Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Palantir Technologies Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-09-30), 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 analyzed period reveals a consistent and significant strengthening of the liquidity position. All primary liquidity metrics demonstrate a sustained upward trajectory from March 2022 through September 2026, indicating an increasing capacity to cover short-term obligations with liquid assets.
- Current Ratio
- A steady increase is observed, with the ratio rising from 4.38 in March 2022 to a peak of 7.23 in June 2026, before settling at 7.10 by September 2026. This trend reflects a substantial growth in current assets relative to current liabilities, suggesting an exceptionally high margin of safety for meeting short-term debts.
- Quick Ratio
- The quick ratio closely mirrors the movement of the current ratio, starting at 4.15 and reaching 6.92 by the end of the period. The minimal variance between the current and quick ratios indicates that inventory comprises a negligible portion of the current asset base, which is characteristic of a service or software-oriented operational model.
- Cash Ratio
- The cash ratio exhibits a positive growth trend, moving from 3.77 in March 2022 to a high of 6.13 in June 2026. Although the cash ratio remains lower than the quick and current ratios, its absolute values remain remarkably high, confirming that a significant majority of the company's liquidity is held in cash or cash equivalents.
The simultaneous rise across all three metrics underscores a strategy of aggressive liquidity accumulation. The widening gap between the current ratio and the cash ratio over time suggests a diversification of current assets, although the overall liquidity profile remains extremely conservative and robust.
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Current Ratio
Palantir Technologies Inc., current ratio calculation (quarterly data)
| Sep 30, 2026 | 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 | 12,767,770) | 11,099,513) | 9,551,704) | 8,358,174) | 7,586,156) | 6,890,393) | 6,282,599) | 5,934,289) | 5,351,962) | 4,773,510) | 4,436,064) | 4,138,618) | 3,809,397) | 3,576,914) | 3,256,147) | 3,041,577) | 2,946,610) | 2,902,439) | 2,927,374) | ||||||
| Current liabilities | 1,797,716) | 1,535,582) | 1,382,949) | 1,175,581) | 1,180,403) | 1,089,640) | 967,443) | 996,018) | 943,456) | 806,919) | 750,553) | 746,018) | 688,925) | 685,384) | 601,413) | 587,941) | 688,350) | 665,742) | 669,104) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Current ratio1 | 7.10 | 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 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||
| Accenture PLC | 1.34 | 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. | 0.77 | 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. | 1.36 | 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 | ||||||
| Datadog Inc. | — | 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 | ||||||
| International Business Machines Corp. | 0.85 | 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. | 1.45 | 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. | 1.28 | 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. | 1.35 | 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 | ||||||
| Palo Alto Networks Inc. | 0.86 | 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. | 0.98 | 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. | 0.72 | 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. | 1.34 | 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. | 1.83 | 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: 2026-09-30), 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 Q3 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,767,770 ÷ 1,797,716 = 7.10
2 Click competitor name to see calculations.
The liquidity position of the entity demonstrates a significant and consistent strengthening over the period from March 31, 2022, to September 30, 2026. A substantial expansion in the margin of safety is evident, as the growth in current assets significantly outpaces the growth in current liabilities, resulting in a markedly higher capacity to meet short-term obligations.
- Current Asset Growth
- A strong upward trajectory is observed in current assets, which increased from approximately 2.93 billion US$ in March 2022 to 12.77 billion US$ by September 2026. The growth accelerated notably starting in 2024, with a rapid accumulation of liquid resources that provides a robust foundation for operational flexibility and strategic investment.
- Current Liability Management
- Current liabilities exhibited a more moderate increase, rising from 669.1 million US$ in March 2022 to 1.80 billion US$ in September 2026. While liabilities grew over the period, the rate of increase remained significantly lower than that of assets, indicating controlled short-term debt and obligation management.
- Current Ratio Analysis
- The current ratio rose from 4.38 in March 2022 to 7.10 in September 2026. The ratio remained above 4.0 throughout the entire period, indicating an exceptionally strong liquidity position. A notable shift occurred between December 2022 and March 2023, where the ratio moved from 5.17 to 5.41, marking the beginning of a broader trend toward higher liquidity. The ratio peaked at 7.23 in June 2026, suggesting an extremely low risk of short-term insolvency and a high degree of financial autonomy.
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Quick Ratio
Palantir Technologies Inc., quick ratio calculation (quarterly data)
| Sep 30, 2026 | 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 | 3,619,414) | 2,030,047) | 2,291,631) | 1,423,796) | 1,615,967) | 929,547) | 993,464) | 2,098,524) | 768,710) | 512,659) | 520,388) | 831,047) | 1,040,310) | 1,055,923) | 1,264,738) | 2,598,540) | 2,411,290) | 2,358,393) | 2,269,411) | ||||||
| Marketable securities | 6,942,117) | 7,379,052) | 5,734,782) | 5,753,247) | 4,821,850) | 5,070,875) | 4,437,225) | 3,131,463) | 3,795,949) | 3,485,800) | 3,347,512) | 2,843,132) | 2,243,264) | 2,047,329) | 1,639,797) | 35,135) | 57,342) | 99,210) | 252,563) | ||||||
| Accounts receivable, net | 1,883,498) | 1,485,249) | 1,405,588) | 1,042,065) | 1,005,910) | 747,484) | 725,205) | 575,048) | 668,110) | 659,339) | 486,986) | 364,784) | 430,269) | 375,756) | 254,041) | 258,346) | 343,264) | 265,826) | 256,554) | ||||||
| Total quick assets | 12,445,029) | 10,894,348) | 9,432,001) | 8,219,108) | 7,443,727) | 6,747,906) | 6,155,894) | 5,805,035) | 5,232,769) | 4,657,798) | 4,354,886) | 4,038,963) | 3,713,843) | 3,479,008) | 3,158,576) | 2,892,021) | 2,811,896) | 2,723,429) | 2,778,528) | ||||||
| Current liabilities | 1,797,716) | 1,535,582) | 1,382,949) | 1,175,581) | 1,180,403) | 1,089,640) | 967,443) | 996,018) | 943,456) | 806,919) | 750,553) | 746,018) | 688,925) | 685,384) | 601,413) | 587,941) | 688,350) | 665,742) | 669,104) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Quick ratio1 | 6.92 | 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 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||
| Accenture PLC | 1.21 | 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. | 0.65 | 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. | 1.04 | 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 | ||||||
| Datadog Inc. | — | 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 | ||||||
| International Business Machines Corp. | 0.68 | 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. | 0.76 | 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. | 1.01 | 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. | 1.22 | 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 | ||||||
| Palo Alto Networks Inc. | 0.78 | 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. | 0.78 | 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. | 0.63 | 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 | 0.99 | 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. | 1.71 | 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: 2026-09-30), 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 Q3 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 12,445,029 ÷ 1,797,716 = 6.92
2 Click competitor name to see calculations.
The analyzed period reflects a substantial and consistent strengthening of the liquidity position. The quick ratio demonstrates a clear upward trajectory, evolving from a strong baseline of 4.15 in March 2022 to a highly liquid state of 6.92 by September 2026. This trend indicates an increasing capacity to cover short-term obligations without relying on the sale of inventory.
- Quick Asset Expansion
- A significant growth pattern is observed in total quick assets, which increased from approximately 2.78 billion US dollars in March 2022 to 12.45 billion US dollars by September 2026. This represents an expansion of more than 4.4 times the initial value, suggesting aggressive capital accumulation or high cash generation over the analyzed timeframe.
- Current Liability Trends
- Current liabilities experienced a moderate increase, rising from 669 million US dollars in March 2022 to 1.80 billion US dollars in September 2026. While total liabilities grew, the rate of increase was substantially slower than the growth of quick assets, which served as the primary driver for the improving liquidity ratios.
- Quick Ratio Progression
- The quick ratio maintained a stable range between 4.08 and 4.15 during the first three quarters of 2022 before entering a phase of steady growth. The ratio surpassed the 5.0 threshold in March 2023 and continued to climb, reaching a peak of 7.09 in June 2026. This progression reflects a widening margin of safety regarding the company's immediate financial obligations.
- Liquidity Analysis Insight
- The divergence between the rapid accumulation of quick assets and the controlled growth of current liabilities suggests a highly conservative liquidity strategy. By the end of the period, the company held nearly seven times the liquid assets required to satisfy its current liabilities, indicating an exceptionally low risk of short-term insolvency.
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Cash Ratio
Palantir Technologies Inc., cash ratio calculation (quarterly data)
| Sep 30, 2026 | 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 | 3,619,414) | 2,030,047) | 2,291,631) | 1,423,796) | 1,615,967) | 929,547) | 993,464) | 2,098,524) | 768,710) | 512,659) | 520,388) | 831,047) | 1,040,310) | 1,055,923) | 1,264,738) | 2,598,540) | 2,411,290) | 2,358,393) | 2,269,411) | ||||||
| Marketable securities | 6,942,117) | 7,379,052) | 5,734,782) | 5,753,247) | 4,821,850) | 5,070,875) | 4,437,225) | 3,131,463) | 3,795,949) | 3,485,800) | 3,347,512) | 2,843,132) | 2,243,264) | 2,047,329) | 1,639,797) | 35,135) | 57,342) | 99,210) | 252,563) | ||||||
| Total cash assets | 10,561,531) | 9,409,099) | 8,026,413) | 7,177,043) | 6,437,817) | 6,000,422) | 5,430,689) | 5,229,987) | 4,564,659) | 3,998,459) | 3,867,900) | 3,674,179) | 3,283,574) | 3,103,252) | 2,904,535) | 2,633,675) | 2,468,632) | 2,457,603) | 2,521,974) | ||||||
| Current liabilities | 1,797,716) | 1,535,582) | 1,382,949) | 1,175,581) | 1,180,403) | 1,089,640) | 967,443) | 996,018) | 943,456) | 806,919) | 750,553) | 746,018) | 688,925) | 685,384) | 601,413) | 587,941) | 688,350) | 665,742) | 669,104) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Cash ratio1 | 5.87 | 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 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||
| Accenture PLC | 0.47 | 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 | 0.47 | 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. | 0.59 | 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 | ||||||
| Datadog Inc. | — | 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 | ||||||
| International Business Machines Corp. | 0.30 | 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. | 0.55 | 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. | 0.57 | 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. | 0.96 | 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 | ||||||
| Palo Alto Networks Inc. | 0.35 | 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. | 0.53 | 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. | 0.39 | 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. | 0.73 | 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. | 1.36 | 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: 2026-09-30), 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 Q3 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,561,531 ÷ 1,797,716 = 5.87
2 Click competitor name to see calculations.
The liquidity profile of the organization demonstrates a consistent and significant strengthening of its short-term financial position over the analyzed period. There is a pronounced upward trajectory in cash reserves that has outpaced the growth of current obligations, resulting in an exceptionally high capacity to meet immediate liabilities.
- Total Cash Asset Growth
- A substantial increase in cash assets is observed, rising from 2,521,974 thousand US dollars in March 2022 to 10,561,531 thousand US dollars by September 2026. The growth pattern is characterized by steady accumulation, with a notable acceleration in cash build-up starting in 2024 and continuing through the end of the period.
- Current Liabilities Trend
- Current liabilities experienced a gradual increase, moving from 669,104 thousand US dollars in March 2022 to 1,797,716 thousand US dollars in September 2026. While these obligations grew over time, the rate of increase remained significantly lower than the growth rate of the cash assets, indicating controlled expansion of short-term debt and operational liabilities.
- Cash Ratio Analysis
- The cash ratio shifted from 3.77 in March 2022 to 5.87 in September 2026, reflecting a robust improvement in liquidity. The ratio remained consistently above 3.5 throughout the entire duration, peaking at 6.13 in June 2026. This indicates that for every dollar of current liability, the organization held between 3.77 and 6.13 dollars in cash and cash equivalents, suggesting a conservative financial posture with minimal liquidity risk.
The divergent growth rates between liquid assets and current liabilities have led to a widening liquidity margin. The consistent rise in the cash ratio suggests a strategic accumulation of capital, ensuring the entity is well-positioned to cover all short-term debts multiple times over without relying on the sale of other current assets or external financing.
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