Liquidity ratios measure the company’s ability to meet its short-term obligations.

Liquidity Ratios (Summary)
Current Ratio
Quick Ratio
Cash Ratio

ServiceNow Inc., liquidity ratios (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Current ratio	1.17	1.03	1.03	1.05	1.10	1.13	1.17	1.26	1.28	1.19	1.15	1.66	1.73	1.22	1.25	1.25	1.29	1.14	1.48	1.55	1.61	1.82
Quick ratio	1.04	0.91	0.92	0.92	0.97	0.99	1.03	1.13	1.15	1.08	1.05	1.53	1.62	1.10	1.14	1.14	1.18	1.04	1.37	1.40	1.46	1.64
Cash ratio	0.82	0.68	0.61	0.67	0.74	0.79	0.74	0.89	0.95	0.90	0.85	1.31	1.39	0.86	0.84	0.90	0.95	0.86	1.10	1.15	1.22	1.38

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	ServiceNow Inc.’s current ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	ServiceNow Inc.’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	ServiceNow Inc.’s cash ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

ServiceNow Inc., current ratio calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in thousands)
Current assets	3,337,122	2,805,861	2,826,901	2,297,213	2,442,287	2,374,486	2,344,693	2,292,185	2,351,629	2,489,926	2,410,564	2,127,492	2,111,027	1,396,255	1,342,535	1,126,907	1,097,889	1,193,258	1,085,635	981,607	954,074	983,934
Current liabilities	2,848,871	2,721,061	2,752,785	2,192,561	2,224,979	2,097,841	2,012,573	1,818,957	1,837,041	2,098,016	2,100,631	1,280,651	1,217,290	1,139,805	1,071,498	898,339	852,081	1,048,283	731,636	634,821	591,633	540,926
Liquidity Ratio
Current ratio¹	1.17	1.03	1.03	1.05	1.10	1.13	1.17	1.26	1.28	1.19	1.15	1.66	1.73	1.22	1.25	1.25	1.29	1.14	1.48	1.55	1.61	1.82
Benchmarks
Current Ratio, Competitors²
Adobe Inc.	1.29	1.23	0.79	0.74	0.70	0.97	1.13	1.66	2.08	2.12	2.05	2.05	1.99	1.95	2.08	2.16	2.20	2.21	2.18	2.20	2.16	2.22
Alphabet Inc.	3.41	3.66	3.37	3.78	3.98	3.96	3.92	4.14	4.15	4.87	5.14	5.77	6.01	7.13	6.29	6.88	5.43	5.14	4.67	4.77	4.85	5.60
Autodesk Inc.	0.56	0.64	0.70	0.80	0.83	0.92	0.88	1.07	1.22	1.04	1.13	1.46	1.59	1.78	1.88	2.10	2.21	1.84	1.91	2.06	2.12	2.32
Facebook Inc.	6.02	4.60	4.40	4.66	4.47	5.38	7.19	9.00	10.67	9.91	12.92	13.37	12.31	12.61	11.97	11.69	12.22	13.16	11.25	10.68	9.01	8.59
International Business Machines Corp.	1.04	0.96	1.02	1.09	1.83	1.36	1.29	1.31	1.32	1.37	1.33	1.41	1.25	1.18	1.21	1.20	1.30	1.37	1.24	1.25	1.27	1.30
Intuit Inc.	1.67	1.80	1.83	1.85	1.32	1.41	1.14	1.05	0.63	0.67	0.73	0.90	0.60	0.58	0.72	0.81	0.62	0.76	1.47	1.35	1.22	1.79
Microsoft Corp.	2.80	2.85	2.53	2.97	3.12	2.92	2.90	3.40	2.89	3.12	2.48	2.81	2.05	2.69	2.35	2.90	3.00	2.46	2.50	2.91	2.45	2.52
Oracle Corp.	2.37	2.25	2.49	2.65	2.80	3.43	3.96	4.33	5.07	3.63	3.08	4.18	3.96	4.92	3.74	4.83	4.26	4.04	4.13	3.72	4.34	4.35
salesforce.com inc.	0.97	0.96	0.95	0.86	0.80	1.29	0.92	0.82	0.77	0.71	0.83	0.60	0.61	0.74	0.77	0.74	0.71	0.66	0.81	0.74	0.66	0.61

¹ Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,337,122 ÷ 2,848,871 = 1.17

² Click competitor name to see calculations.

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	ServiceNow Inc.’s current ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

ServiceNow Inc., quick ratio calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in thousands)
Cash and cash equivalents	837,309	808,725	775,778	622,925	583,581	639,722	566,204	703,629	704,846	682,854	726,495	1,104,871	1,173,457	439,915	401,238	325,067	289,113	453,450	412,305	349,073	325,354	307,981
Short-term investments	1,505,362	1,049,980	915,317	848,148	1,069,803	1,022,391	931,718	922,411	1,044,812	1,203,105	1,052,803	567,026	518,719	535,399	498,124	481,813	517,601	447,423	388,945	379,878	397,170	437,029
Accounts receivable, net	631,992	615,234	835,279	539,416	503,376	422,559	574,810	424,698	367,598	371,008	434,895	291,903	279,088	278,107	322,757	220,089	197,296	190,263	203,333	159,768	143,206	142,720
Total quick assets	2,974,663	2,473,939	2,526,374	2,010,489	2,156,760	2,084,672	2,072,732	2,050,738	2,117,256	2,256,967	2,214,193	1,963,800	1,971,264	1,253,421	1,222,119	1,026,969	1,004,010	1,091,136	1,004,583	888,719	865,730	887,730

Current liabilities	2,848,871	2,721,061	2,752,785	2,192,561	2,224,979	2,097,841	2,012,573	1,818,957	1,837,041	2,098,016	2,100,631	1,280,651	1,217,290	1,139,805	1,071,498	898,339	852,081	1,048,283	731,636	634,821	591,633	540,926
Liquidity Ratio
Quick ratio¹	1.04	0.91	0.92	0.92	0.97	0.99	1.03	1.13	1.15	1.08	1.05	1.53	1.62	1.10	1.14	1.14	1.18	1.04	1.37	1.40	1.46	1.64
Benchmarks
Quick Ratio, Competitors²
Adobe Inc.	1.11	1.06	0.70	0.64	0.62	0.86	1.06	1.58	1.99	2.04	2.00	1.98	1.91	1.86	1.99	2.07	2.09	2.10	2.11	2.07	2.02	2.07
Alphabet Inc.	3.26	3.46	3.21	3.62	3.84	3.80	3.75	3.97	3.99	4.71	4.97	5.58	5.82	6.91	6.00	6.64	5.20	4.87	4.38	4.47	4.56	5.16
Autodesk Inc.	0.49	0.56	0.62	0.70	0.73	0.81	0.83	1.01	1.16	1.00	1.08	1.40	1.52	1.71	1.83	2.02	2.12	1.69	1.78	1.91	1.96	2.18
Facebook Inc.	5.81	4.48	4.28	4.50	4.32	5.22	6.94	8.65	10.26	9.65	12.64	12.92	11.87	12.20	11.63	11.26	11.80	12.70	10.91	9.96	8.47	7.97
International Business Machines Corp.	0.88	0.80	0.87	0.91	1.68	1.19	1.12	1.13	1.14	1.19	1.19	1.22	1.09	1.00	1.04	1.02	1.11	1.20	1.07	1.03	1.03	1.03
Intuit Inc.	1.30	1.34	1.44	1.57	0.94	0.89	0.86	0.83	0.41	0.42	0.45	0.74	0.41	0.33	0.53	0.64	0.36	0.32	1.03	1.08	0.87	1.27
Microsoft Corp.	2.65	2.68	2.35	2.80	2.93	2.72	2.74	3.24	2.77	2.96	2.37	2.67	1.94	2.52	2.22	2.66	2.75	2.24	2.30	2.65	2.24	2.28
Oracle Corp.	2.16	2.09	2.31	2.45	2.63	3.26	3.78	4.14	4.86	3.49	2.95	3.99	3.79	4.74	3.57	4.62	4.09	3.86	3.92	3.48	4.09	4.12
salesforce.com inc.	0.82	0.81	0.82	0.68	0.64	1.13	0.83	0.71	0.67	0.61	0.74	0.50	0.46	0.63	0.68	0.61	0.54	0.49	0.66	0.55	0.48	0.47

¹ Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,974,663 ÷ 2,848,871 = 1.04

² Click competitor name to see calculations.

Liquidity ratio	Description	The company
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	ServiceNow Inc.’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

ServiceNow Inc., cash ratio calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in thousands)
Cash and cash equivalents	837,309	808,725	775,778	622,925	583,581	639,722	566,204	703,629	704,846	682,854	726,495	1,104,871	1,173,457	439,915	401,238	325,067	289,113	453,450	412,305	349,073	325,354	307,981
Short-term investments	1,505,362	1,049,980	915,317	848,148	1,069,803	1,022,391	931,718	922,411	1,044,812	1,203,105	1,052,803	567,026	518,719	535,399	498,124	481,813	517,601	447,423	388,945	379,878	397,170	437,029
Total cash assets	2,342,671	1,858,705	1,691,095	1,471,073	1,653,384	1,662,113	1,497,922	1,626,040	1,749,658	1,885,959	1,779,298	1,671,897	1,692,176	975,314	899,362	806,880	806,714	900,873	801,250	728,951	722,524	745,010

Current liabilities	2,848,871	2,721,061	2,752,785	2,192,561	2,224,979	2,097,841	2,012,573	1,818,957	1,837,041	2,098,016	2,100,631	1,280,651	1,217,290	1,139,805	1,071,498	898,339	852,081	1,048,283	731,636	634,821	591,633	540,926
Liquidity Ratio
Cash ratio¹	0.82	0.68	0.61	0.67	0.74	0.79	0.74	0.89	0.95	0.90	0.85	1.31	1.39	0.86	0.84	0.90	0.95	0.86	1.10	1.15	1.22	1.38
Benchmarks
Cash Ratio, Competitors²
Adobe Inc.	0.84	0.80	0.51	0.47	0.45	0.61	0.75	1.30	1.70	1.74	1.65	1.67	1.62	1.57	1.69	1.77	1.81	1.84	1.80	1.78	1.76	1.78
Alphabet Inc.	2.77	2.92	2.65	3.09	3.27	3.25	3.15	3.40	3.42	4.05	4.21	4.84	5.07	6.06	5.15	5.80	4.52	4.26	3.78	3.94	4.02	4.56
Autodesk Inc.	0.37	0.44	0.41	0.54	0.61	0.70	0.62	0.83	1.00	0.88	0.87	1.23	1.32	1.54	1.41	1.74	1.82	1.44	1.45	1.59	1.65	1.89
Facebook Inc.	5.15	4.00	3.64	3.92	3.74	4.57	5.86	7.54	9.06	8.64	11.09	11.59	10.69	11.03	10.24	10.07	10.54	11.40	9.58	8.84	7.51	7.11
International Business Machines Corp.	0.37	0.30	0.24	0.31	1.10	0.47	0.32	0.40	0.34	0.37	0.34	0.36	0.34	0.29	0.24	0.29	0.32	0.43	0.24	0.28	0.25	0.25
Intuit Inc.	1.03	1.28	1.39	1.46	0.67	0.84	0.81	0.72	0.24	0.37	0.40	0.64	0.23	0.28	0.48	0.56	0.14	0.25	0.97	0.98	0.65	1.17
Microsoft Corp.	2.25	2.35	1.93	2.44	2.54	2.41	2.29	2.87	2.46	2.68	2.06	2.42	1.73	2.33	1.91	2.38	2.41	2.01	1.94	2.34	1.90	2.00
Oracle Corp.	1.88	1.89	2.03	2.23	2.43	3.07	3.50	3.92	4.62	3.31	2.73	3.76	3.56	4.52	3.26	4.29	3.81	3.63	3.56	3.17	3.73	3.86
salesforce.com inc.	0.59	0.61	0.39	0.43	0.40	0.91	0.45	0.50	0.47	0.42	0.30	0.24	0.22	0.40	0.24	0.34	0.28	0.26	0.23	0.31	0.24	0.26

¹ Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,342,671 ÷ 2,848,871 = 0.82

² Click competitor name to see calculations.

Liquidity ratio	Description	The company
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	ServiceNow Inc.’s cash ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

ServiceNow Inc. (NYSE:NOW)

Analysis of Liquidity Ratios
Quarterly Data

Liquidity Ratios (Summary)

Current Ratio

Quick Ratio

Cash Ratio

ServiceNow Inc. (NYSE:NOW)

Analysis of Liquidity RatiosQuarterly Data

Liquidity Ratios (Summary)

Current Ratio

Quick Ratio

Cash Ratio

Analysis of Liquidity Ratios
Quarterly Data