Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
CrowdStrike Holdings Inc., liquidity ratios
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.76 | 1.73 | 1.83 | 2.65 | 2.38 | |
| Quick ratio | 1.60 | 1.58 | 1.68 | 2.50 | 2.18 | |
| Cash ratio | 1.29 | 1.28 | 1.42 | 2.22 | 1.85 |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | CrowdStrike Holdings Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | CrowdStrike Holdings Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | CrowdStrike Holdings Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Current Ratio
CrowdStrike Holdings Inc., current ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 4,757,307) | 3,640,267) | 2,570,952) | 2,292,274) | 1,171,636) | |
| Current liabilities | 2,697,279) | 2,109,072) | 1,406,830) | 863,553) | 493,096) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.76 | 1.73 | 1.83 | 2.65 | 2.38 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Accenture PLC | 1.10 | 1.30 | 1.23 | 1.25 | 1.40 | |
| Adobe Inc. | — | 1.34 | 1.11 | 1.25 | 1.48 | |
| Autodesk Inc. | 0.82 | 0.84 | 0.69 | 0.83 | 0.83 | |
| Cadence Design Systems Inc. | — | 1.24 | 1.27 | 1.77 | 1.86 | |
| International Business Machines Corp. | — | 0.96 | 0.92 | 0.88 | 0.98 | |
| Intuit Inc. | 1.29 | 1.47 | 1.39 | 1.94 | 2.26 | |
| Microsoft Corp. | 1.27 | 1.77 | 1.78 | 2.08 | 2.52 | |
| Oracle Corp. | 0.72 | 0.91 | 1.62 | 2.30 | 3.03 | |
| Palo Alto Networks Inc. | 0.89 | 0.78 | 0.77 | 0.91 | 1.91 | |
| Salesforce Inc. | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | |
| ServiceNow Inc. | — | 1.06 | 1.11 | 1.05 | 1.21 | |
| Synopsys Inc. | — | 1.15 | 1.09 | 1.16 | 1.19 | |
| Current Ratio, Sector | ||||||
| Software & Services | — | 1.36 | 1.41 | 1.66 | 1.90 | |
| Current Ratio, Industry | ||||||
| Information Technology | — | 1.44 | 1.42 | 1.62 | 1.83 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,757,307 ÷ 2,697,279 = 1.76
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. | CrowdStrike Holdings Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Quick Ratio
CrowdStrike Holdings Inc., quick ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 3,375,069) | 2,455,369) | 1,996,633) | 1,918,608) | 264,798) | |
| Short-term investments | 99,591) | 250,000) | —) | —) | 647,266) | |
| Accounts receivable, net of allowance for credit losses | 853,105) | 626,181) | 368,145) | 239,199) | 164,987) | |
| Total quick assets | 4,327,765) | 3,331,550) | 2,364,778) | 2,157,807) | 1,077,051) | |
| Current liabilities | 2,697,279) | 2,109,072) | 1,406,830) | 863,553) | 493,096) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.60 | 1.58 | 1.68 | 2.50 | 2.18 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Accenture PLC | 0.98 | 1.18 | 1.12 | 1.14 | 1.29 | |
| Adobe Inc. | — | 1.22 | 1.00 | 1.11 | 1.34 | |
| Autodesk Inc. | 0.72 | 0.76 | 0.62 | 0.77 | 0.78 | |
| Cadence Design Systems Inc. | — | 1.02 | 1.02 | 1.47 | 1.60 | |
| International Business Machines Corp. | — | 0.80 | 0.73 | 0.67 | 0.83 | |
| Intuit Inc. | 0.71 | 1.25 | 1.17 | 1.65 | 2.04 | |
| Microsoft Corp. | 1.06 | 1.54 | 1.57 | 1.90 | 2.33 | |
| Oracle Corp. | 0.59 | 0.74 | 1.43 | 2.15 | 2.83 | |
| Palo Alto Networks Inc. | 0.82 | 0.72 | 0.75 | 0.88 | 1.85 | |
| Salesforce Inc. | 0.96 | 0.90 | 0.93 | 1.11 | 0.95 | |
| ServiceNow Inc. | — | 1.00 | 1.06 | 1.01 | 1.16 | |
| Synopsys Inc. | — | 0.85 | 0.85 | 0.89 | 0.94 | |
| Quick Ratio, Sector | ||||||
| Software & Services | — | 1.18 | 1.24 | 1.50 | 1.74 | |
| Quick Ratio, Industry | ||||||
| Information Technology | — | 1.16 | 1.14 | 1.37 | 1.59 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,327,765 ÷ 2,697,279 = 1.60
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. | CrowdStrike Holdings Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Cash Ratio
CrowdStrike Holdings Inc., cash ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 3,375,069) | 2,455,369) | 1,996,633) | 1,918,608) | 264,798) | |
| Short-term investments | 99,591) | 250,000) | —) | —) | 647,266) | |
| Total cash assets | 3,474,660) | 2,705,369) | 1,996,633) | 1,918,608) | 912,064) | |
| Current liabilities | 2,697,279) | 2,109,072) | 1,406,830) | 863,553) | 493,096) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 1.29 | 1.28 | 1.42 | 2.22 | 1.85 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Accenture PLC | 0.26 | 0.50 | 0.45 | 0.52 | 0.67 | |
| Adobe Inc. | — | 0.95 | 0.75 | 0.84 | 1.09 | |
| Autodesk Inc. | 0.52 | 0.52 | 0.44 | 0.57 | 0.57 | |
| Cadence Design Systems Inc. | — | 0.72 | 0.66 | 1.13 | 1.17 | |
| International Business Machines Corp. | — | 0.39 | 0.28 | 0.22 | 0.36 | |
| Intuit Inc. | 0.54 | 0.97 | 0.90 | 1.46 | 2.00 | |
| Microsoft Corp. | 0.60 | 1.07 | 1.10 | 1.47 | 1.89 | |
| Oracle Corp. | 0.34 | 0.44 | 1.12 | 1.93 | 2.50 | |
| Palo Alto Networks Inc. | 0.34 | 0.31 | 0.44 | 0.57 | 1.39 | |
| Salesforce Inc. | 0.53 | 0.48 | 0.48 | 0.67 | 0.54 | |
| ServiceNow Inc. | — | 0.66 | 0.71 | 0.67 | 0.83 | |
| Synopsys Inc. | — | 0.53 | 0.56 | 0.65 | 0.58 | |
| Cash Ratio, Sector | ||||||
| Software & Services | — | 0.75 | 0.80 | 1.10 | 1.31 | |
| Cash Ratio, Industry | ||||||
| Information Technology | — | 0.75 | 0.72 | 0.95 | 1.18 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,474,660 ÷ 2,697,279 = 1.29
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. | CrowdStrike Holdings Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |