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
- Current Assets
- The current assets displayed a sustained upward trend from 2005 through 2012, increasing from 1,181 million USD to a peak of 7,141 million USD. This period indicates consistent growth in liquid assets, reflecting improved liquidity or asset accumulation. From 2013 onwards, current assets fluctuated, reaching another peak of 12,584 million USD in 2016 before generally declining to 7,886 million USD by 2023. This decline after 2016 may suggest asset divestitures, utilization, or changes in the company's asset management strategy.
- Current Liabilities
- Current liabilities showed a steady increase from 819 million USD in 2005 to a significant peak of 6,949 million USD in 2016. This sharp increase in liabilities closely follows the rise in current assets, suggesting a possible expansion financed through short-term obligations. After 2016, current liabilities slightly decreased but then climbed steadily again to reach 5,434 million USD by 2023. The overall upward trend in liabilities indicates increasing current obligations, which requires careful liquidity management.
- Current Ratio
- The current ratio, which measures the company's ability to meet short-term liabilities with short-term assets, improved from 1.44 in 2005 to a high of 2.63 in 2015, indicating a strengthening liquidity position over this period. However, post-2015, the ratio declined steadily, falling to 1.45 by 2023, its lowest level within the observed period. Despite fluctuations, the ratio remained generally above 1, suggesting that current assets continued to exceed current liabilities but with decreasing coverage margin in recent years, highlighting a potential reduction in short-term financial flexibility.
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. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jun 30, 2023 | 1.45 | 0.99 | 4.39 | 1.38 | 0.82 | 2.31 |
| Jul 1, 2022 | 1.81 | 0.88 | 4.29 | 1.43 | 0.80 | 1.91 |
| Jul 2, 2021 | 2.00 | 1.07 | 4.34 | 1.49 | 0.80 | 1.93 |
| Jul 3, 2020 | 2.05 | 1.36 | 4.99 | 1.72 | 0.70 | 2.25 |
| Jun 28, 2019 | 2.22 | 1.54 | 5.81 | 1.51 | 0.80 | 2.35 |
| Jun 29, 2018 | 2.39 | 1.12 | 4.48 | 2.29 | — | 1.89 |
| Jun 30, 2017 | 2.55 | 1.28 | 4.28 | 3.03 | — | 1.88 |
| Jul 1, 2016 | 1.81 | 1.35 | 3.32 | 3.16 | — | 2.58 |
| Jul 3, 2015 | 2.63 | 1.11 | 4.15 | 3.23 | — | 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 | 1.04 |
| Jul 1, 2022 | 1.81 | 0.95 |
| Jul 2, 2021 | 2.00 | 1.08 |
| Jul 3, 2020 | 2.05 | 1.24 |
| Jun 28, 2019 | 2.22 | 1.37 |
| 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 | 2.03 |
| Jun 27, 2014 | 2.27 | 1.97 |
| Jun 28, 2013 | 1.91 | 2.20 |
| Jun 29, 2012 | 1.77 | 2.07 |
| Jul 1, 2011 | 2.53 | 2.11 |
| Jul 2, 2010 | 2.33 | 2.01 |
| Jul 3, 2009 | 2.12 | 2.03 |
| Jun 27, 2008 | 1.75 | 1.80 |
| Jun 29, 2007 | 1.80 | 1.78 |
| Jun 30, 2006 | 1.74 | 1.85 |
| Jul 1, 2005 | 1.44 | 2.01 |
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).