CrowdStrike Holdings Inc., current ratio, long-term trends, calculation

	Current ratio	=	Current assets¹	÷	Current liabilities¹
Jan 31, 2026	1.77	=	7,419,119)	÷	4,184,192)
Jan 31, 2025	1.77	=	6,113,345)	÷	3,461,050)
Jan 31, 2024	1.76	=	4,757,307)	÷	2,697,279)
Jan 31, 2023	1.73	=	3,640,267)	÷	2,109,072)
Jan 31, 2022	1.83	=	2,570,952)	÷	1,406,830)
Jan 31, 2021	2.65	=	2,292,274)	÷	863,553)
Jan 31, 2020	2.38	=	1,171,636)	÷	493,096)

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

¹ US$ in thousands

The current ratio exhibited initial growth followed by a period of relative stability. From 2020 to 2021, the current ratio increased from 2.38 to 2.65, indicating an improved ability to cover short-term obligations with short-term assets. However, subsequent years demonstrate a declining trend, stabilizing around 1.77.

Trend Analysis: The current ratio peaked in 2021 at 2.65. A noticeable decrease occurred in 2022, falling to 1.83, and continued to 1.73 in 2023. From 2023 through 2026, the ratio remained relatively consistent, fluctuating within a narrow range between 1.73 and 1.77. This suggests a stabilization of the company’s short-term liquidity position after the initial decline.
Magnitude and Implications: A current ratio above 1 generally indicates that the entity possesses more current assets than current liabilities, suggesting a comfortable short-term financial position. While the ratio began at a healthy 2.38 in 2020, the subsequent decline to approximately 1.77 warrants attention. Although still above 1, the reduced ratio implies a potentially diminished cushion for meeting immediate obligations. The consistency from 2023-2026 suggests this level is the new normal.
Underlying Component Analysis: The increase in the current ratio from 2020 to 2021 was driven by a more substantial growth in current assets (195.3%) compared to current liabilities (75.1%). However, the subsequent decline coincided with a faster rate of growth in current liabilities than current assets. From 2021 to 2026, current assets grew by 166.2% while current liabilities increased by 192.8%, indicating that liabilities are growing at a faster pace than assets.

In summary, the current ratio initially improved but has since stabilized at a lower level. This stabilization is the result of current liabilities growing at a faster rate than current assets. Continued monitoring of this ratio, alongside its underlying components, is recommended to assess any potential risks to short-term liquidity.

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CrowdStrike Holdings Inc., current ratio, long-term trends, comparison to competitors

	CrowdStrike Holdings Inc.	Accenture PLC	Adobe Inc.	AppLovin Corp.	Cadence Design Systems Inc.	Datadog Inc.	International Business Machines Corp.	Intuit Inc.	Microsoft Corp.	Oracle Corp.	Palantir Technologies Inc.	Palo Alto Networks Inc.	Salesforce Inc.	ServiceNow Inc.	Synopsys Inc.	Workday Inc.
Jan 31, 2026	1.77	—	—	—	—	—	—	—	1.23	1.12	—	—	0.76	—	—	1.32
Jan 31, 2025	1.77	1.42	1.00	3.32	2.86	3.38	0.96	1.36	1.35	0.75	7.11	0.94	1.06	1.00	1.62	1.90
Jan 31, 2024	1.76	1.10	1.07	2.19	2.93	2.64	1.04	1.29	1.27	0.72	5.96	0.89	1.09	1.10	2.44	1.97
Jan 31, 2023	1.73	1.30	1.34	1.71	1.24	3.17	0.96	1.47	1.77	0.91	5.55	0.78	1.02	1.06	1.15	1.75
Jan 31, 2022	1.83	1.23	1.11	3.35	1.27	3.09	0.92	1.39	1.78	1.62	5.17	0.77	1.05	1.11	1.09	1.03
Jan 31, 2021	2.65	1.25	1.25	5.05	1.77	3.54	0.88	1.94	2.08	2.30	4.34	0.91	1.23	1.05	1.16	1.12
Jan 31, 2020	2.38	1.40	1.48	—	1.86	5.77	0.98	2.26	2.52	3.03	3.74	1.91	1.08	1.21	1.19	1.04