Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Analysis of Liquidity Ratios 
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Intuit Inc., liquidity ratios (quarterly data)

Microsoft Excel
Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Current ratio 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 1.94 1.96 1.53 3.09 2.26 1.79 1.67 1.80
Quick ratio 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 1.60 1.72 1.20 2.74 2.04 1.54 1.30 1.34
Cash ratio 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 1.46 1.52 1.02 2.69 2.00 1.46 1.03 1.28

Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).


The analysis of the liquidity ratios over the presented periods reveals several notable trends and fluctuations that suggest changing liquidity conditions over time.

Current Ratio
The current ratio exhibited variability from October 2019 through July 2025. Initially, it showed a moderate level around 1.8, followed by a rise in mid-2020 reaching a peak above 3.0 in October 2020, indicating improved short-term liquidity at that time. Subsequent periods witnessed a general decline with intermittent recoveries, stabilizing mostly between 1.1 and 1.5 in the latter years. This pattern suggests that while the company maintained the ability to cover short-term liabilities with current assets, the liquidity buffer diminished relative to the peak observed in 2020.
Quick Ratio
The quick ratio followed a broadly similar pattern to the current ratio but with a tendency to show sharper declines, especially beyond January 2022. Early values hovered around 1.3 to 2.7 in 2019 and 2020, peaking again in late 2020. However, from early 2022 onward, the ratio mostly remained below 1.3, often dropping below 1.0 in several quarters, reaching lows as low as approximately 0.54. These lower values may indicate reduced immediately liquid assets relative to current liabilities, signaling potential constraints in the ability to quickly convert assets into cash if needed.
Cash Ratio
The cash ratio showed the most pronounced volatility and generally trended downward across the entire timeframe. Early values were relatively high, frequently exceeding 1.0 and peaking near 2.7 in October 2020, reflecting a strong cash position relative to current liabilities. Starting in 2021 and especially past January 2022, the ratio declined significantly, fluctuating mostly below 1.0, with several quarters dropping to approximately 0.24-0.45. This decline indicates a reduction in the company's liquidity in terms of cash and cash equivalents, suggesting tighter cash management or increased usage of available cash for operations or investments.

Overall, these liquidity measures collectively demonstrate that the company experienced enhanced liquidity in the earlier part of the observed period, reaching a height around late 2020. However, post-2020, there has been a general contraction in liquidity levels, with the cash and quick ratios revealing particular pressure on the most liquid resources. This trend may warrant attention to ensure the company maintains adequate liquidity to meet short-term obligations without reliance on less liquid current assets.


Current Ratio

Intuit Inc., current ratio calculation (quarterly data)

Microsoft Excel
Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Selected Financial Data (US$ in millions)
Current assets 14,107 13,965 9,135 10,726 9,678 9,236 7,300 6,231 5,557 6,649 4,756 4,554 5,047 5,858 3,490 4,487 5,157 5,327 4,094 6,651 7,980 4,862 3,690 3,162
Current liabilities 10,370 9,654 7,179 8,619 7,491 6,163 6,216 4,996 3,790 4,415 3,862 3,325 3,630 3,591 2,968 2,138 2,655 2,712 2,677 2,152 3,529 2,713 2,204 1,757
Liquidity Ratio
Current ratio1 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 1.94 1.96 1.53 3.09 2.26 1.79 1.67 1.80
Benchmarks
Current Ratio, Competitors2
Accenture PLC 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 1.25 1.42 1.39 1.45 1.40 1.37 1.38 1.39
Adobe Inc. 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 1.25 1.39 1.31 1.27 1.48 1.44 1.29 1.23
Cadence Design Systems Inc. 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 1.77 1.70 1.57 1.70 1.86 1.55 1.42 1.38
CrowdStrike Holdings Inc. 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 2.65 1.91 2.18 2.25 2.38 2.53 2.94 1.03
Datadog Inc. 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 3.54 3.94 4.31 5.45 5.77 6.49 6.74 4.43
Fair Isaac Corp. 0.92 2.11 1.80 1.62 1.87 2.04 1.31 1.51 1.46 1.40 1.36 1.46 1.23 1.26 1.44 0.99 1.02 1.10 1.30 1.29 1.05 1.01 1.04
International Business Machines Corp. 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 0.88 0.84 0.84 0.93 0.98 1.05 1.04 0.96
Microsoft Corp. 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 2.08 2.29 2.58 2.53 2.52 2.90 2.80 2.85
Oracle Corp. 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 2.30 2.16 2.17 2.66 3.03 2.12 2.37 2.25
Palantir Technologies Inc. 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 4.34 4.13 3.90 3.88
Palo Alto Networks Inc. 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 0.91 1.38 0.98 1.63 1.91 1.29 1.78 1.78
Salesforce Inc. 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 1.23 1.22 1.15 1.15 1.08 1.05 0.97 0.96
ServiceNow Inc. 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 1.05 1.13 1.08 1.23 1.21 1.40 1.17 1.03
Synopsys Inc. 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 1.16 1.18 1.19 1.10 1.19 1.06 0.95 0.95
Workday Inc. 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 1.12 1.09 1.45 1.25 1.04 1.19 0.81 1.09

Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).

1 Q4 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 14,107 ÷ 10,370 = 1.36

2 Click competitor name to see calculations.


Current Assets
The current assets show a pattern of significant fluctuations over the periods. There is a notable peak in July 2020 at 7,980 million USD, followed by a decrease in October 2020 to 6,651 million USD. Subsequent quarters experienced variability, with increases and decreases, but an overall upward trend is visible from early 2023 onward. From January 2024 through April 2025, current assets increase steadily, reaching a high of 14,107 million USD by July 2025.
Current Liabilities
Current liabilities similarly fluctuate but display a more consistent upward trend, particularly from mid-2020 onwards. After an initial increase to 3,529 million USD in July 2020, there was a decline in the latter part of 2020, followed by higher values starting in early 2021. From January 2024, liabilities steadily increase, peaking at 10,370 million USD in July 2025, reflecting growing short-term obligations over the longer term.
Current Ratio
The current ratio demonstrates substantial variability, with values ranging from a low of 1.17 in January 2024 to a high of 3.09 in October 2020. A marked increase is observed in the middle of 2020, coinciding with the high current assets peak, suggesting improved short-term liquidity during that period. However, following this peak, the ratio generally declines and stabilizes around the range of 1.2 to 1.5 in subsequent years. This indicates maintained but more moderate liquidity levels despite increasing liabilities. No extreme liquidity shortages or surpluses are suggested by these ratios.
Summary
Overall, both current assets and current liabilities exhibit upward trends, with current liabilities increasing at a slightly more pronounced pace in recent periods. The current ratio variation points to periods of enhanced liquidity, most notably around mid-2020, followed by a more balanced liquidity position in later periods. The recent steady increase in current assets outpaces current liabilities growth, which could be interpreted as a strengthening of short-term financial flexibility heading into mid-2025.

Quick Ratio

Intuit Inc., quick ratio calculation (quarterly data)

Microsoft Excel
Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,884 5,443 2,435 2,872 3,609 4,215 1,474 1,734 2,848 3,745 1,547 2,125 2,796 3,531 1,257 2,864 2,562 3,164 1,952 5,174 6,442 3,371 1,641 1,630
Investments 1,668 731 24 486 465 463 15 537 814 523 524 599 485 373 157 386 1,308 952 786 619 608 600 625 625
Accounts receivable, net 530 724 1,017 426 457 790 928 372 405 717 903 384 446 738 889 411 391 554 465 99 149 219 603 104
Notes receivable held for investment, net 1,403 1,278 1,376 892 779 698 1,001 649 687 700 948 566 509
Notes receivable held for sale 47 14 10 3 7 21 9
Total quick assets 6,485 8,223 4,866 4,686 5,313 6,173 3,439 3,301 4,754 5,685 3,922 3,674 4,236 4,642 2,303 3,661 4,261 4,670 3,203 5,892 7,199 4,190 2,869 2,359
 
Current liabilities 10,370 9,654 7,179 8,619 7,491 6,163 6,216 4,996 3,790 4,415 3,862 3,325 3,630 3,591 2,968 2,138 2,655 2,712 2,677 2,152 3,529 2,713 2,204 1,757
Liquidity Ratio
Quick ratio1 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 1.60 1.72 1.20 2.74 2.04 1.54 1.30 1.34
Benchmarks
Quick Ratio, Competitors2
Accenture PLC 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 1.14 1.31 1.27 1.34 1.29 1.25 1.25 1.28
Adobe Inc. 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 1.11 1.25 1.18 1.12 1.34 1.28 1.11 1.06
Cadence Design Systems Inc. 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 1.47 1.48 1.33 1.43 1.59 1.44 1.30 1.22
CrowdStrike Holdings Inc. 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 2.50 1.76 2.01 2.07 2.18 2.36 2.76 0.87
Datadog Inc. 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 3.45 3.84 4.19 5.31 5.64 6.35 6.59 4.29
Fair Isaac Corp. 0.83 1.86 1.62 1.52 1.76 1.92 1.22 1.43 1.39 1.28 1.26 1.37 1.15 1.17 1.31 0.91 0.95 0.92 1.16 1.19 0.93 0.87 0.89
International Business Machines Corp. 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 0.69 0.64 0.66 0.75 0.83 0.88 0.88 0.80
Microsoft Corp. 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 1.90 2.10 2.36 2.30 2.33 2.73 2.65 2.68
Oracle Corp. 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 2.15 2.00 2.02 2.50 2.83 1.91 2.16 2.09
Palantir Technologies Inc. 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 4.11 3.90 3.79 3.73
Palo Alto Networks Inc. 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 0.86 1.23 0.88 1.48 1.78 1.16 1.64 1.64
Salesforce Inc. 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 1.11 1.05 0.98 1.00 0.95 0.87 0.82 0.81
ServiceNow Inc. 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 1.01 1.07 1.03 1.19 1.16 1.33 1.11 0.98
Synopsys Inc. 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 0.89 0.90 0.92 0.83 0.94 0.82 0.73 0.73
Workday Inc. 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 1.07 1.02 1.35 1.15 0.95 1.09 0.74 1.00

Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).

1 Q4 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,485 ÷ 10,370 = 0.63

2 Click competitor name to see calculations.


Quick Assets Trend
The total quick assets have exhibited significant volatility over the analyzed periods. Starting at $2,359 million in October 2019, they increased sharply to a peak of $7,199 million by July 2020, followed by a substantial decline to $3,203 million in January 2021. Subsequent quarters reflected fluctuations generally between $3,000 million and $5,600 million, with another pronounced peak at $8,223 million in July 2025. The overall pattern shows a cyclical trend with intermittent peaks and troughs, indicating periods of asset accumulation followed by contraction.
Current Liabilities Trend
Current liabilities started at $1,757 million in October 2019 and steadily rose to $3,529 million by July 2020. Thereafter, liabilities fluctuated but trended upward significantly, reaching $6,216 million in January 2024 and peaking at $10,370 million in January 2025. This represents a sharp increase in short-term obligations over the five-year span, with certain quarters showing accelerated growth. The data suggests increasing leverage and potentially higher short-term debt pressure.
Quick Ratio Analysis
The quick ratio began at a moderate 1.34 in October 2019, improved substantially to a high of 2.74 by October 2020, indicating strong liquidity at that point. However, this was followed by a declining trend with temporary recoveries, falling to lows around 0.54 to 0.66 in late 2024 and early 2025. The ratio’s variability points to periods of liquidity strength interspersed with times of tighter short-term financial flexibility. The general trend post-2020 suggests increasing difficulty in covering current liabilities with quick assets, as liquidity ratios moved below 1.0 in multiple periods.
Overall Financial Insights
The company’s liquidity position has been inconsistent, with quick assets and current liabilities both showing significant volatility. Peaks in quick assets were often offset by concurrent rises in current liabilities, which weighed on the quick ratio. The increasing current liabilities towards the later periods, alongside a declining quick ratio, could indicate rising short-term financing demands or delays in asset conversion to cash. The fluctuation in liquidity ratios signifies periods of both strong and weak short-term financial health, necessitating close monitoring to ensure obligations are met without stress on operating liquidity.

Cash Ratio

Intuit Inc., cash ratio calculation (quarterly data)

Microsoft Excel
Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,884 5,443 2,435 2,872 3,609 4,215 1,474 1,734 2,848 3,745 1,547 2,125 2,796 3,531 1,257 2,864 2,562 3,164 1,952 5,174 6,442 3,371 1,641 1,630
Investments 1,668 731 24 486 465 463 15 537 814 523 524 599 485 373 157 386 1,308 952 786 619 608 600 625 625
Total cash assets 4,552 6,174 2,459 3,358 4,074 4,678 1,489 2,271 3,662 4,268 2,071 2,724 3,281 3,904 1,414 3,250 3,870 4,116 2,738 5,793 7,050 3,971 2,266 2,255
 
Current liabilities 10,370 9,654 7,179 8,619 7,491 6,163 6,216 4,996 3,790 4,415 3,862 3,325 3,630 3,591 2,968 2,138 2,655 2,712 2,677 2,152 3,529 2,713 2,204 1,757
Liquidity Ratio
Cash ratio1 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 1.46 1.52 1.02 2.69 2.00 1.46 1.03 1.28
Benchmarks
Cash Ratio, Competitors2
Accenture PLC 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 0.52 0.67 0.65 0.68 0.67 0.54 0.49 0.52
Adobe Inc. 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 0.84 1.00 0.94 0.85 1.09 1.03 0.84 0.80
Cadence Design Systems Inc. 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 1.12 1.12 0.91 0.94 1.17 1.17 1.03 0.93
CrowdStrike Holdings Inc. 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 2.22 1.51 1.76 1.81 1.85 2.01 2.42 0.58
Datadog Inc. 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 2.94 3.33 3.70 4.82 5.09 5.87 6.07 3.77
Fair Isaac Corp. 0.25 0.43 0.56 0.40 0.46 0.43 0.37 0.37 0.41 0.37 0.39 0.40 0.40 0.46 0.50 0.35 0.44 0.40 0.37 0.38 0.27 0.23 0.25
International Business Machines Corp. 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 0.22 0.23 0.22 0.31 0.36 0.41 0.37 0.30
Microsoft Corp. 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 1.47 1.74 1.96 1.97 1.89 2.34 2.25 2.35
Oracle Corp. 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 1.93 1.77 1.81 2.26 2.50 1.64 1.88 1.89
Palantir Technologies Inc. 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 3.83 3.64 3.43 3.50
Palo Alto Networks Inc. 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 0.57 0.98 0.72 1.22 1.39 0.87 1.40 1.39
Salesforce Inc. 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 0.67 0.78 0.72 0.76 0.54 0.62 0.59 0.61
ServiceNow Inc. 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 0.67 0.80 0.76 0.94 0.83 1.04 0.82 0.68
Synopsys Inc. 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 0.65 0.66 0.65 0.47 0.58 0.51 0.42 0.34
Workday Inc. 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 0.83 0.81 1.08 0.94 0.65 0.84 0.56 0.77

Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).

1 Q4 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,552 ÷ 10,370 = 0.44

2 Click competitor name to see calculations.


The analysis of the quarterly financial data reveals several key trends in the company's liquidity position over the observed periods.

Total Cash Assets
The total cash assets demonstrate notable volatility, with significant fluctuations across quarters. There is a pronounced peak in July 2020 at 7,050 million US dollars, followed by a decline to 1,414 million in January 2022. After this trough, cash assets exhibit cyclical increases and decreases, reaching peaks such as 6,174 million in July 2025. This pattern suggests periods of cash accumulation alternating with drawdowns, potentially indicative of strategic cash management or varying operational cash flows.
Current Liabilities
Current liabilities exhibit an overall increasing trend throughout the periods. Starting at 1,757 million in October 2019, liabilities increase significantly to over 10,370 million by January 2025, with some fluctuations along the timeline. The rise in current liabilities is particularly sharp from mid-2022 onwards, implying higher short-term obligations or increased operational scaling that is reflected on the balance sheet.
Cash Ratio
The cash ratio, which compares cash assets to current liabilities, shows a declining trend over the periods. Initially, it peaks at 2.69 in October 2020, suggesting strong liquidity coverage, but then decreases steadily to lows of around 0.24 by January 2024. The ratio remains below 1 for much of the latter periods, including the most recent quarters, indicating that cash assets are insufficient to cover current liabilities on their own. This declining trend may raise concerns about short-term liquidity management and the ability to meet immediate obligations purely with cash assets.

Overall, the data indicate that while the company maintains substantial cash asset reserves at certain points, these reserves fluctuate significantly and generally do not keep pace with the growing current liabilities. This disparity results in a deteriorating cash ratio, which could impact the firm's short-term financial stability and warrants further scrutiny of working capital management strategies.