Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Oracle Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-11-30), 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31).
- Current Ratio
- The current ratio exhibits a clear declining trend over the observed periods. Starting at a high level of 2.66 in August 2020, it gradually decreases with some minor fluctuations, reaching notable lows around 0.6 to 0.65 between August 2022 and November 2022. Subsequently, there is a moderate recovery with values stabilizing around 0.7 to 0.9 through mid-2024, though it again dips towards the end of the timeline, ending near 0.91 in November 2025. This sustained decrease indicates a weakening liquidity position relative to current liabilities over time.
- Quick Ratio
- The quick ratio follows a similar downward trajectory as the current ratio, starting at 2.5 in August 2020 and declining steadily. It dips significantly below 1.0 beginning in August 2022, signaling that liquid assets excluding inventories may be insufficient to cover current liabilities during that period. Despite some recovery spikes bringing it close to 0.87 in May 2025, the quick ratio remains substantially lower compared to its initial values. The pattern reflects reduced short-term financial flexibility excluding inventory assets.
- Cash Ratio
- The cash ratio also shows a marked decrease across the timeline, moving from 2.26 in August 2020 down to notably low points near or below 0.4 from late 2022 through most of 2024. Its lowest recorded value is 0.27 in November 2022. There is a gradual rebound beginning in mid-2024, reaching up to 0.6 in May 2025 before experiencing minor declines toward the end of the observation period. The trend highlights an erosion in the company's most liquid assets (cash and cash equivalents) relative to current liabilities, potentially increasing liquidity risk.
Current Ratio
Oracle Corp., current ratio calculation (quarterly data)
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 34,366) | 24,634) | 24,579) | 30,116) | 23,503) | 23,072) | 22,554) | 21,063) | 19,289) | 22,166) | 21,004) | 18,696) | 17,561) | 21,004) | 31,633) | 31,675) | 31,078) | 47,117) | 55,567) | 43,744) | 46,251) | 49,939) | |||||||
| Current liabilities | 37,795) | 39,874) | 32,643) | 29,623) | 29,052) | 32,045) | 31,544) | 24,885) | 24,407) | 25,357) | 23,090) | 22,880) | 27,106) | 34,819) | 19,511) | 20,833) | 18,881) | 23,071) | 24,164) | 20,250) | 21,347) | 18,748) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 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 | 2.30 | 2.16 | 2.17 | 2.66 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Accenture PLC | — | — | 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 | 1.25 | 1.42 | 1.39 | 1.45 | |||||||
| Adobe Inc. | — | — | — | 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 | 1.25 | 1.39 | 1.31 | 1.27 | |||||||
| AppLovin Corp. | — | — | — | 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. | — | — | — | 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 | 1.77 | 1.70 | 1.57 | 1.70 | |||||||
| CrowdStrike Holdings Inc. | 1.88 | 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 | 2.65 | 1.91 | 2.18 | 2.25 | |||||||
| Datadog Inc. | — | — | — | 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 | 3.54 | 3.94 | 4.31 | 5.45 | |||||||
| International Business Machines Corp. | — | — | — | 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 | 0.88 | 0.84 | 0.84 | 0.93 | |||||||
| 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 | 1.94 | 1.96 | 1.53 | 3.09 | |||||||
| 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 | 2.08 | 2.29 | 2.58 | 2.53 | |||||||
| Palantir Technologies Inc. | — | — | — | 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 | 0.91 | 1.38 | 0.98 | 1.63 | |||||||
| Salesforce Inc. | 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 | 1.23 | 1.22 | 1.15 | 1.15 | |||||||
| ServiceNow Inc. | — | — | — | 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 | 1.05 | 1.13 | 1.08 | 1.23 | |||||||
| 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 | |||||||
| Workday Inc. | 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 | 1.12 | 1.09 | 1.45 | 1.25 | |||||||
Based on: 10-Q (reporting date: 2025-11-30), 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31).
1 Q2 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 34,366 ÷ 37,795 = 0.91
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals important trends in liquidity and the balance between current assets and current liabilities over the observed periods.
- Current Assets
- Current assets exhibit a generally volatile pattern, with notable peaks and troughs. Starting at a high of around 49,939 million US dollars, the value declines moderately over subsequent quarters, reaching a low around 17,561 million by November 2022. After this point, there is some recovery, with current assets gradually increasing again towards the later periods, ending at approximately 34,366 million US dollars in November 2025. This indicates fluctuating asset levels possibly influenced by operational cycles or strategic asset management decisions.
- Current Liabilities
- Current liabilities also show considerable variability, initially around 18,748 million US dollars and fluctuating through the periods to peak values above 39,874 million in November 2025. There are quarters with significant increases, such as the rise to over 34,819 million in August 2022. This pattern suggests periods of increased short-term obligations or payables, which may impact the company’s liquidity position.
- Current Ratio
- The current ratio demonstrates a clear declining trend from a strong liquidity position at 2.66 in August 2020 down to very low levels around 0.6–0.9 in the middle periods between 2022 and 2024. There is a relative improvement above 1.0 only in February 2025, but the ratio falls again thereafter. The current ratio values below 1.0 throughout many quarters indicate potential liquidity risk, as current liabilities exceed current assets during these times, suggesting that the company may face challenges meeting short-term obligations without additional financing or asset liquidation.
- Overall Liquidity and Financial Health Implications
- The downward trend in the current ratio combined with the volatility in current assets and increasing current liabilities suggests a tightening liquidity position across the period. The company's ability to cover short-term liabilities with current assets weakens, implying a greater reliance on other financing sources or operational cash flows to maintain solvency. The intermittent improvements may reflect strategic fiscal actions or seasonal effects but do not establish a consistent recovery trend.
Quick Ratio
Oracle Corp., quick ratio calculation (quarterly data)
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 19,241) | 10,445) | 10,786) | 17,406) | 10,941) | 10,616) | 10,454) | 9,481) | 8,244) | 11,613) | 9,765) | 8,219) | 6,813) | 10,448) | 21,383) | 22,682) | 17,938) | 23,059) | 30,098) | 22,321) | 28,001) | 27,276) | |||||||
| Marketable securities | 525) | 560) | 417) | 417) | 370) | 295) | 207) | 423) | 446) | 470) | 422) | 550) | 537) | 772) | 519) | 707) | 4,900) | 16,251) | 16,456) | 13,543) | 10,592) | 15,003) | |||||||
| Trade receivables, net of allowances for credit losses | 9,440) | 8,843) | 8,558) | 8,051) | 8,177) | 8,021) | 7,874) | 7,297) | 6,804) | 6,519) | 6,915) | 6,213) | 6,197) | 5,937) | 5,953) | 4,588) | 4,462) | 4,482) | 5,409) | 4,637) | 4,423) | 4,576) | |||||||
| Total quick assets | 29,206) | 19,848) | 19,761) | 25,874) | 19,488) | 18,932) | 18,535) | 17,201) | 15,494) | 18,602) | 17,102) | 14,982) | 13,547) | 17,157) | 27,855) | 27,977) | 27,300) | 43,792) | 51,963) | 40,501) | 43,016) | 46,855) | |||||||
| Current liabilities | 37,795) | 39,874) | 32,643) | 29,623) | 29,052) | 32,045) | 31,544) | 24,885) | 24,407) | 25,357) | 23,090) | 22,880) | 27,106) | 34,819) | 19,511) | 20,833) | 18,881) | 23,071) | 24,164) | 20,250) | 21,347) | 18,748) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 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 | 2.15 | 2.00 | 2.02 | 2.50 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Accenture PLC | — | — | 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 | 1.14 | 1.31 | 1.27 | 1.34 | |||||||
| Adobe Inc. | — | — | — | 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 | 1.11 | 1.25 | 1.18 | 1.12 | |||||||
| AppLovin Corp. | — | — | — | 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. | — | — | — | 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 | 1.47 | 1.48 | 1.33 | 1.43 | |||||||
| CrowdStrike Holdings Inc. | 1.69 | 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 | 2.50 | 1.76 | 2.01 | 2.07 | |||||||
| Datadog Inc. | — | — | — | 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 | 3.45 | 3.84 | 4.19 | 5.31 | |||||||
| International Business Machines Corp. | — | — | — | 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 | 0.69 | 0.64 | 0.66 | 0.75 | |||||||
| 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 | 1.60 | 1.72 | 1.20 | 2.74 | |||||||
| 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 | 1.90 | 2.10 | 2.36 | 2.30 | |||||||
| Palantir Technologies Inc. | — | — | — | 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 | 0.86 | 1.23 | 0.88 | 1.48 | |||||||
| Salesforce Inc. | 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 | 1.11 | 1.05 | 0.98 | 1.00 | |||||||
| ServiceNow Inc. | — | — | — | 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 | 1.01 | 1.07 | 1.03 | 1.19 | |||||||
| 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 | |||||||
| Workday Inc. | 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 | 1.07 | 1.02 | 1.35 | 1.15 | |||||||
Based on: 10-Q (reporting date: 2025-11-30), 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31).
1 Q2 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 29,206 ÷ 37,795 = 0.77
2 Click competitor name to see calculations.
- Analysis of Total Quick Assets
- Total quick assets show a fluctuating trend over the indicated periods. Initially, there is a decrease from approximately 46.9 billion US dollars to about 27.3 billion US dollars by November 2021, marking a significant drop. Following this reduction, the figures stabilize somewhat, ranging around 27.9 billion in early 2022 before dipping further to a low near 13.5 billion US dollars in November 2022. After this low point, quick assets exhibit partial recovery, increasing slowly and experiencing moderate volatility through mid-2024. Towards the end of the timeline, particularly in late 2025, total quick assets rise again nearing 29.2 billion US dollars, indicating some restoration of liquidity strength.
- Analysis of Current Liabilities
- Current liabilities generally display an upward trajectory over the reporting periods. Starting at approximately 18.7 billion US dollars and increasing with some fluctuations, liabilities peak multiple times, particularly evident in the surge from around 19.5 billion in mid-2022 to nearly 35 billion US dollars by late 2025. Such rising current liabilities suggest growing short-term financial obligations that could impact liquidity depending on asset levels.
- Analysis of Quick Ratio
- The quick ratio, serving as an indicator of short-term liquidity, reveals a concerning downward trend through most of the timeline. Starting from a strong 2.5 in August 2020, the ratio gradually decreases, dropping below 1.0 as of early 2022 and reaching lows near 0.5 to 0.6 over several quarters. Despite minor fluctuations and occasional slight improvements, the ratio remains below 1.0 for the majority of the later periods, signaling that quick assets are insufficient to cover current liabilities in many instances. This persistent low quick ratio may indicate increasing liquidity risk.
- Overall Insights
- The combination of decreasing total quick assets (at certain intervals) and steadily increasing current liabilities contributes to the decline in the quick ratio, highlighting potential liquidity pressures. Although total quick assets show a degree of recovery towards the end of the observed period, current liabilities continue to grow, which may offset these gains. Maintaining a quick ratio below 1.0 for extended quarters is generally indicative of weakened short-term financial stability, potentially affecting the company’s ability to meet its immediate obligations promptly. The data suggests a need for attention to liquidity management and possibly reassessment of working capital strategies.
Cash Ratio
Oracle Corp., cash ratio calculation (quarterly data)
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 19,241) | 10,445) | 10,786) | 17,406) | 10,941) | 10,616) | 10,454) | 9,481) | 8,244) | 11,613) | 9,765) | 8,219) | 6,813) | 10,448) | 21,383) | 22,682) | 17,938) | 23,059) | 30,098) | 22,321) | 28,001) | 27,276) | |||||||
| Marketable securities | 525) | 560) | 417) | 417) | 370) | 295) | 207) | 423) | 446) | 470) | 422) | 550) | 537) | 772) | 519) | 707) | 4,900) | 16,251) | 16,456) | 13,543) | 10,592) | 15,003) | |||||||
| Total cash assets | 19,766) | 11,005) | 11,203) | 17,823) | 11,311) | 10,911) | 10,661) | 9,904) | 8,690) | 12,083) | 10,187) | 8,769) | 7,350) | 11,220) | 21,902) | 23,389) | 22,838) | 39,310) | 46,554) | 35,864) | 38,593) | 42,279) | |||||||
| Current liabilities | 37,795) | 39,874) | 32,643) | 29,623) | 29,052) | 32,045) | 31,544) | 24,885) | 24,407) | 25,357) | 23,090) | 22,880) | 27,106) | 34,819) | 19,511) | 20,833) | 18,881) | 23,071) | 24,164) | 20,250) | 21,347) | 18,748) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 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 | 1.93 | 1.77 | 1.81 | 2.26 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Accenture PLC | — | — | 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 | 0.52 | 0.67 | 0.65 | 0.68 | |||||||
| Adobe Inc. | — | — | — | 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 | 0.84 | 1.00 | 0.94 | 0.85 | |||||||
| AppLovin Corp. | — | — | — | 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. | — | — | — | 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 | 1.12 | 1.12 | 0.91 | 0.94 | |||||||
| CrowdStrike Holdings Inc. | 1.43 | 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 | 2.22 | 1.51 | 1.76 | 1.81 | |||||||
| Datadog Inc. | — | — | — | 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 | 2.94 | 3.33 | 3.70 | 4.82 | |||||||
| International Business Machines Corp. | — | — | — | 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 | 0.22 | 0.23 | 0.22 | 0.31 | |||||||
| 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 | 1.46 | 1.52 | 1.02 | 2.69 | |||||||
| 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 | 1.47 | 1.74 | 1.96 | 1.97 | |||||||
| Palantir Technologies Inc. | — | — | — | 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 | 0.57 | 0.98 | 0.72 | 1.22 | |||||||
| Salesforce Inc. | 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 | 0.67 | 0.78 | 0.72 | 0.76 | |||||||
| ServiceNow Inc. | — | — | — | 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 | 0.67 | 0.80 | 0.76 | 0.94 | |||||||
| 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 | |||||||
| Workday Inc. | 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 | 0.83 | 0.81 | 1.08 | 0.94 | |||||||
Based on: 10-Q (reporting date: 2025-11-30), 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31).
1 Q2 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 19,766 ÷ 37,795 = 0.52
2 Click competitor name to see calculations.
- Total Cash Assets
- Total cash assets demonstrated a declining trend from August 2020 through November 2022, dropping from approximately $42.3 billion to about $7.4 billion. This decline was interspersed with some fluctuations, with notable increases around May 2021 and February 2024. From November 2022 onward, total cash assets gradually recovered, reaching around $19.8 billion by November 2025. Despite recovery in later periods, cash balances remain below the levels seen in early 2020.
- Current Liabilities
- Current liabilities exhibited significant volatility across the periods. Starting at approximately $18.7 billion in August 2020, liabilities rose and fell irregularly, peaking at nearly $39.9 billion in November 2025. Notable spikes occurred in August 2022, May 2024, and again towards the end of the series in late 2025. Overall, current liabilities increased substantially over the five-year span, suggesting increased short-term obligations.
- Cash Ratio
- The cash ratio decreased markedly from 2.26 in August 2020 to a low of 0.27 in November 2022, reflecting a reduction in cash relative to current liabilities during this period. After the low point, the ratio showed slight improvements but remained below 1.0 throughout most of the later periods. The ratio rose modestly towards the end of the series, reaching 0.52 by November 2025. The persistent ratio below 1 indicates that cash assets are insufficient to cover current liabilities on an immediate basis for most quarters studied.
- Overall Analysis
- The data indicates a contraction in liquidity from 2020 through late 2022, with cash reserves declining while current liabilities increased, resulting in a sharp decrease in the cash ratio. After this period, there was a partial recovery of cash assets, yet current liabilities also remained elevated. The cash ratio stabilization below 1 suggests ongoing pressure on liquidity with limited ability to cover short-term obligations using cash alone. These trends point to a more aggressive use of cash or potentially higher operational demands leading to increased liabilities. Monitoring of cash flow management and liability structure is advisable going forward.