Current Ratio
since 2005
Calculation
Western Digital Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1.45 | = | 7,886) | ÷ | 5,434) |
| Jul 1, 2022 | 1.81 | = | 9,453) | ÷ | 5,237) |
| Jul 2, 2021 | 2.00 | = | 9,757) | ÷ | 4,870) |
| Jul 3, 2020 | 2.05 | = | 9,048) | ÷ | 4,406) |
| Jun 28, 2019 | 2.22 | = | 8,477) | ÷ | 3,817) |
| Jun 29, 2018 | 2.39 | = | 10,638) | ÷ | 4,456) |
| Jun 30, 2017 | 2.55 | = | 11,056) | ÷ | 4,344) |
| Jul 1, 2016 | 1.81 | = | 12,584) | ÷ | 6,949) |
| Jul 3, 2015 | 2.63 | = | 8,517) | ÷ | 3,242) |
| Jun 27, 2014 | 2.27 | = | 8,720) | ÷ | 3,845) |
| Jun 28, 2013 | 1.91 | = | 7,598) | ÷ | 3,973) |
| Jun 29, 2012 | 1.77 | = | 7,141) | ÷ | 4,032) |
| Jul 1, 2011 | 2.53 | = | 5,487) | ÷ | 2,170) |
| Jul 2, 2010 | 2.33 | = | 4,720) | ÷ | 2,023) |
| Jul 3, 2009 | 2.12 | = | 3,230) | ÷ | 1,525) |
| Jun 27, 2008 | 1.75 | = | 2,731) | ÷ | 1,564) |
| Jun 29, 2007 | 1.80 | = | 2,029) | ÷ | 1,130) |
| Jun 30, 2006 | 1.74 | = | 1,492) | ÷ | 859) |
| Jul 1, 2005 | 1.44 | = | 1,181) | ÷ | 819) |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
1 US$ in millions
The liquidity position of Western Digital Corp. from 2005 to 2023 is characterized by a prolonged period of balance sheet expansion followed by a recent contraction. The current ratio consistently remained above 1.0, signifying that short-term assets exceeded short-term obligations throughout the observed timeframe.
- Asset and Liability Trends
- Current assets grew steadily from 1,181 million USD in 2005 to a peak of 12,584 million USD in 2016. Current liabilities followed a similar growth path, increasing from 819 million USD in 2005 to a peak of 6,949 million USD in 2016. In the subsequent years, current assets trended downward to 7,886 million USD by 2023, while current liabilities stabilized between 4,000 million USD and 5,500 million USD.
- Liquidity Ratio Fluctuations
- The current ratio exhibited significant movement, rising from 1.44 in 2005 to a peak of 2.63 in 2015. A sharp contraction occurred in 2016, where the ratio fell to 1.81, coinciding with a peak in current liabilities. Following this, the ratio recovered and remained above 2.0 between 2017 and 2021.
- Recent Liquidity Compression
- A declining trend in the current ratio is observable from 2021 to 2023, falling from 2.00 to 1.45. This compression is the result of current assets decreasing from 9,757 million USD to 7,886 million USD, while current liabilities increased from 4,870 million USD to 5,434 million USD over the same period.
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Comparison to Competitors
Western Digital Corp., current ratio, long-term trends, comparison to competitors
| Western Digital Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2023 | 1.45 | 0.99 | 4.39 | 1.38 | 0.82 | 4.38 | 2.31 |
| Jul 1, 2022 | 1.81 | 0.88 | 4.29 | 1.43 | 0.80 | 4.38 | 1.91 |
| Jul 2, 2021 | 2.00 | 1.07 | 4.34 | 1.49 | 0.80 | 3.67 | 1.93 |
| Jul 3, 2020 | 2.05 | 1.36 | 4.99 | 1.72 | 0.70 | 7.24 | 2.25 |
| Jun 28, 2019 | 2.22 | 1.54 | 5.81 | 1.51 | 0.80 | 4.53 | 2.35 |
| Jun 29, 2018 | 2.39 | 1.12 | 4.48 | 2.29 | — | 5.27 | 1.89 |
| Jun 30, 2017 | 2.55 | 1.28 | 4.28 | 3.03 | — | 5.05 | 1.88 |
| Jul 1, 2016 | 1.81 | 1.35 | 3.32 | 3.16 | — | 2.82 | 2.58 |
| Jul 3, 2015 | 2.63 | 1.11 | 4.15 | 3.23 | — | 2.55 | 2.01 |
| Jun 27, 2014 | 2.27 | 1.08 | 4.71 | 3.39 | — | — | 2.10 |
| Jun 28, 2013 | 1.91 | 1.68 | — | 2.95 | — | — | 2.16 |
| Jun 29, 2012 | 1.77 | 1.50 | — | 3.49 | — | — | 2.19 |
| Jul 1, 2011 | 2.53 | 1.61 | — | 3.27 | — | — | 2.63 |
| Jul 2, 2010 | 2.33 | 2.01 | — | 2.67 | — | — | 2.15 |
| Jul 3, 2009 | 2.12 | 1.88 | — | 3.24 | — | — | 2.47 |
| Jun 27, 2008 | 1.75 | 2.46 | — | 2.58 | — | — | 2.05 |
| Jun 29, 2007 | 1.80 | 2.36 | — | 2.36 | — | — | 2.21 |
| Jun 30, 2006 | 1.74 | 2.24 | — | 2.27 | — | — | — |
| Jul 1, 2005 | 1.44 | 2.96 | — | 1.37 | — | — | — |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
Comparison to Sector (Technology Hardware & Equipment)
Western Digital Corp., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Western Digital Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 30, 2023 | 1.45 | 1.05 |
| Jul 1, 2022 | 1.81 | 0.96 |
| Jul 2, 2021 | 2.00 | 1.09 |
| Jul 3, 2020 | 2.05 | 1.25 |
| Jun 28, 2019 | 2.22 | 1.38 |
| Jun 29, 2018 | 2.39 | 1.36 |
| Jun 30, 2017 | 2.55 | 1.67 |
| Jul 1, 2016 | 1.81 | 1.80 |
| Jul 3, 2015 | 2.63 | 1.60 |
| Jun 27, 2014 | 2.27 | 1.64 |
| Jun 28, 2013 | 1.91 | 2.11 |
| Jun 29, 2012 | 1.77 | 2.13 |
| Jul 1, 2011 | 2.53 | 2.25 |
| Jul 2, 2010 | 2.33 | 2.33 |
| Jul 3, 2009 | 2.12 | 2.44 |
| Jun 27, 2008 | 1.75 | 2.52 |
| Jun 29, 2007 | 1.80 | 2.36 |
| Jun 30, 2006 | 1.74 | 2.26 |
| Jul 1, 2005 | 1.44 | 1.80 |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
Comparison to Industry (Information Technology)
Western Digital Corp., current ratio, long-term trends, comparison to industry (information technology)
| Western Digital Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2023 | 1.45 | 1.41 |
| Jul 1, 2022 | 1.81 | 1.37 |
| Jul 2, 2021 | 2.00 | 1.55 |
| Jul 3, 2020 | 2.05 | 1.71 |
| Jun 28, 2019 | 2.22 | 1.66 |
| Jun 29, 2018 | 2.39 | 1.88 |
| Jun 30, 2017 | 2.55 | 2.04 |
| Jul 1, 2016 | 1.81 | 2.01 |
| Jul 3, 2015 | 2.63 | 2.04 |
| Jun 27, 2014 | 2.27 | 1.98 |
| Jun 28, 2013 | 1.91 | 2.20 |
| Jun 29, 2012 | 1.77 | 2.08 |
| Jul 1, 2011 | 2.53 | 2.12 |
| Jul 2, 2010 | 2.33 | 2.02 |
| Jul 3, 2009 | 2.12 | 2.04 |
| Jun 27, 2008 | 1.75 | 1.80 |
| Jun 29, 2007 | 1.80 | 1.79 |
| Jun 30, 2006 | 1.74 | 1.86 |
| Jul 1, 2005 | 1.44 | 2.02 |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).