Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Automatic Data Processing Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Automatic Data Processing Inc. current ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Automatic Data Processing Inc. quick ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Automatic Data Processing Inc. cash ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Current Ratio
Automatic Data Processing Inc., current ratio calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Current assets | 63,903,800) | 51,107,300) | 52,047,900) | 40,741,800) | 46,752,400) | 41,662,300) | 34,815,400) | 31,564,100) | 35,708,700) | 41,365,000) | 29,508,500) | 34,342,300) | 40,924,000) | 31,682,600) | 29,955,900) | 32,050,000) | 38,714,000) | 39,350,000) | 31,002,600) | 32,658,700) | 39,514,400) | 35,808,100) | 30,124,200) | 39,500,400) | 46,819,000) | 35,659,200) | 30,176,100) | ||||||||
| Current liabilities | 63,106,500) | 49,084,000) | 49,669,900) | 38,094,800) | 44,615,200) | 39,176,500) | 32,329,600) | 30,126,600) | 34,672,800) | 40,522,400) | 29,200,900) | 32,627,700) | 39,166,000) | 30,296,900) | 29,037,300) | 30,413,600) | 36,741,200) | 37,250,900) | 28,286,600) | 29,815,900) | 36,418,500) | 32,956,300) | 26,719,300) | 35,847,400) | 43,250,400) | 32,468,100) | 26,587,300) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Current ratio1 | 1.01 | 1.04 | 1.05 | 1.07 | 1.05 | 1.06 | 1.08 | 1.05 | 1.03 | 1.02 | 1.01 | 1.05 | 1.04 | 1.05 | 1.03 | 1.05 | 1.05 | 1.06 | 1.10 | 1.10 | 1.09 | 1.09 | 1.13 | 1.10 | 1.08 | 1.10 | 1.13 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | 1.27 | 1.23 | 1.22 | 1.25 | 1.42 | 1.39 | 1.45 | 1.40 | 1.37 | 1.38 | 1.39 | 1.40 | 1.34 | 1.35 | 1.33 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Adobe Inc. | 1.14 | 1.07 | 1.04 | 1.25 | 1.39 | 1.31 | 1.27 | 1.48 | 1.44 | 1.29 | 1.23 | 0.79 | 0.74 | 0.70 | 0.97 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Cadence Design Systems Inc. | 1.33 | 1.59 | 1.81 | 1.77 | 1.70 | 1.57 | 1.70 | 1.86 | 1.55 | 1.42 | 1.38 | 1.74 | 1.70 | 1.60 | 1.45 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| CrowdStrike Holdings Inc. | 1.90 | 1.98 | 2.07 | 2.65 | 1.91 | 2.18 | 2.25 | 2.38 | 2.53 | 2.94 | 1.03 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 0.95 | 0.88 | 0.92 | 0.88 | 0.84 | 0.84 | 0.93 | 0.98 | 1.05 | 1.04 | 0.96 | 1.02 | 1.09 | 1.83 | 1.36 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 1.63 | 1.18 | 2.10 | 1.94 | 1.96 | 1.53 | 3.09 | 2.26 | 1.79 | 1.67 | 1.80 | 1.83 | 1.85 | 1.32 | 1.41 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 1.99 | 2.25 | 2.16 | 2.08 | 2.29 | 2.58 | 2.53 | 2.52 | 2.90 | 2.80 | 2.85 | 2.53 | 2.97 | 3.12 | 2.92 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 1.52 | 1.65 | 2.04 | 2.30 | 2.16 | 2.17 | 2.66 | 3.03 | 2.12 | 2.37 | 2.25 | 2.49 | 2.65 | 2.80 | 3.43 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Palantir Technologies Inc. | 4.28 | 4.36 | 4.38 | 4.34 | 4.13 | 3.90 | 3.88 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 0.74 | 0.66 | 0.68 | 0.91 | 1.38 | 0.98 | 1.63 | 1.91 | 1.29 | 1.78 | 1.78 | 1.78 | 1.86 | 1.87 | 2.10 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Salesforce Inc. | 1.06 | 0.93 | 1.33 | 1.23 | 1.22 | 1.15 | 1.15 | 1.08 | 1.05 | 0.97 | 0.96 | 0.95 | 0.86 | 0.80 | 1.29 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 1.24 | 1.12 | 1.12 | 1.05 | 1.13 | 1.08 | 1.23 | 1.21 | 1.40 | 1.17 | 1.03 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Synopsys Inc. | 1.14 | 1.25 | 1.19 | 1.16 | 1.18 | 1.19 | 1.10 | 1.19 | 1.06 | 0.95 | 0.95 | 0.99 | 0.99 | 0.95 | 0.89 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).
1 Q3 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 63,903,800 ÷ 63,106,500 = 1.01
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. | Automatic Data Processing Inc. current ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Quick Ratio
Automatic Data Processing Inc., quick ratio calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,634,200) | 1,745,000) | 1,602,100) | 2,575,200) | 1,891,500) | 1,602,200) | 1,613,100) | 1,908,500) | 1,705,000) | 1,500,400) | 1,403,900) | 1,949,200) | 1,826,200) | 2,785,600) | 1,490,300) | 2,170,000) | 2,293,600) | 1,773,400) | 2,363,600) | 2,780,400) | 2,995,500) | 2,705,200) | 2,776,600) | 3,191,100) | 2,941,400) | 2,794,900) | 3,184,700) | ||||||||
| Accounts receivable, net of allowance for doubtful accounts | 3,250,700) | 2,736,000) | 2,769,700) | 2,727,400) | 2,765,400) | 2,509,800) | 2,489,100) | 2,441,300) | 2,620,600) | 2,587,900) | 2,490,400) | 2,439,300) | 2,485,200) | 2,638,100) | 2,216,400) | 1,984,200) | 2,043,400) | 2,045,500) | 1,788,700) | 1,703,600) | 1,811,500) | 1,839,500) | 1,620,600) | 1,742,800) | 2,074,400) | 1,634,200) | 1,565,200) | ||||||||
| Funds held for clients | 58,319,600) | 45,890,400) | 46,808,600) | 34,905,800) | 41,491,000) | 36,866,200) | 29,950,300) | 26,708,100) | 30,834,400) | 36,608,600) | 21,393,200) | 29,434,200) | 36,078,200) | 25,605,900) | 25,402,700) | 27,137,800) | 33,646,700) | 34,451,300) | 25,686,200) | 27,291,500) | 33,887,100) | 30,426,400) | 24,787,200) | 33,841,200) | 41,051,500) | 30,336,000) | 24,508,700) | ||||||||
| Total quick assets | 63,204,500) | 50,371,400) | 51,180,400) | 40,208,400) | 46,147,900) | 40,978,200) | 34,052,500) | 31,057,900) | 35,160,000) | 40,696,900) | 25,287,500) | 33,822,700) | 40,389,600) | 31,029,600) | 29,109,400) | 31,292,000) | 37,983,700) | 38,270,200) | 29,838,500) | 31,775,500) | 38,694,100) | 34,971,100) | 29,184,400) | 38,775,100) | 46,067,300) | 34,765,100) | 29,258,600) | ||||||||
| Current liabilities | 63,106,500) | 49,084,000) | 49,669,900) | 38,094,800) | 44,615,200) | 39,176,500) | 32,329,600) | 30,126,600) | 34,672,800) | 40,522,400) | 29,200,900) | 32,627,700) | 39,166,000) | 30,296,900) | 29,037,300) | 30,413,600) | 36,741,200) | 37,250,900) | 28,286,600) | 29,815,900) | 36,418,500) | 32,956,300) | 26,719,300) | 35,847,400) | 43,250,400) | 32,468,100) | 26,587,300) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Quick ratio1 | 1.00 | 1.03 | 1.03 | 1.06 | 1.03 | 1.05 | 1.05 | 1.03 | 1.01 | 1.00 | 0.87 | 1.04 | 1.03 | 1.02 | 1.00 | 1.03 | 1.03 | 1.03 | 1.05 | 1.07 | 1.06 | 1.06 | 1.09 | 1.08 | 1.07 | 1.07 | 1.10 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | 1.14 | 1.10 | 1.10 | 1.14 | 1.31 | 1.27 | 1.34 | 1.29 | 1.25 | 1.25 | 1.28 | 1.29 | 1.22 | 1.23 | 1.22 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Adobe Inc. | 1.01 | 0.93 | 0.89 | 1.11 | 1.25 | 1.18 | 1.12 | 1.34 | 1.28 | 1.11 | 1.06 | 0.70 | 0.64 | 0.62 | 0.86 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Cadence Design Systems Inc. | 1.13 | 1.36 | 1.56 | 1.47 | 1.48 | 1.33 | 1.43 | 1.59 | 1.44 | 1.30 | 1.22 | 1.50 | 1.50 | 1.43 | 1.27 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| CrowdStrike Holdings Inc. | 1.76 | 1.81 | 1.93 | 2.50 | 1.76 | 2.01 | 2.07 | 2.18 | 2.36 | 2.76 | 0.87 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 0.75 | 0.68 | 0.73 | 0.69 | 0.64 | 0.66 | 0.75 | 0.83 | 0.88 | 0.88 | 0.80 | 0.87 | 0.91 | 1.68 | 1.19 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 1.29 | 0.78 | 1.71 | 1.60 | 1.72 | 1.20 | 2.74 | 2.04 | 1.54 | 1.30 | 1.34 | 1.44 | 1.57 | 0.94 | 0.89 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 1.77 | 2.05 | 1.96 | 1.90 | 2.10 | 2.36 | 2.30 | 2.33 | 2.73 | 2.65 | 2.68 | 2.35 | 2.80 | 2.93 | 2.72 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 1.34 | 1.45 | 1.90 | 2.15 | 2.00 | 2.02 | 2.50 | 2.83 | 1.91 | 2.16 | 2.09 | 2.31 | 2.45 | 2.63 | 3.26 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Palantir Technologies Inc. | 4.08 | 4.09 | 4.15 | 4.11 | 3.90 | 3.79 | 3.73 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 0.70 | 0.62 | 0.64 | 0.86 | 1.23 | 0.88 | 1.48 | 1.78 | 1.16 | 1.64 | 1.64 | 1.65 | 1.73 | 1.74 | 1.98 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Salesforce Inc. | 0.89 | 0.79 | 1.19 | 1.11 | 1.05 | 0.98 | 1.00 | 0.95 | 0.87 | 0.82 | 0.81 | 0.82 | 0.68 | 0.64 | 1.13 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 1.17 | 1.06 | 1.06 | 1.01 | 1.07 | 1.03 | 1.19 | 1.16 | 1.33 | 1.11 | 0.98 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Synopsys Inc. | 0.87 | 0.99 | 0.93 | 0.89 | 0.90 | 0.92 | 0.83 | 0.94 | 0.82 | 0.73 | 0.73 | 0.73 | 0.70 | 0.67 | 0.67 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).
1 Q3 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 63,204,500 ÷ 63,106,500 = 1.00
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. | Automatic Data Processing Inc. quick ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Cash Ratio
Automatic Data Processing Inc., cash ratio calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,634,200) | 1,745,000) | 1,602,100) | 2,575,200) | 1,891,500) | 1,602,200) | 1,613,100) | 1,908,500) | 1,705,000) | 1,500,400) | 1,403,900) | 1,949,200) | 1,826,200) | 2,785,600) | 1,490,300) | 2,170,000) | 2,293,600) | 1,773,400) | 2,363,600) | 2,780,400) | 2,995,500) | 2,705,200) | 2,776,600) | 3,191,100) | 2,941,400) | 2,794,900) | 3,184,700) | ||||||||
| Funds held for clients | 58,319,600) | 45,890,400) | 46,808,600) | 34,905,800) | 41,491,000) | 36,866,200) | 29,950,300) | 26,708,100) | 30,834,400) | 36,608,600) | 21,393,200) | 29,434,200) | 36,078,200) | 25,605,900) | 25,402,700) | 27,137,800) | 33,646,700) | 34,451,300) | 25,686,200) | 27,291,500) | 33,887,100) | 30,426,400) | 24,787,200) | 33,841,200) | 41,051,500) | 30,336,000) | 24,508,700) | ||||||||
| Total cash assets | 59,953,800) | 47,635,400) | 48,410,700) | 37,481,000) | 43,382,500) | 38,468,400) | 31,563,400) | 28,616,600) | 32,539,400) | 38,109,000) | 22,797,100) | 31,383,400) | 37,904,400) | 28,391,500) | 26,893,000) | 29,307,800) | 35,940,300) | 36,224,700) | 28,049,800) | 30,071,900) | 36,882,600) | 33,131,600) | 27,563,800) | 37,032,300) | 43,992,900) | 33,130,900) | 27,693,400) | ||||||||
| Current liabilities | 63,106,500) | 49,084,000) | 49,669,900) | 38,094,800) | 44,615,200) | 39,176,500) | 32,329,600) | 30,126,600) | 34,672,800) | 40,522,400) | 29,200,900) | 32,627,700) | 39,166,000) | 30,296,900) | 29,037,300) | 30,413,600) | 36,741,200) | 37,250,900) | 28,286,600) | 29,815,900) | 36,418,500) | 32,956,300) | 26,719,300) | 35,847,400) | 43,250,400) | 32,468,100) | 26,587,300) | ||||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||||||
| Cash ratio1 | 0.95 | 0.97 | 0.97 | 0.98 | 0.97 | 0.98 | 0.98 | 0.95 | 0.94 | 0.94 | 0.78 | 0.96 | 0.97 | 0.94 | 0.93 | 0.96 | 0.98 | 0.97 | 0.99 | 1.01 | 1.01 | 1.01 | 1.03 | 1.03 | 1.02 | 1.02 | 1.04 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | 0.41 | 0.35 | 0.37 | 0.52 | 0.67 | 0.65 | 0.68 | 0.67 | 0.54 | 0.49 | 0.52 | 0.55 | 0.45 | 0.44 | 0.43 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Adobe Inc. | 0.77 | 0.72 | 0.65 | 0.84 | 1.00 | 0.94 | 0.85 | 1.09 | 1.03 | 0.84 | 0.80 | 0.51 | 0.47 | 0.45 | 0.61 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Cadence Design Systems Inc. | 0.82 | 0.99 | 1.18 | 1.12 | 1.12 | 0.91 | 0.94 | 1.17 | 1.17 | 1.03 | 0.93 | 1.05 | 1.06 | 1.04 | 0.85 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| CrowdStrike Holdings Inc. | 1.54 | 1.57 | 1.71 | 2.22 | 1.51 | 1.76 | 1.81 | 1.85 | 2.01 | 2.42 | 0.58 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 0.32 | 0.24 | 0.32 | 0.22 | 0.23 | 0.22 | 0.31 | 0.36 | 0.41 | 0.37 | 0.30 | 0.24 | 0.31 | 1.10 | 0.47 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 1.09 | 0.48 | 1.52 | 1.46 | 1.52 | 1.02 | 2.69 | 2.00 | 1.46 | 1.03 | 1.28 | 1.39 | 1.46 | 0.67 | 0.84 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 1.35 | 1.62 | 1.62 | 1.47 | 1.74 | 1.96 | 1.97 | 1.89 | 2.34 | 2.25 | 2.35 | 1.93 | 2.44 | 2.54 | 2.41 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 1.12 | 1.21 | 1.70 | 1.93 | 1.77 | 1.81 | 2.26 | 2.50 | 1.64 | 1.88 | 1.89 | 2.03 | 2.23 | 2.43 | 3.07 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Palantir Technologies Inc. | 3.59 | 3.69 | 3.77 | 3.83 | 3.64 | 3.43 | 3.50 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 0.50 | 0.45 | 0.48 | 0.57 | 0.98 | 0.72 | 1.22 | 1.39 | 0.87 | 1.40 | 1.39 | 1.37 | 1.52 | 1.51 | 1.76 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Salesforce Inc. | 0.62 | 0.55 | 0.98 | 0.67 | 0.78 | 0.72 | 0.76 | 0.54 | 0.62 | 0.59 | 0.61 | 0.39 | 0.43 | 0.40 | 0.91 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 0.89 | 0.81 | 0.83 | 0.67 | 0.80 | 0.76 | 0.94 | 0.83 | 1.04 | 0.82 | 0.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Synopsys Inc. | 0.60 | 0.70 | 0.51 | 0.65 | 0.66 | 0.65 | 0.47 | 0.58 | 0.51 | 0.42 | 0.34 | 0.42 | 0.42 | 0.36 | 0.29 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).
1 Q3 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 59,953,800 ÷ 63,106,500 = 0.95
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. | Automatic Data Processing Inc. cash ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |