Current Ratio
since 2012
Calculation
ServiceNow Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.10 | = | 9,187) | ÷ | 8,358) |
| Dec 31, 2023 | 1.06 | = | 7,777) | ÷ | 7,365) |
| Dec 31, 2022 | 1.11 | = | 6,654) | ÷ | 6,005) |
| Dec 31, 2021 | 1.05 | = | 5,220) | ÷ | 4,949) |
| Dec 31, 2020 | 1.21 | = | 4,522) | ÷ | 3,737) |
| Dec 31, 2019 | 1.03 | = | 2,827) | ÷ | 2,753) |
| Dec 31, 2018 | 1.17 | = | 2,345) | ÷ | 2,013) |
| Dec 31, 2017 | 1.15 | = | 2,411) | ÷ | 2,101) |
| Dec 31, 2016 | 1.25 | = | 1,343) | ÷ | 1,071) |
| Dec 31, 2015 | 1.48 | = | 1,086) | ÷ | 732) |
| Dec 31, 2014 | 1.79 | = | 907) | ÷ | 507) |
| Dec 31, 2013 | 2.43 | = | 798) | ÷ | 328) |
| Dec 31, 2012 | 1.99 | = | 422) | ÷ | 212) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
- Current Assets
- The current assets show a consistent upward trend over the entire period analyzed. Starting at 422 million US dollars in 2012, current assets generally increase year-over-year, reaching approximately 9,187 million US dollars by the end of 2024. Notable accelerations in growth occurred especially from 2016 onward, indicating a strong accumulation of liquid or near-liquid resources.
- Current Liabilities
- Current liabilities have also exhibited steady growth throughout the years. Beginning at 212 million US dollars in 2012, liabilities increased sharply, particularly from 2016 forward, reaching 8,358 million US dollars by the end of 2024. The sharp rise in liabilities corresponds with the increase in current assets, although liabilities appear to grow at a slightly faster pace in some years, notably post-2016.
- Current Ratio
- The current ratio trends downward over the period from a high of 2.43 in 2013 down to values near 1.1 in the later years, with minor fluctuations between 1.03 and 1.21 starting 2017. Initially, the ratio was comfortably above 1.5, indicating solid short-term liquidity. However, the reduction toward values close to 1 suggests a tightening liquidity position, with current assets only marginally higher than current liabilities in recent years. This could imply increased working capital requirements or a shift in asset and liability management strategies.
- Overall Insights
- The data reveals a substantial growth in both current assets and current liabilities, reflective of an expanding business scale. Despite the considerable growth in assets, the current ratio decline signals that liabilities have grown at a comparable or slightly faster rate, potentially affecting short-term financial flexibility. Stakeholders should monitor whether this trend continues and assess the company's ability to meet its short-term obligations without liquidity stress.
Comparison to Competitors
ServiceNow Inc., current ratio, long-term trends, comparison to competitors
| ServiceNow Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 1.10 | 1.10 | 1.07 | 2.93 | 1.76 | 1.62 | 1.04 | 1.29 | 1.27 | 0.72 | 5.96 | 0.89 | 1.09 | 2.44 | 1.97 |
| Dec 31, 2023 | 1.06 | 1.30 | 1.34 | 1.24 | 1.73 | 1.51 | 0.96 | 1.47 | 1.77 | 0.91 | 5.55 | 0.78 | 1.02 | 1.15 | 1.75 |
| Dec 31, 2022 | 1.11 | 1.23 | 1.11 | 1.27 | 1.83 | 1.46 | 0.92 | 1.39 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.09 | 1.03 |
| Dec 31, 2021 | 1.05 | 1.25 | 1.25 | 1.77 | 2.65 | 0.99 | 0.88 | 1.94 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.16 | 1.12 |
| Dec 31, 2020 | 1.21 | 1.40 | 1.48 | 1.86 | 2.38 | 1.29 | 0.98 | 2.26 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.19 | 1.04 |
| Dec 31, 2019 | 1.03 | 1.40 | 0.79 | 1.74 | — | 0.93 | 1.02 | 1.83 | 2.53 | 2.49 | — | 1.78 | 0.95 | 0.99 | 1.11 |
| Dec 31, 2018 | 1.17 | 1.34 | 1.13 | 1.34 | — | 0.80 | 1.29 | 1.14 | 2.90 | 3.96 | — | 1.93 | 0.92 | 0.73 | 1.92 |
| Dec 31, 2017 | 1.15 | 1.23 | 2.05 | 1.53 | — | 0.95 | 1.33 | 0.73 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.04 | 1.93 |
| Dec 31, 2016 | 1.25 | 1.35 | 2.08 | 1.20 | — | 1.09 | 1.21 | 0.72 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.00 | 2.56 |
| Dec 31, 2015 | 1.48 | 1.36 | 2.18 | 1.80 | — | 1.18 | 1.24 | 1.47 | 2.50 | 4.13 | — | 1.04 | 0.81 | 0.99 | 3.29 |
| Dec 31, 2014 | 1.79 | 1.46 | 1.85 | 1.33 | — | 0.85 | 1.25 | 1.84 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.09 | 4.80 |
| Dec 31, 2013 | 2.43 | 1.45 | 2.65 | 1.06 | — | 1.50 | 1.28 | 1.87 | 2.71 | 3.24 | — | 2.57 | 0.69 | 1.18 | 3.47 |
| Dec 31, 2012 | 1.99 | 1.55 | 3.41 | 1.14 | — | 1.24 | 1.13 | 1.20 | 2.60 | 2.60 | — | 3.13 | 0.72 | 0.91 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Software & Services)
ServiceNow Inc., current ratio, long-term trends, comparison to sector (software & services)
| ServiceNow Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2024 | 1.10 | 1.19 |
| Dec 31, 2023 | 1.06 | 1.39 |
| Dec 31, 2022 | 1.11 | 1.43 |
| Dec 31, 2021 | 1.05 | 1.67 |
| Dec 31, 2020 | 1.21 | 1.91 |
| Dec 31, 2019 | 1.03 | 1.84 |
| Dec 31, 2018 | 1.17 | 2.22 |
| Dec 31, 2017 | 1.15 | 2.06 |
| Dec 31, 2016 | 1.25 | 2.03 |
| Dec 31, 2015 | 1.48 | 2.15 |
| Dec 31, 2014 | 1.79 | 2.01 |
| Dec 31, 2013 | 2.43 | 2.04 |
| Dec 31, 2012 | 1.99 | 1.84 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Information Technology)
ServiceNow Inc., current ratio, long-term trends, comparison to industry (information technology)
| ServiceNow Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | 1.10 | 1.24 |
| Dec 31, 2023 | 1.06 | 1.41 |
| Dec 31, 2022 | 1.11 | 1.37 |
| Dec 31, 2021 | 1.05 | 1.55 |
| Dec 31, 2020 | 1.21 | 1.71 |
| Dec 31, 2019 | 1.03 | 1.66 |
| Dec 31, 2018 | 1.17 | 1.88 |
| Dec 31, 2017 | 1.15 | 2.04 |
| Dec 31, 2016 | 1.25 | 2.01 |
| Dec 31, 2015 | 1.48 | 2.03 |
| Dec 31, 2014 | 1.79 | 1.97 |
| Dec 31, 2013 | 2.43 | 2.20 |
| Dec 31, 2012 | 1.99 | 2.07 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).