Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Salesforce Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
- Current Ratio
- The current ratio exhibited an overall increasing trend from April 2019 to April 2025, rising from 0.96 to a peak of 1.33 in April 2021, indicating an improvement in short-term liquidity during this period. However, after this peak, the ratio experienced some fluctuations and a moderate decline, stabilizing around the 1.02 to 1.12 range from early 2023 through mid-2025. This suggests that while liquidity strengthened significantly initially, it later normalized and maintained a relatively steady level just above 1, representing adequate ability to cover current liabilities with current assets.
- Quick Ratio
- The quick ratio followed a pattern similar to the current ratio but remained generally lower, reflecting the exclusion of inventory from liquid assets. It increased from 0.81 in April 2019 to a high of 1.19 in April 2021, indicating improved liquidity when considering more immediately liquid assets. After April 2021, the quick ratio declined sharply to 0.79 in July 2021, followed by moderate recovery and stabilization mostly in the 0.86 to 0.96 range from early 2023 onward. This reflects a cautious liquidity position with less reliance on inventories during later periods, maintaining a level that suggests conservative liquidity management.
- Cash Ratio
- The cash ratio showed more volatility compared to the other ratios throughout the period. Beginning at 0.61 in April 2019, it fluctuated significantly, notably peaking at 0.98 in April 2021 and dropping to values as low as 0.48 in early 2022 and again in early 2023. From early 2023 to mid-2025, the cash ratio generally stayed within the range of 0.5 to 0.76, illustrating variable but moderate availability of cash and cash equivalents relative to current liabilities. The volatility indicates periods of differing cash holding strategies or cash flow variability, but ultimately a maintained focus on ensuring some immediate liquidity buffer.
Current Ratio
Salesforce Inc., current ratio calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Current assets | 25,331) | 25,866) | 29,727) | 21,425) | 21,862) | 25,604) | 29,074) | 20,202) | 21,138) | 21,981) | 26,395) | 19,209) | 21,246) | 20,411) | 22,850) | 15,957) | 16,256) | 20,444) | 21,889) | 14,946) | 14,846) | 14,713) | 15,963) | 11,026) | 9,903) | 10,035) | ||||||||
| Current liabilities | 22,532) | 24,196) | 27,980) | 19,375) | 21,001) | 23,149) | 26,631) | 19,394) | 20,805) | 21,626) | 25,891) | 18,227) | 20,080) | 19,899) | 21,788) | 15,035) | 17,393) | 15,323) | 17,728) | 12,234) | 12,963) | 12,843) | 14,845) | 10,474) | 10,195) | 10,488) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Current ratio1 | 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 | 1.08 | 1.05 | 0.97 | 0.96 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 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 | 1.40 | 1.37 | 1.38 | 1.39 | ||||||||
| Adobe Inc. | — | — | — | — | 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 | 1.48 | 1.44 | 1.29 | 1.23 | ||||||||
| Cadence Design Systems Inc. | — | — | — | — | 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 | 1.86 | 1.55 | 1.42 | 1.38 | ||||||||
| 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 | 2.38 | 2.53 | 2.94 | 1.03 | ||||||||
| Datadog Inc. | — | — | — | — | 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 | 5.77 | 6.49 | 6.74 | 4.43 | ||||||||
| Fair Isaac Corp. | — | — | — | 0.92 | 2.11 | 1.80 | 1.62 | 1.87 | 2.04 | 1.31 | 1.51 | 1.46 | 1.40 | 1.36 | 1.46 | 1.23 | 1.26 | 1.44 | 0.99 | 1.02 | 1.10 | 1.30 | 1.29 | 1.05 | 1.01 | 1.04 | ||||||||
| International Business Machines Corp. | — | — | — | — | 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 | 0.98 | 1.05 | 1.04 | 0.96 | ||||||||
| Intuit Inc. | — | — | 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 | 2.26 | 1.79 | 1.67 | 1.80 | ||||||||
| Microsoft Corp. | — | — | 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 | 2.52 | 2.90 | 2.80 | 2.85 | ||||||||
| Oracle Corp. | — | — | 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 | 3.03 | 2.12 | 2.37 | 2.25 | ||||||||
| Palantir Technologies Inc. | — | — | — | — | 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 | 4.34 | 4.13 | 3.90 | 3.88 | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | — | — | 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 | 1.91 | 1.29 | 1.78 | 1.78 | ||||||||
| ServiceNow Inc. | — | — | — | — | 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 | 1.21 | 1.40 | 1.17 | 1.03 | ||||||||
| 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 | 1.19 | 1.06 | 0.95 | 0.95 | ||||||||
| 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 | 1.04 | 1.19 | 0.81 | 1.09 | ||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q2 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 25,331 ÷ 22,532 = 1.12
2 Click competitor name to see calculations.
- Current Assets
- The current assets demonstrated fluctuations over the examined periods, beginning near $10 billion and reaching several peaks and troughs. There was a marked increase starting in early 2020, with a notable rise in January 2021 nearing $22 billion. Following this peak, there were declines and recoveries, with another substantial peak in early 2024 pushing close to $30 billion. Toward mid-2025, current assets showed a slight decreasing trend but remained elevated compared to the earlier years. Overall, current assets exhibited a general upward trend with periods of volatility and sharp increases notably in early 2021 and early 2024.
- Current Liabilities
- Current liabilities followed a broadly similar pattern to current assets but generally remained close in value, often slightly lower or higher in varying quarters. The values started marginally above $10 billion and climbed to peaks around $27–28 billion during the early 2024 period. Fluctuations were evident, with certain quarters showing declines, followed by recoveries consistent with the trends in current assets. This suggests that liabilities grew alongside assets, with notable peaks corresponding to the asset spikes. In the latest quarters, liabilities maintained elevated levels, though with a slight downward adjustment observed near mid-2025.
- Current Ratio
- The current ratio, calculated as current assets divided by current liabilities, showed variability but remained generally above 1.0 for most periods, indicating the company maintained a level of current assets sufficient to cover current liabilities. From 2019 through early 2020, the ratio gradually improved from below 1.0 to around 1.15. The ratio experienced a peak above 1.3 in April 2021 but then declined below 1.1 for several quarters, indicating tighter liquidity in those intervals. Subsequently, the ratio fluctuated between approximately 1.0 and 1.11 through mid-2025, showing relative consistency in liquidity levels with slight improvements in recent quarters. These observations suggest a stable but cautious liquidity position over time, with occasional strengthening and easing phases.
- Overall Trends and Insights
- The financial data shows that both current assets and current liabilities grew substantially over the analyzed time frame, reflecting an expansion in the scale of operations or business activity. Despite the growth in liabilities, the company managed to maintain a current ratio around or above 1.0, signifying an ability to cover short-term obligations with current assets. The peaks in early 2021 and early 2024 could be linked to cyclical or strategic financial adjustments, possibly related to operational investments or shifts in working capital management. The relative stability of the current ratio in the latter periods implies disciplined liquidity management, albeit with cycles of increased pressure on liquidity as indicated by dips near or just below 1.0 in some quarters. Overall, the firm appears to sustain adequate short-term financial health through effective balancing of assets and liabilities.
Quick Ratio
Salesforce Inc., quick ratio calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 10,365) | 10,928) | 8,848) | 7,997) | 7,682) | 9,958) | 8,472) | 6,453) | 6,772) | 9,155) | 7,016) | 6,076) | 6,931) | 6,859) | 5,464) | 4,753) | 6,299) | 8,544) | 6,195) | 3,724) | 4,052) | 5,772) | 4,145) | 3,868) | 3,510) | 4,110) | ||||||||
| Marketable securities | 5,007) | 6,480) | 5,184) | 4,760) | 4,954) | 7,712) | 5,722) | 5,410) | 5,625) | 4,822) | 5,492) | 5,842) | 6,602) | 6,644) | 5,073) | 4,638) | 3,351) | 6,479) | 5,771) | 5,768) | 5,231) | 4,030) | 3,802) | 2,661) | 2,532) | 2,269) | ||||||||
| Accounts receivable, net | 5,596) | 4,354) | 11,945) | 4,741) | 5,391) | 4,273) | 11,414) | 4,850) | 5,400) | 4,632) | 10,755) | 4,275) | 4,745) | 3,952) | 9,739) | 4,019) | 4,074) | 3,174) | 7,786) | 3,316) | 3,445) | 3,076) | 6,174) | 2,573) | 2,332) | 2,153) | ||||||||
| Total quick assets | 20,968) | 21,762) | 25,977) | 17,498) | 18,027) | 21,943) | 25,608) | 16,713) | 17,797) | 18,609) | 23,263) | 16,193) | 18,278) | 17,455) | 20,276) | 13,410) | 13,724) | 18,197) | 19,752) | 12,808) | 12,728) | 12,878) | 14,121) | 9,102) | 8,374) | 8,532) | ||||||||
| Current liabilities | 22,532) | 24,196) | 27,980) | 19,375) | 21,001) | 23,149) | 26,631) | 19,394) | 20,805) | 21,626) | 25,891) | 18,227) | 20,080) | 19,899) | 21,788) | 15,035) | 17,393) | 15,323) | 17,728) | 12,234) | 12,963) | 12,843) | 14,845) | 10,474) | 10,195) | 10,488) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Quick ratio1 | 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 | 0.95 | 0.87 | 0.82 | 0.81 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 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 | 1.29 | 1.25 | 1.25 | 1.28 | ||||||||
| Adobe Inc. | — | — | — | — | 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 | 1.34 | 1.28 | 1.11 | 1.06 | ||||||||
| Cadence Design Systems Inc. | — | — | — | — | 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 | 1.59 | 1.44 | 1.30 | 1.22 | ||||||||
| 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 | 2.18 | 2.36 | 2.76 | 0.87 | ||||||||
| Datadog Inc. | — | — | — | — | 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 | 5.64 | 6.35 | 6.59 | 4.29 | ||||||||
| Fair Isaac Corp. | — | — | — | 0.83 | 1.86 | 1.62 | 1.52 | 1.76 | 1.92 | 1.22 | 1.43 | 1.39 | 1.28 | 1.26 | 1.37 | 1.15 | 1.17 | 1.31 | 0.91 | 0.95 | 0.92 | 1.16 | 1.19 | 0.93 | 0.87 | 0.89 | ||||||||
| International Business Machines Corp. | — | — | — | — | 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 | 0.83 | 0.88 | 0.88 | 0.80 | ||||||||
| Intuit Inc. | — | — | 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 | 2.04 | 1.54 | 1.30 | 1.34 | ||||||||
| Microsoft Corp. | — | — | 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 | 2.33 | 2.73 | 2.65 | 2.68 | ||||||||
| Oracle Corp. | — | — | 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 | 2.83 | 1.91 | 2.16 | 2.09 | ||||||||
| Palantir Technologies Inc. | — | — | — | — | 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 | 4.11 | 3.90 | 3.79 | 3.73 | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | — | — | 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 | 1.78 | 1.16 | 1.64 | 1.64 | ||||||||
| ServiceNow Inc. | — | — | — | — | 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 | 1.16 | 1.33 | 1.11 | 0.98 | ||||||||
| 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 | 0.94 | 0.82 | 0.73 | 0.73 | ||||||||
| 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 | 0.95 | 1.09 | 0.74 | 1.00 | ||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q2 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 20,968 ÷ 22,532 = 0.93
2 Click competitor name to see calculations.
The analysis of the quarterly financial data over the period from April 2019 to July 2025 reveals several notable trends in the liquidity position as measured by total quick assets, current liabilities, and the quick ratio.
- Total Quick Assets
- Total quick assets exhibit significant fluctuations over the reported periods. Starting at 8,532 million US dollars in April 2019, the value shows an upward tendency with intermittent declines. Noteworthy peaks occur in January 2021 (19,752 million), January 2023 (23,263 million), January 2024 (25,608 million), and January 2025 (25,977 million). Conversely, several declines appear after these peaks, indicating a cyclical pattern. Overall, there is substantial growth in quick assets from the beginning to the end of the period, suggesting increasing liquidity availability.
- Current Liabilities
- Current liabilities mirror the volatility seen in quick assets, starting at 10,488 million US dollars in April 2019. The amounts fluctuate considerably, with major elevated points at January 2022 (21,788 million), January 2023 (25,891 million), January 2024 (26,631 million), and January 2025 (27,980 million). The overall trend for current liabilities is an upward trajectory, indicating growing short-term obligations over time.
- Quick Ratio
- The quick ratio, a key indicator of short-term liquidity, ranges between 0.79 and 1.19 over the period. Initial values remained below 1.0 until early 2020, improving gradually to exceed 1.0 in the latter half of 2020 and early 2021, peaking at 1.19 in April 2021. However, subsequent quarters show a decline in the ratio, often fluctuating below 1.0, indicating moments where quick assets were insufficient to cover current liabilities. The ratio stabilizes around 0.86 to 0.96 in the latter years, suggesting moderate liquidity coverage but some pressure on the ability to meet short-term obligations immediately.
In summary, despite the general increase in total quick assets, current liabilities have also risen substantially, exerting pressure on liquidity ratios. The quick ratio reflects this dynamic, fluctuating and often remaining below the optimal benchmark of 1.0, which implies that while liquidity has improved compared to early periods, there remains a degree of risk related to short-term financial flexibility.
Cash Ratio
Salesforce Inc., cash ratio calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | |||||||||
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| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 10,365) | 10,928) | 8,848) | 7,997) | 7,682) | 9,958) | 8,472) | 6,453) | 6,772) | 9,155) | 7,016) | 6,076) | 6,931) | 6,859) | 5,464) | 4,753) | 6,299) | 8,544) | 6,195) | 3,724) | 4,052) | 5,772) | 4,145) | 3,868) | 3,510) | 4,110) | ||||||||
| Marketable securities | 5,007) | 6,480) | 5,184) | 4,760) | 4,954) | 7,712) | 5,722) | 5,410) | 5,625) | 4,822) | 5,492) | 5,842) | 6,602) | 6,644) | 5,073) | 4,638) | 3,351) | 6,479) | 5,771) | 5,768) | 5,231) | 4,030) | 3,802) | 2,661) | 2,532) | 2,269) | ||||||||
| Total cash assets | 15,372) | 17,408) | 14,032) | 12,757) | 12,636) | 17,670) | 14,194) | 11,863) | 12,397) | 13,977) | 12,508) | 11,918) | 13,533) | 13,503) | 10,537) | 9,391) | 9,650) | 15,023) | 11,966) | 9,492) | 9,283) | 9,802) | 7,947) | 6,529) | 6,042) | 6,379) | ||||||||
| Current liabilities | 22,532) | 24,196) | 27,980) | 19,375) | 21,001) | 23,149) | 26,631) | 19,394) | 20,805) | 21,626) | 25,891) | 18,227) | 20,080) | 19,899) | 21,788) | 15,035) | 17,393) | 15,323) | 17,728) | 12,234) | 12,963) | 12,843) | 14,845) | 10,474) | 10,195) | 10,488) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Cash ratio1 | 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 | 0.54 | 0.62 | 0.59 | 0.61 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 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 | 0.67 | 0.54 | 0.49 | 0.52 | ||||||||
| Adobe Inc. | — | — | — | — | 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 | 1.09 | 1.03 | 0.84 | 0.80 | ||||||||
| Cadence Design Systems Inc. | — | — | — | — | 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 | 1.17 | 1.17 | 1.03 | 0.93 | ||||||||
| 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 | 1.85 | 2.01 | 2.42 | 0.58 | ||||||||
| Datadog Inc. | — | — | — | — | 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 | 5.09 | 5.87 | 6.07 | 3.77 | ||||||||
| Fair Isaac Corp. | — | — | — | 0.25 | 0.43 | 0.56 | 0.40 | 0.46 | 0.43 | 0.37 | 0.37 | 0.41 | 0.37 | 0.39 | 0.40 | 0.40 | 0.46 | 0.50 | 0.35 | 0.44 | 0.40 | 0.37 | 0.38 | 0.27 | 0.23 | 0.25 | ||||||||
| International Business Machines Corp. | — | — | — | — | 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 | 0.36 | 0.41 | 0.37 | 0.30 | ||||||||
| Intuit Inc. | — | — | 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 | 2.00 | 1.46 | 1.03 | 1.28 | ||||||||
| Microsoft Corp. | — | — | 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 | 1.89 | 2.34 | 2.25 | 2.35 | ||||||||
| Oracle Corp. | — | — | 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 | 2.50 | 1.64 | 1.88 | 1.89 | ||||||||
| Palantir Technologies Inc. | — | — | — | — | 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 | 3.83 | 3.64 | 3.43 | 3.50 | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | — | — | 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 | 1.39 | 0.87 | 1.40 | 1.39 | ||||||||
| ServiceNow Inc. | — | — | — | — | 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 | 0.83 | 1.04 | 0.82 | 0.68 | ||||||||
| 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 | 0.58 | 0.51 | 0.42 | 0.34 | ||||||||
| 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 | 0.65 | 0.84 | 0.56 | 0.77 | ||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Q2 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 15,372 ÷ 22,532 = 0.68
2 Click competitor name to see calculations.
The financial data indicates fluctuating trends in cash resources and short-term obligations over the periods analyzed.
- Total Cash Assets
-
Total cash assets exhibit variability, with values generally oscillating between approximately 6,000 million and 17,000 million US dollars. There is notable growth from early 2019, starting at 6,379 million, reaching a peak around April 2021 at 15,023 million. Subsequently, a decline and recovery pattern emerges, with another significant peak occurring around April 2024 at 17,670 million, followed by a decrease to 12,636 million in July 2024, and a gradual rise again towards the end of the last periods recorded.
- Current Liabilities
-
Current liabilities generally show an increasing trend over the timeline, commencing at 10,488 million US dollars in April 2019 and rising significantly to peak levels near or above 26,000 million in early 2023 and early 2025. The fluctuations have some volatility but the overall direction is upward, indicating rising short-term financial obligations throughout the period.
- Cash Ratio
-
The cash ratio, which measures the ability to cover current liabilities with cash assets, presents considerable variation ranging mostly between 0.48 and 0.98. Early periods show ratios around 0.6, with a peak approaching 0.98 in April 2021, reflecting strong liquidity. However, the ratio declines in some later quarters, notably falling to around 0.48 in January 2022 and again in January 2025, signaling periods where cash assets are less adequate to cover current liabilities. There are intermittent recoveries, for example reaching 0.76 in April 2020 and again in April 2024.
Overall, the data suggests that while cash assets have seen substantial growth at times, current liabilities have increased more consistently, resulting in fluctuating liquidity coverage. The variability in the cash ratio highlights periods of both comfortable and tighter cash liquidity relative to obligations, underscoring the importance of ongoing cash management to maintain financial stability.