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: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 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).
The liquidity profile exhibits a period of relative stability between mid-2021 and mid-2024, followed by a notable deterioration in liquidity metrics beginning in late 2025. While the company maintained a balanced position for several years, the most recent data indicates a decline in the ability to cover short-term obligations with current assets.
- Current Ratio
- After an initial decline from 1.33 in April 2021 to 0.93 in July 2021, the ratio remained largely stable, fluctuating between 1.02 and 1.11 for approximately three years. This suggests a consistent alignment between current assets and current liabilities. However, a downward trend emerged in October 2025 (0.98), reaching a period low of 0.76 in January 2026, before recovering slightly to 0.84 by July 2026.
- Quick Ratio
- The quick ratio closely mirrors the trend of the current ratio, indicating that inventories do not significantly impact the liquidity position. The ratio dropped from 1.19 in April 2021 and spent the majority of the subsequent period below the 1.0 threshold, typically oscillating between 0.86 and 0.96. A significant contraction occurred starting in late 2025, with the ratio hitting a low of 0.62 in April 2026, ending the period at 0.67.
- Cash Ratio
- The cash ratio displays the highest level of volatility among the three metrics. It began at a peak of 0.98 in April 2021 and experienced various fluctuations, generally staying within the 0.48 to 0.76 range through mid-2024. A sharp decline is observed in January 2026, where the ratio fell to 0.26, the lowest point in the analyzed timeframe. A subsequent recovery brought the ratio to 0.43 by July 2026, though it remains substantially lower than historical levels.
The convergence of all three ratios toward lower values in the 2025-2026 period suggests a systemic reduction in liquidity. The gap between the current and quick ratios remained narrow, while the significant dip in the cash ratio relative to the others indicates a decrease in immediate cash availability compared to other current assets like receivables.
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Current Ratio
Salesforce Inc., current ratio calculation (quarterly data)
| Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 22,083) | 21,613) | 28,222) | 21,063) | 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) | |||||||
| Current liabilities | 26,336) | 27,502) | 37,118) | 21,410) | 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) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 0.84 | 0.79 | 0.76 | 0.98 | 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 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 1.34 | 1.34 | 1.41 | 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 | |||||||
| Adobe Inc. | — | — | — | — | 0.75 | 0.91 | 1.00 | 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 | |||||||
| AppLovin Corp. | — | — | — | — | 4.30 | 3.24 | 3.32 | 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. | — | — | — | — | 1.74 | 1.47 | 2.86 | 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 | |||||||
| Datadog Inc. | — | — | — | — | 3.20 | 3.40 | 3.38 | 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 | |||||||
| International Business Machines Corp. | — | — | — | — | 0.79 | 0.80 | 0.96 | 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 | |||||||
| Intuit Inc. | — | — | 1.51 | 1.45 | 1.32 | 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 | |||||||
| Microsoft Corp. | — | — | 1.23 | 1.28 | 1.39 | 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 | |||||||
| Oracle Corp. | — | 1.17 | 1.12 | 1.35 | 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 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 7.23 | 6.91 | 7.11 | 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. | — | — | 0.87 | 0.86 | 1.04 | 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 | |||||||
| ServiceNow Inc. | — | — | — | — | 0.70 | 0.84 | 1.00 | 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 | |||||||
| Synopsys Inc. | — | — | — | 1.34 | 1.43 | 1.36 | 1.62 | 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 | |||||||
| Workday Inc. | 0.91 | 1.01 | 1.32 | 1.83 | 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 | |||||||
Based on: 10-Q (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 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).
1 Q2 2027 Calculation
Current ratio = Current assets ÷ Current liabilities
= 22,083 ÷ 26,336 = 0.84
2 Click competitor name to see calculations.
The liquidity profile exhibits a period of relative stability followed by a notable deterioration in the final quarters of the analyzed timeframe. For the majority of the period between January 2022 and October 2025, the liquidity position remained consistently near or slightly above a 1.0 threshold, suggesting a balanced alignment between short-term assets and obligations.
- Current Ratio Trends
- A high of 1.33 was observed in April 2021, followed by a sharp decline to 0.93 in July 2021. Subsequent performance showed a prolonged period of stabilization, with the ratio oscillating within a narrow band between 1.02 and 1.12. However, a significant downward shift occurred starting in January 2026, where the ratio dropped to a period low of 0.76 before partially recovering to 0.84 by July 2026.
- Current Asset and Liability Dynamics
- Both current assets and current liabilities demonstrate a cyclical pattern, with peak values recurring every January. Current assets generally fluctuated between 15.9 billion and 29.7 billion US dollars. Current liabilities followed a similar trajectory until January 2026, when a substantial increase to 37.1 billion US dollars was recorded. This specific surge in short-term obligations outpaced the growth in current assets, resulting in the observed compression of the current ratio.
- Liquidity Risk Assessment
- The transition from a ratio consistently above 1.0 to values below 1.0 in the final three quarters indicates a shift in the short-term financial position. The inability to maintain current assets in excess of current liabilities during the 2026 period suggests an increased reliance on cash flow generation or external financing to meet immediate obligations.
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Quick Ratio
Salesforce Inc., quick ratio calculation (quarterly data)
| Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 8,310) | 8,935) | 7,327) | 8,978) | 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) | |||||||
| Marketable securities | 3,093) | 2,902) | 2,238) | 2,345) | 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) | |||||||
| Accounts receivable, net | 6,320) | 5,080) | 14,339) | 5,474) | 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) | |||||||
| Total quick assets | 17,723) | 16,917) | 23,904) | 16,797) | 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) | |||||||
| Current liabilities | 26,336) | 27,502) | 37,118) | 21,410) | 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) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 0.67 | 0.62 | 0.64 | 0.78 | 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 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 1.21 | 1.20 | 1.29 | 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 | |||||||
| Adobe Inc. | — | — | — | — | 0.63 | 0.79 | 0.88 | 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 | |||||||
| AppLovin Corp. | — | — | — | — | 4.17 | 3.16 | 3.23 | 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. | — | — | — | — | 1.36 | 1.13 | 2.41 | 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 | |||||||
| Datadog Inc. | — | — | — | — | 3.10 | 3.28 | 3.28 | 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 | |||||||
| International Business Machines Corp. | — | — | — | — | 0.62 | 0.65 | 0.83 | 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 | |||||||
| Intuit Inc. | — | — | 0.93 | 0.76 | 0.67 | 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 | |||||||
| Microsoft Corp. | — | — | 0.93 | 1.01 | 1.12 | 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 | |||||||
| Oracle Corp. | — | 1.02 | 1.01 | 1.22 | 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 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 7.09 | 6.82 | 6.99 | 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. | — | — | 0.79 | 0.78 | 0.97 | 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 | |||||||
| ServiceNow Inc. | — | — | — | — | 0.61 | 0.75 | 0.91 | 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 | |||||||
| Synopsys Inc. | — | — | — | 0.99 | 0.99 | 0.98 | 1.20 | 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 | |||||||
| Workday Inc. | 0.81 | 0.91 | 1.22 | 1.71 | 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 | |||||||
Based on: 10-Q (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 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).
1 Q2 2027 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,723 ÷ 26,336 = 0.67
2 Click competitor name to see calculations.
The liquidity position exhibits a transition from a period of relative stability to a notable decline in the latter part of the observed timeframe. While the quick ratio remained consistently near the 0.90 threshold for several years, a deterioration occurs starting in late 2025, indicating a diminished capacity to cover short-term obligations using only the most liquid assets.
- Quick Asset Volatility
- Total quick assets demonstrate a cyclical pattern characterized by recurring peaks every January. These peaks reached a maximum of approximately 25.9 billion USD in January 2025. These periodic increases were typically followed by quarterly contractions, suggesting a consistent cycle of liquid asset accumulation and utilization.
- Current Liabilities Expansion
- A sustained upward trajectory is observed in current liabilities, which grew from 15.3 billion USD in April 2021 to a peak of 37.1 billion USD in January 2026. This represents a substantial increase in short-term financial obligations over the reporting period.
- Quick Ratio Analysis
- The quick ratio began at a high of 1.19 in April 2021, subsequently stabilizing between 0.86 and 0.96 from July 2021 through October 2024. A significant downward trend emerges from October 2025, with the ratio falling to 0.64 in January 2026 and reaching a low of 0.62 in April 2026. This decline is primarily driven by the sharp acceleration in current liabilities during the 2025-2026 period, which outpaced the growth of quick assets.
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Cash Ratio
Salesforce Inc., cash ratio calculation (quarterly data)
| Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 8,310) | 8,935) | 7,327) | 8,978) | 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) | |||||||
| Marketable securities | 3,093) | 2,902) | 2,238) | 2,345) | 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) | |||||||
| Total cash assets | 11,403) | 11,837) | 9,565) | 11,323) | 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) | |||||||
| Current liabilities | 26,336) | 27,502) | 37,118) | 21,410) | 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) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 0.43 | 0.43 | 0.26 | 0.53 | 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 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Accenture PLC | — | — | — | 0.47 | 0.45 | 0.49 | 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 | |||||||
| Adobe Inc. | — | — | — | — | 0.47 | 0.60 | 0.65 | 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 | |||||||
| AppLovin Corp. | — | — | — | — | 2.43 | 1.85 | 1.86 | 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. | — | — | — | — | 0.78 | 0.65 | 1.84 | 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 | |||||||
| Datadog Inc. | — | — | — | — | 2.66 | 2.87 | 2.81 | 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 | |||||||
| International Business Machines Corp. | — | — | — | — | 0.23 | 0.29 | 0.37 | 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 | |||||||
| Intuit Inc. | — | — | 0.71 | 0.55 | 0.34 | 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 | |||||||
| Microsoft Corp. | — | — | 0.46 | 0.57 | 0.69 | 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 | |||||||
| Oracle Corp. | — | 0.78 | 0.76 | 0.96 | 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 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 6.13 | 5.80 | 6.11 | 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. | — | — | 0.31 | 0.35 | 0.57 | 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 | |||||||
| ServiceNow Inc. | — | — | — | — | 0.38 | 0.52 | 0.60 | 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 | |||||||
| Synopsys Inc. | — | — | — | 0.73 | 0.66 | 0.56 | 0.80 | 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 | |||||||
| Workday Inc. | 0.52 | 0.67 | 0.85 | 1.36 | 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 | |||||||
Based on: 10-Q (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 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).
1 Q2 2027 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 11,403 ÷ 26,336 = 0.43
2 Click competitor name to see calculations.
The liquidity position of the organization exhibits a general long-term decline in the cash ratio, characterized by significant quarterly volatility. Starting from a peak of 0.98 in April 2021, the ratio transitioned into a fluctuating range primarily between 0.48 and 0.76 before experiencing a sharp contraction toward the end of the observed period.
- Cash Ratio Trend and Volatility
- A downward trajectory is evident over the five-year period. While the ratio remained relatively stable between 0.48 and 0.76 from 2021 through 2025, a critical decline occurred in early 2026, reaching a period low of 0.26 in January 2026. This indicates a diminishing ability to cover current liabilities using only the most liquid assets.
- Analysis of Current Liabilities
- The decline in the cash ratio is primarily driven by a substantial increase in current liabilities. Obligations rose from 15,323 million USD in April 2021 to a peak of 37,118 million USD in January 2026. This growth in short-term obligations consistently outpaced the growth of cash holdings, placing downward pressure on the liquidity metric.
- Cash Asset Fluctuations
- Total cash assets demonstrated a cyclical pattern rather than a steady growth trend. Cash levels peaked in April 2024 (17,670 million USD) and April 2025 (17,408 million USD). However, these peaks were insufficient to offset the concurrent rise in current liabilities, resulting in ratios that remained significantly lower than the initial 2021 baseline.
- Cyclical Liquidity Patterns
- A recurring pattern is observed where liquidity ratios typically dip during the January reporting periods (e.g., January 2022, 2023, 2025, and 2026) and recover toward the April or July periods. The most severe instance of this cycle occurred in January 2026, where the combination of a liability spike and reduced cash assets led to the lowest liquidity level in the analyzed timeframe.
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