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: 2026-03-31), 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 indicates a consistently strong ability to meet short-term obligations, characterized by high ratios across all measured metrics. While the liquidity position remained stable for the initial two years, a notable contraction occurred in mid-2024, followed by a period of recovery and stabilization through early 2026.
- Current Ratio
- The ratio remained steady between 3.09 and 3.43 from March 2022 through March 2024. A significant decline was observed in June 2024, with the ratio dropping to 2.01, representing the lowest point in the analyzed period. This was followed by a sustained recovery, peaking at 3.66 in June 2025 before settling at 3.40 by March 2026.
- Quick Ratio
- The quick ratio closely mirrored the movement of the current ratio, maintaining a range of 3.01 to 3.32 in the first two years. A sharp dip occurred in June 2024, reaching a minimum of 1.95. A subsequent upward trend saw the ratio rise to 3.55 in June 2025, eventually stabilizing at 3.28 by the end of the period.
- Cash Ratio
- Cash liquidity remained robust, with values fluctuating between 2.48 and 2.87 until June 2024, when the ratio fell to 1.65. This metric recovered steadily, reaching a peak of 3.13 in June 2025 and finishing at 2.87 in March 2026. The consistently high cash ratio underscores a significant reliance on cash and cash equivalents for liability coverage.
- Comparative Liquidity Insight
- The minimal variance between the current, quick, and cash ratios suggests that current assets are predominantly composed of highly liquid cash balances, with negligible impact from inventories or other less liquid current assets. This indicates an exceptionally conservative liquidity management strategy.
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Current Ratio
Datadog Inc., current ratio calculation (quarterly data)
| 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 | 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 | 1,655,903) | 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 | 3.40 | 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 | 1.41 | 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. | 0.91 | 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. | 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. | 1.47 | 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 | ||||||
| CrowdStrike Holdings Inc. | 1.85 | 1.77 | 1.86 | 1.90 | 1.80 | 1.76 | 1.74 | 1.82 | 1.78 | 1.73 | 1.76 | 1.80 | 1.83 | 1.83 | 1.90 | 1.98 | 2.07 | ||||||
| International Business Machines Corp. | 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. | 1.39 | 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. | 1.40 | 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. | 0.62 | 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. | 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. | 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. | 1.07 | 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. | 0.84 | 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. | 1.36 | 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. | 2.07 | 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: 2026-03-31), 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 Q1 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,625,206 ÷ 1,655,903 = 3.40
2 Click competitor name to see calculations.
The liquidity position demonstrates consistent strength throughout the analyzed period, characterized by a robust capacity to meet short-term obligations. The current ratio remained significantly above 1.0, suggesting a conservative and secure approach to working capital management.
- Current Asset Trajectory
- A sustained upward trend is observed in current assets, which increased from approximately 2.00 billion US dollars in March 2022 to 5.63 billion US dollars by March 2026. A notable acceleration in asset accumulation occurred between September 2024 and December 2024, where values rose from approximately 3.79 billion to 4.91 billion US dollars.
- Current Liability Dynamics
- Current liabilities experienced a general increase punctuated by significant volatility. A sharp rise is observed between March 2024 and June 2024, with liabilities increasing from 972.8 million to 1.79 billion US dollars. This was followed by a period of relative stability and a subsequent reduction to 1.32 billion US dollars by June 2025, before trending upward again to 1.66 billion US dollars by March 2026.
- Current Ratio Analysis
- The current ratio exhibited relative stability between 3.09 and 3.43 from March 2022 through March 2024. A significant contraction occurred in June 2024, where the ratio reached a period low of 2.01, coinciding with the spike in current liabilities. A subsequent recovery trend is evident, with the ratio peaking at 3.66 in June 2025 and stabilizing at 3.40 by March 2026, indicating a restoration of the liquidity buffer.
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Quick Ratio
Datadog Inc., quick ratio calculation (quarterly data)
| 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 | 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 | 4,332,257) | 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 | 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 | 5,439,051) | 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 | 1,655,903) | 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 | 3.28 | 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 | 1.29 | 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. | 0.79 | 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. | 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. | 1.13 | 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 | ||||||
| CrowdStrike Holdings Inc. | 1.65 | 1.58 | 1.69 | 1.72 | 1.64 | 1.60 | 1.59 | 1.66 | 1.63 | 1.58 | 1.62 | 1.66 | 1.68 | 1.68 | 1.76 | 1.81 | 1.93 | ||||||
| International Business Machines Corp. | 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. | 0.78 | 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. | 1.15 | 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. | 0.50 | 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. | 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. | 0.90 | 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. | 0.90 | 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. | 0.75 | 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. | 0.98 | 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. | 1.94 | 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: 2026-03-31), 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 Q1 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 5,439,051 ÷ 1,655,903 = 3.28
2 Click competitor name to see calculations.
The liquidity profile exhibits a general trend of expansion, characterized by a consistent increase in liquid assets and a recovery in the quick ratio following a period of volatility in 2024. Overall, the capacity to meet short-term obligations remains strong, as the quick ratio consistently remains well above 1.0.
- Total Quick Assets Growth
- A steady upward trajectory is observed in total quick assets, which grew from 1.95 billion USD in March 2022 to 5.44 billion USD by March 2026. A notable acceleration in asset accumulation occurred between September 30, 2024, and December 31, 2024, where assets increased by approximately 1.1 billion USD in a single quarter.
- Current Liabilities Volatility
- Current liabilities remained relatively stable below 1 billion USD from March 2022 through March 2024. A significant increase was recorded in June 2024, with liabilities rising to 1.79 billion USD. Following this spike, liabilities fluctuated between 1.32 billion USD and 1.86 billion USD through the remainder of the period, indicating a higher baseline of short-term obligations compared to the 2022-2023 period.
- Quick Ratio Analysis
- The quick ratio maintained a high and stable range between 3.01 and 3.32 from March 2022 to March 2024. A sharp decline to 1.95 was observed in June 2024, coinciding with the sudden increase in current liabilities. Subsequently, the ratio underwent a recovery phase, peaking at 3.55 in June 2025 before stabilizing at 3.28 by March 2026. This recovery suggests that the increase in liquid assets effectively offset the expanded liability base over time.
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Cash Ratio
Datadog Inc., cash ratio calculation (quarterly data)
| 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 | 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 | 4,332,257) | 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 | 4,758,617) | 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 | 1,655,903) | 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 | 2.87 | 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 | 0.49 | 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. | 0.60 | 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. | 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. | 0.65 | 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 | ||||||
| CrowdStrike Holdings Inc. | 1.41 | 1.25 | 1.42 | 1.48 | 1.38 | 1.29 | 1.35 | 1.42 | 1.41 | 1.28 | 1.36 | 1.41 | 1.44 | 1.42 | 1.54 | 1.57 | 1.71 | ||||||
| International Business Machines Corp. | 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. | 0.49 | 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. | 0.76 | 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. | 0.28 | 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. | 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 | 0.36 | 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. | 0.72 | 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. | 0.52 | 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. | 0.56 | 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. | 1.65 | 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: 2026-03-31), 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 Q1 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,758,617 ÷ 1,655,903 = 2.87
2 Click competitor name to see calculations.
Liquidity analysis indicates a robust cash position characterized by consistent growth in total cash assets and a cash ratio that remains significantly above the 1.0 threshold throughout the analyzed period, signaling a strong capacity to meet short-term obligations without relying on the sale of other current assets.
- Total Cash Asset Trends
- A sustained upward trajectory in cash reserves is observed, with assets increasing from 1.67 billion USD in March 2022 to 4.76 billion USD by March 2026. A particularly sharp increase occurred between September 2024 and December 2024, where total cash assets grew by approximately 990 million USD in a single quarter.
- Current Liability Dynamics
- Current liabilities grew steadily from 601.97 million USD in March 2022 to 972.79 million USD in March 2024. A significant spike is noted in June 2024, where liabilities jumped to 1.79 billion USD. This elevated level persisted through December 2024 before a notable reduction to 1.35 billion USD in June 2025, followed by a gradual rise back to 1.66 billion USD by March 2026.
- Cash Ratio Performance and Volatility
- The cash ratio exhibited relative stability between 2.48 and 2.87 from March 2022 through March 2024. A marked decline occurred in June 2024, with the ratio falling to its lowest point of 1.65, directly correlating with the surge in current liabilities. Subsequent quarters show a strong recovery phase, with the ratio peaking at 3.13 in September 2025 before normalizing at 2.87 in March 2026.
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