025. This downward trend suggests a weakening liquidity position in recent years, implying tighter short-term financial flexibility.
- Summary and Insights
- Over the long term, current assets expanded significantly initially but began to shrink after 2017, while current liabilities generally increased throughout the entire period. The current ratio's peak around 2012 indicates a period of strong liquidity that gradually diminished. The decline in current ratio to below 1 indicates potential liquidity pressures recently, signifying that current liabilities could be exceeding current assets at some points, which might demand closer financial management or restructuring of short-term liabilities and assets.
Comparison to Competitors
Cisco Systems Inc., current ratio, long-term trends, comparison to competitors
| Cisco Systems Inc. | Apple Inc. | Arista Networks Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Jul 26, 2025 | |||||
| Jul 27, 2024 | |||||
| Jul 29, 2023 | |||||
| Jul 30, 2022 | |||||
| Jul 31, 2021 | |||||
| Jul 25, 2020 | |||||
| Jul 27, 2019 | |||||
| Jul 28, 2018 | |||||
| Jul 29, 2017 | |||||
| Jul 30, 2016 | |||||
| Jul 25, 2015 | |||||
| Jul 26, 2014 | |||||
| Jul 27, 2013 | |||||
| Jul 28, 2012 | |||||
| Jul 30, 2011 | |||||
| Jul 31, 2010 | |||||
| Jul 25, 2009 | |||||
| Jul 26, 2008 | |||||
| Jul 28, 2007 | |||||
| Jul 29, 2006 | |||||
| Jul 30, 2005 |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
Comparison to Sector (Technology Hardware & Equipment)
Cisco Systems Inc., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Cisco Systems Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jul 26, 2025 | ||
| Jul 27, 2024 | ||
| Jul 29, 2023 | ||
| Jul 30, 2022 | ||
| Jul 31, 2021 | ||
| Jul 25, 2020 | ||
| Jul 27, 2019 | ||
| Jul 28, 2018 | ||
| Jul 29, 2017 | ||
| Jul 30, 2016 | ||
| Jul 25, 2015 | ||
| Jul 26, 2014 | ||
| Jul 27, 2013 | ||
| Jul 28, 2012 | ||
| Jul 30, 2011 | ||
| Jul 31, 2010 | ||
| Jul 25, 2009 | ||
| Jul 26, 2008 | ||
| Jul 28, 2007 | ||
| Jul 29, 2006 | ||
| Jul 30, 2005 |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).
Comparison to Industry (Information Technology)
Cisco Systems Inc., current ratio, long-term trends, comparison to industry (information technology)
| Cisco Systems Inc. | Information Technology | |
|---|---|---|
| Jul 26, 2025 | ||
| Jul 27, 2024 | ||
| Jul 29, 2023 | ||
| Jul 30, 2022 | ||
| Jul 31, 2021 | ||
| Jul 25, 2020 | ||
| Jul 27, 2019 | ||
| Jul 28, 2018 | ||
| Jul 29, 2017 | ||
| Jul 30, 2016 | ||
| Jul 25, 2015 | ||
| Jul 26, 2014 | ||
| Jul 27, 2013 | ||
| Jul 28, 2012 | ||
| Jul 30, 2011 | ||
| Jul 31, 2010 | ||
| Jul 25, 2009 | ||
| Jul 26, 2008 | ||
| Jul 28, 2007 | ||
| Jul 29, 2006 | ||
| Jul 30, 2005 |
Based on: 10-K (reporting date: 2025-07-26), 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28), 10-K (reporting date: 2017-07-29), 10-K (reporting date: 2016-07-30), 10-K (reporting date: 2015-07-25), 10-K (reporting date: 2014-07-26), 10-K (reporting date: 2013-07-27), 10-K (reporting date: 2012-07-28), 10-K (reporting date: 2011-07-30), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-25), 10-K (reporting date: 2008-07-26), 10-K (reporting date: 2007-07-28), 10-K (reporting date: 2006-07-29), 10-K (reporting date: 2005-07-30).