Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Datadog Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The liquidity profile exhibits a consistently strong capacity to meet short-term obligations, characterized by ratios that remain substantially above the 1.0 threshold throughout the analyzed period. A general pattern of stability is observed, interrupted by a significant contraction in mid-2024 followed by a robust recovery phase through 2025.
- Current Ratio Trends
- The current ratio maintained a range between 3.09 and 3.43 from March 2022 through March 2024. A sharp decline occurred in June 2024, where the ratio dropped to 2.01, representing the lowest point in the series. Subsequently, a steady upward trajectory was observed, peaking at 3.66 in June 2025 before stabilizing between 3.20 and 3.40 in the most recent quarters.
- Quick Ratio Analysis
- The quick ratio closely mirrors the movements of the current ratio, starting at 3.23 in March 2022 and experiencing a similar trough of 1.95 in June 2024. The recovery phase saw the ratio reach a peak of 3.55 in June 2025. The minimal variance between the current and quick ratios indicates that inventories constitute a negligible portion of the current asset base.
- Cash Ratio Performance
- The cash ratio remained high for the majority of the period, indicating a significant proportion of current assets are held in cash or cash equivalents. Following a peak of 2.86 in March 2024, the ratio fell to 1.65 in June 2024. A subsequent recovery led to a period high of 3.13 in June 2025, eventually settling at 2.66 by June 2026.
The synchronized dip across all three liquidity metrics in June 2024 suggests a temporary increase in current liabilities or a strategic deployment of liquid assets. However, the rapid return to higher levels by 2025 demonstrates an efficient restoration of liquidity. The tight correlation between the current, quick, and cash ratios underscores a highly liquid asset structure with very little reliance on non-cash current assets to satisfy short-term debts.
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Current Ratio
Datadog Inc., current ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Current assets | 6,008,557) | 5,625,206) | 5,382,280) | 4,838,105) | 4,644,676) | 5,076,338) | 4,911,115) | 3,789,434) | 3,592,090) | 3,333,663) | 3,178,137) | 2,819,484) | 2,600,070) | 2,462,992) | 2,344,234) | 2,176,569) | 2,069,588) | 2,003,671) | ||||||
| Current liabilities | 1,874,985) | 1,655,903) | 1,591,401) | 1,320,694) | 1,353,192) | 1,854,823) | 1,862,713) | 1,780,263) | 1,790,879) | 972,793) | 1,003,052) | 842,476) | 761,362) | 772,954) | 759,748) | 674,408) | 625,876) | 601,972) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Current ratio1 | 3.20 | 3.40 | 3.38 | 3.66 | 3.43 | 2.74 | 2.64 | 2.13 | 2.01 | 3.43 | 3.17 | 3.35 | 3.42 | 3.19 | 3.09 | 3.23 | 3.31 | 3.33 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||
| Accenture PLC | 1.34 | 1.41 | 1.42 | 1.46 | 1.48 | 1.47 | 1.10 | 1.16 | 1.26 | 1.33 | 1.30 | 1.37 | 1.29 | 1.26 | 1.23 | 1.27 | 1.23 | 1.22 | ||||||
| Adobe Inc. | 0.75 | 0.91 | 1.00 | 1.02 | 0.99 | 1.18 | 1.07 | 1.11 | 1.16 | 1.05 | 1.34 | 1.25 | 1.16 | 1.12 | 1.11 | 1.14 | 1.07 | 1.04 | ||||||
| AppLovin Corp. | 4.30 | 3.24 | 3.32 | 3.25 | 2.74 | 1.68 | 2.19 | 2.41 | 2.28 | 2.11 | 1.71 | 1.61 | 2.87 | 3.31 | 3.35 | 3.36 | 2.82 | 2.93 | ||||||
| Cadence Design Systems Inc. | 1.74 | 1.47 | 2.86 | 3.05 | 2.82 | 3.07 | 2.93 | 2.45 | 1.43 | 1.32 | 1.24 | 1.44 | 1.37 | 1.44 | 1.27 | 1.33 | 1.59 | 1.81 | ||||||
| International Business Machines Corp. | 0.79 | 0.80 | 0.96 | 0.93 | 0.91 | 1.01 | 1.04 | 1.06 | 1.12 | 1.13 | 0.96 | 0.91 | 1.06 | 1.16 | 0.92 | 0.95 | 0.88 | 0.92 | ||||||
| Intuit Inc. | 1.32 | 1.39 | 1.36 | 1.45 | 1.27 | 1.24 | 1.29 | 1.50 | 1.17 | 1.25 | 1.47 | 1.51 | 1.23 | 1.37 | 1.39 | 1.63 | 1.18 | 2.10 | ||||||
| Microsoft Corp. | 1.39 | 1.40 | 1.35 | 1.37 | 1.35 | 1.30 | 1.27 | 1.24 | 1.22 | 1.66 | 1.77 | 1.91 | 1.93 | 1.84 | 1.78 | 1.99 | 2.25 | 2.16 | ||||||
| Oracle Corp. | 0.91 | 0.62 | 0.75 | 1.02 | 0.81 | 0.72 | 0.72 | 0.85 | 0.79 | 0.87 | 0.91 | 0.82 | 0.65 | 0.60 | 1.62 | 1.52 | 1.65 | 2.04 | ||||||
| Palantir Technologies Inc. | 7.23 | 6.91 | 7.11 | 6.43 | 6.32 | 6.49 | 5.96 | 5.67 | 5.92 | 5.91 | 5.55 | 5.53 | 5.22 | 5.41 | 5.17 | 4.28 | 4.36 | 4.38 | ||||||
| Palo Alto Networks Inc. | 1.04 | 0.99 | 0.94 | 0.90 | 0.84 | 0.84 | 0.89 | 0.84 | 0.83 | 0.86 | 0.78 | 0.74 | 0.64 | 0.70 | 0.77 | 0.74 | 0.66 | 0.68 | ||||||
| Salesforce Inc. | 1.12 | 1.07 | 1.06 | 1.11 | 1.04 | 1.11 | 1.09 | 1.04 | 1.02 | 1.02 | 1.02 | 1.05 | 1.06 | 1.03 | 1.05 | 1.06 | 0.93 | 1.33 | ||||||
| ServiceNow Inc. | 0.70 | 0.84 | 1.00 | 1.06 | 1.09 | 1.12 | 1.10 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 1.17 | 1.11 | 1.24 | 1.12 | 1.12 | ||||||
| Synopsys Inc. | 1.43 | 1.36 | 1.62 | 1.62 | 7.02 | 2.68 | 2.44 | 2.02 | 1.86 | 1.29 | 1.15 | 1.20 | 1.15 | 1.11 | 1.09 | 1.14 | 1.25 | 1.19 | ||||||
| Workday Inc. | 2.10 | 2.07 | 1.90 | 2.05 | 2.04 | 2.00 | 1.97 | 2.13 | 2.00 | 1.95 | 1.75 | 1.87 | 1.61 | 1.56 | 1.03 | 1.10 | 1.04 | 0.93 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,008,557 ÷ 1,874,985 = 3.20
2 Click competitor name to see calculations.
The analysis of short-term liquidity indicates a strong overall position characterized by significant growth in current assets and a generally high ability to cover short-term obligations, despite a period of notable volatility in mid-2024.
- Current Asset Trajectory
- A consistent upward trend in current assets is observed, increasing from 2,003,671 thousand US dollars in March 2022 to 6,008,557 thousand US dollars by June 2026. This represents a steady expansion of the liquid resource base over the analyzed period.
- Current Liability Dynamics
- Current liabilities exhibited gradual growth from March 2022 until March 2024, remaining below 1 billion US dollars. A sharp increase occurred between March 31, 2024, and June 30, 2024, where liabilities rose from 972,793 thousand US dollars to 1,790,879 thousand US dollars. Following this spike, liabilities remained elevated, fluctuating between 1.3 billion and 1.8 billion US dollars through June 2026.
- Current Ratio Stability and Volatility
- The current ratio maintained a stable range between 3.09 and 3.43 from March 2022 through March 2024, suggesting a conservative and highly liquid financial posture. A significant contraction was recorded in June 2024, with the ratio dropping to 2.01, the lowest point in the series, directly correlating with the aforementioned surge in current liabilities.
- Liquidity Recovery and Normalization
- Following the June 2024 decline, a recovery trend is evident. The ratio improved to 2.64 by December 2024 and returned to historical norms by March 2025, reaching a peak of 3.66 in June 2025. By June 2026, the ratio settled at 3.20, indicating that the company successfully restored its liquidity cushion to levels consistent with its long-term operational pattern.
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Quick Ratio
Datadog Inc., quick ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Cash and cash equivalents | 434,957) | 426,360) | 401,305) | 540,602) | 489,030) | 1,079,854) | 1,246,983) | 337,418) | 410,963) | 282,218) | 330,339) | 261,309) | 291,304) | 222,548) | 338,985) | 294,815) | 238,859) | 271,686) | ||||||
| Marketable securities | 4,550,481) | 4,332,257) | 4,073,531) | 3,599,737) | 3,421,940) | 3,369,820) | 2,942,076) | 2,861,536) | 2,549,143) | 2,499,151) | 2,252,559) | 2,080,380) | 1,894,058) | 1,795,342) | 1,545,341) | 1,471,448) | 1,464,681) | 1,399,323) | ||||||
| Accounts receivable, net of allowance for credit losses | 827,345) | 680,434) | 741,262) | 549,648) | 604,174) | 490,172) | 598,919) | 487,064) | 533,292) | 451,057) | 509,279) | 400,649) | 333,102) | 367,046) | 399,551) | 348,830) | 305,501) | 275,342) | ||||||
| Total quick assets | 5,812,783) | 5,439,051) | 5,216,098) | 4,689,987) | 4,515,144) | 4,939,846) | 4,787,978) | 3,686,018) | 3,493,398) | 3,232,426) | 3,092,177) | 2,742,338) | 2,518,464) | 2,384,936) | 2,283,877) | 2,115,093) | 2,009,041) | 1,946,351) | ||||||
| Current liabilities | 1,874,985) | 1,655,903) | 1,591,401) | 1,320,694) | 1,353,192) | 1,854,823) | 1,862,713) | 1,780,263) | 1,790,879) | 972,793) | 1,003,052) | 842,476) | 761,362) | 772,954) | 759,748) | 674,408) | 625,876) | 601,972) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Quick ratio1 | 3.10 | 3.28 | 3.28 | 3.55 | 3.34 | 2.66 | 2.57 | 2.07 | 1.95 | 3.32 | 3.08 | 3.26 | 3.31 | 3.09 | 3.01 | 3.14 | 3.21 | 3.23 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||
| Accenture PLC | 1.20 | 1.29 | 1.30 | 1.32 | 1.33 | 1.33 | 0.98 | 1.03 | 1.13 | 1.18 | 1.18 | 1.24 | 1.15 | 1.12 | 1.12 | 1.14 | 1.10 | 1.10 | ||||||
| Adobe Inc. | 0.63 | 0.79 | 0.88 | 0.87 | 0.82 | 1.03 | 0.95 | 0.97 | 1.02 | 0.93 | 1.22 | 1.12 | 1.03 | 1.00 | 1.00 | 1.01 | 0.93 | 0.89 | ||||||
| AppLovin Corp. | 4.17 | 3.16 | 3.23 | 3.05 | 2.54 | 1.51 | 2.04 | 2.25 | 2.10 | 1.93 | 1.54 | 1.47 | 2.61 | 3.04 | 3.08 | 2.96 | 2.55 | 2.67 | ||||||
| Cadence Design Systems Inc. | 1.36 | 1.13 | 2.41 | 2.49 | 2.33 | 2.58 | 2.43 | 2.00 | 1.06 | 0.96 | 0.94 | 1.10 | 1.10 | 1.19 | 1.02 | 1.13 | 1.36 | 1.56 | ||||||
| International Business Machines Corp. | 0.62 | 0.65 | 0.83 | 0.78 | 0.77 | 0.86 | 0.90 | 0.89 | 0.95 | 0.98 | 0.82 | 0.74 | 0.90 | 0.99 | 0.76 | 0.75 | 0.68 | 0.73 | ||||||
| Intuit Inc. | 0.67 | 0.78 | 0.63 | 0.85 | 0.68 | 0.54 | 0.71 | 1.00 | 0.55 | 0.66 | 1.25 | 1.29 | 1.02 | 1.10 | 1.17 | 1.29 | 0.78 | 1.71 | ||||||
| Microsoft Corp. | 1.12 | 1.15 | 1.16 | 1.15 | 1.10 | 1.06 | 1.06 | 1.05 | 1.02 | 1.45 | 1.54 | 1.66 | 1.66 | 1.59 | 1.57 | 1.77 | 2.05 | 1.96 | ||||||
| Oracle Corp. | 0.77 | 0.50 | 0.61 | 0.87 | 0.67 | 0.59 | 0.59 | 0.69 | 0.63 | 0.73 | 0.74 | 0.65 | 0.50 | 0.49 | 1.43 | 1.34 | 1.45 | 1.90 | ||||||
| Palantir Technologies Inc. | 7.09 | 6.82 | 6.99 | 6.31 | 6.19 | 6.36 | 5.83 | 5.55 | 5.77 | 5.80 | 5.41 | 5.39 | 5.08 | 5.25 | 4.92 | 4.08 | 4.09 | 4.15 | ||||||
| Palo Alto Networks Inc. | 0.97 | 0.90 | 0.88 | 0.83 | 0.78 | 0.77 | 0.82 | 0.78 | 0.78 | 0.81 | 0.72 | 0.66 | 0.58 | 0.65 | 0.73 | 0.70 | 0.62 | 0.64 | ||||||
| Salesforce Inc. | 0.93 | 0.90 | 0.93 | 0.90 | 0.86 | 0.95 | 0.96 | 0.86 | 0.86 | 0.86 | 0.90 | 0.89 | 0.91 | 0.88 | 0.93 | 0.89 | 0.79 | 1.19 | ||||||
| ServiceNow Inc. | 0.61 | 0.75 | 0.91 | 0.96 | 0.99 | 1.03 | 1.02 | 1.05 | 1.03 | 0.98 | 1.00 | 1.01 | 1.08 | 1.11 | 1.06 | 1.17 | 1.06 | 1.06 | ||||||
| Synopsys Inc. | 0.99 | 0.98 | 1.20 | 1.16 | 6.34 | 1.99 | 1.88 | 1.10 | 0.99 | 0.88 | 0.85 | 0.92 | 0.90 | 0.86 | 0.85 | 0.87 | 0.99 | 0.93 | ||||||
| Workday Inc. | 1.98 | 1.94 | 1.80 | 1.94 | 1.92 | 1.88 | 1.87 | 2.01 | 1.90 | 1.83 | 1.66 | 1.75 | 1.52 | 1.47 | 0.96 | 1.03 | 0.98 | 0.86 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,812,783 ÷ 1,874,985 = 3.10
2 Click competitor name to see calculations.
The company maintains a robust liquidity position throughout the analyzed period, characterized by a substantial growth in quick assets and a generally strong ability to cover short-term obligations. While the quick ratio remained stable for the first two years, a period of volatility emerged in mid-2024 before returning to historical norms.
- Total Quick Assets
- A consistent upward trajectory is observed in total quick assets, which grew from 1,946,351 thousand USD in March 2022 to 5,812,783 thousand USD by June 2026. A notable acceleration in asset accumulation occurred between September 2024 and December 2024, where assets increased by approximately 1.1 billion USD in a single quarter.
- Current Liabilities
- Current liabilities exhibited a general increase over the period, rising from 601,972 thousand USD in March 2022 to 1,874,985 thousand USD in June 2026. The most significant shift occurred between March 2024 and June 2024, where liabilities nearly doubled from 972,793 thousand USD to 1,790,879 thousand USD, indicating a sharp increase in short-term obligations during that window.
- Quick Ratio Trends
- The quick ratio remained highly stable between 3.01 and 3.32 from March 2022 through March 2024. However, the ratio experienced a sharp decline to 1.95 in June 2024, directly correlating with the spike in current liabilities. Following this trough, a recovery phase ensued, with the ratio climbing back to 3.55 by June 2025, driven by both a reduction in liabilities and a continued increase in quick assets. By June 2026, the ratio stabilized at 3.10, aligning with the company's long-term liquidity profile.
Overall, despite the temporary compression of the quick ratio in mid-2024, the liquidity position remains exceptionally strong. The consistent maintenance of a ratio well above 1.0 suggests a significant cushion to meet immediate financial commitments without relying on the sale of inventory.
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Cash Ratio
Datadog Inc., cash ratio calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Cash and cash equivalents | 434,957) | 426,360) | 401,305) | 540,602) | 489,030) | 1,079,854) | 1,246,983) | 337,418) | 410,963) | 282,218) | 330,339) | 261,309) | 291,304) | 222,548) | 338,985) | 294,815) | 238,859) | 271,686) | ||||||
| Marketable securities | 4,550,481) | 4,332,257) | 4,073,531) | 3,599,737) | 3,421,940) | 3,369,820) | 2,942,076) | 2,861,536) | 2,549,143) | 2,499,151) | 2,252,559) | 2,080,380) | 1,894,058) | 1,795,342) | 1,545,341) | 1,471,448) | 1,464,681) | 1,399,323) | ||||||
| Total cash assets | 4,985,438) | 4,758,617) | 4,474,836) | 4,140,339) | 3,910,970) | 4,449,674) | 4,189,059) | 3,198,954) | 2,960,106) | 2,781,369) | 2,582,898) | 2,341,689) | 2,185,362) | 2,017,890) | 1,884,326) | 1,766,263) | 1,703,540) | 1,671,009) | ||||||
| Current liabilities | 1,874,985) | 1,655,903) | 1,591,401) | 1,320,694) | 1,353,192) | 1,854,823) | 1,862,713) | 1,780,263) | 1,790,879) | 972,793) | 1,003,052) | 842,476) | 761,362) | 772,954) | 759,748) | 674,408) | 625,876) | 601,972) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||
| Cash ratio1 | 2.66 | 2.87 | 2.81 | 3.13 | 2.89 | 2.40 | 2.25 | 1.80 | 1.65 | 2.86 | 2.58 | 2.78 | 2.87 | 2.61 | 2.48 | 2.62 | 2.72 | 2.78 | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||
| Accenture PLC | 0.45 | 0.49 | 0.56 | 0.51 | 0.50 | 0.48 | 0.26 | 0.30 | 0.32 | 0.41 | 0.50 | 0.50 | 0.38 | 0.36 | 0.45 | 0.41 | 0.35 | 0.37 | ||||||
| Adobe Inc. | 0.47 | 0.60 | 0.65 | 0.64 | 0.63 | 0.81 | 0.75 | 0.78 | 0.85 | 0.72 | 0.95 | 0.90 | 0.82 | 0.76 | 0.75 | 0.77 | 0.72 | 0.65 | ||||||
| AppLovin Corp. | 2.43 | 1.85 | 1.86 | 1.55 | 1.09 | 0.39 | 0.70 | 0.73 | 0.63 | 0.57 | 0.53 | 0.41 | 1.48 | 2.01 | 1.87 | 1.74 | 1.48 | 1.80 | ||||||
| Cadence Design Systems Inc. | 0.78 | 0.65 | 1.84 | 1.96 | 1.89 | 2.14 | 1.93 | 1.66 | 0.69 | 0.69 | 0.63 | 0.76 | 0.73 | 0.78 | 0.65 | 0.82 | 0.99 | 1.18 | ||||||
| International Business Machines Corp. | 0.23 | 0.29 | 0.37 | 0.42 | 0.41 | 0.50 | 0.45 | 0.48 | 0.54 | 0.60 | 0.39 | 0.36 | 0.50 | 0.57 | 0.28 | 0.32 | 0.24 | 0.32 | ||||||
| Intuit Inc. | 0.34 | 0.49 | 0.44 | 0.64 | 0.34 | 0.39 | 0.54 | 0.76 | 0.24 | 0.45 | 0.97 | 0.97 | 0.54 | 0.82 | 0.90 | 1.09 | 0.48 | 1.52 | ||||||
| Microsoft Corp. | 0.69 | 0.76 | 0.67 | 0.70 | 0.66 | 0.68 | 0.60 | 0.68 | 0.67 | 1.15 | 1.07 | 1.22 | 1.22 | 1.23 | 1.10 | 1.35 | 1.62 | 1.62 | ||||||
| Oracle Corp. | 0.52 | 0.28 | 0.34 | 0.60 | 0.39 | 0.34 | 0.34 | 0.40 | 0.36 | 0.48 | 0.44 | 0.38 | 0.27 | 0.32 | 1.12 | 1.12 | 1.21 | 1.70 | ||||||
| Palantir Technologies Inc. | 6.13 | 5.80 | 6.11 | 5.45 | 5.51 | 5.61 | 5.25 | 4.84 | 4.96 | 5.15 | 4.93 | 4.77 | 4.53 | 4.83 | 4.48 | 3.59 | 3.69 | 3.77 | ||||||
| Palo Alto Networks Inc. | 0.57 | 0.57 | 0.36 | 0.43 | 0.43 | 0.46 | 0.34 | 0.41 | 0.43 | 0.52 | 0.31 | 0.46 | 0.39 | 0.46 | 0.44 | 0.50 | 0.45 | 0.48 | ||||||
| Salesforce Inc. | 0.68 | 0.72 | 0.50 | 0.66 | 0.60 | 0.76 | 0.53 | 0.61 | 0.60 | 0.65 | 0.48 | 0.65 | 0.67 | 0.68 | 0.48 | 0.62 | 0.55 | 0.98 | ||||||
| ServiceNow Inc. | 0.38 | 0.52 | 0.60 | 0.69 | 0.72 | 0.80 | 0.69 | 0.78 | 0.75 | 0.73 | 0.66 | 0.73 | 0.82 | 0.85 | 0.71 | 0.89 | 0.81 | 0.83 | ||||||
| Synopsys Inc. | 0.66 | 0.56 | 0.80 | 0.75 | 5.93 | 1.62 | 1.53 | 0.79 | 0.66 | 0.48 | 0.53 | 0.67 | 0.62 | 0.48 | 0.56 | 0.60 | 0.70 | 0.51 | ||||||
| Workday Inc. | 1.66 | 1.65 | 1.45 | 1.62 | 1.63 | 1.62 | 1.55 | 1.71 | 1.59 | 1.56 | 1.32 | 1.48 | 1.30 | 1.31 | 0.72 | 0.83 | 0.77 | 0.71 | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,985,438 ÷ 1,874,985 = 2.66
2 Click competitor name to see calculations.
The liquidity position of the organization remains strong throughout the analyzed period, characterized by a consistent ability to cover current liabilities using only cash assets. Total cash assets grew significantly from 1.67 billion US dollars in March 2022 to nearly 5 billion US dollars by June 2026, indicating a substantial accumulation of liquid reserves over time.
- Cash Asset Trends
- A consistent growth pattern is observed in total cash assets, which rose from 1,671,009 thousand US dollars in March 2022 to 4,985,438 thousand US dollars by June 2026. Despite a temporary contraction in March 2025, where assets dipped to 3,910,970 thousand US dollars, the overall trajectory remains aggressively upward.
- Current Liability Fluctuations
- Current liabilities exhibited a period of relative stability between March 2022 and March 2024, remaining below 1 billion US dollars. A sharp increase occurred in June 2024, where liabilities rose to 1,790,879 thousand US dollars from 972,793 thousand US dollars in the preceding quarter. Following this spike, liabilities fluctuated between 1.32 billion and 1.87 billion US dollars through June 2026.
- Cash Ratio Analysis
- The cash ratio maintained a high baseline, generally fluctuating between 2.40 and 3.13. A notable decline occurred in June 2024, with the ratio dropping to its lowest point of 1.65, coinciding with the surge in current liabilities. However, a strong recovery followed, with the ratio peaking at 3.13 in September 2025. This indicates that while short-term obligations increased sharply in mid-2024, the organization successfully restored its liquidity margin.
- Overall Liquidity Outlook
- The organization consistently maintained a cash ratio well above 1.0, suggesting that it possesses more than enough cash to satisfy all immediate obligations without relying on the sale of other current assets or external financing. The expansion of the cash reserve relative to liabilities over the long term suggests a conservative and highly liquid financial strategy.
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