Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Fortinet Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Fortinet Inc. current ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Fortinet Inc. quick ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Fortinet Inc. cash ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Current Ratio
Fortinet Inc., current ratio calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current assets | 4,358,700) | 3,810,400) | 2,982,200) | 2,952,900) | 3,208,300) | 3,600,600) | 3,963,500) | 3,908,200) | 3,781,200) | 2,740,400) | 2,384,600) | 2,208,700) | 2,035,300) | 2,769,000) | 2,466,200) | 2,360,700) | 2,313,300) | 2,220,900) | 2,078,100) | 1,884,800) | 1,735,800) | |||||||
| Current liabilities | 3,261,800) | 3,078,400) | 2,779,600) | 2,634,900) | 2,510,500) | 2,318,100) | 2,198,000) | 1,998,500) | 1,879,700) | 1,829,500) | 1,645,600) | 1,611,900) | 1,543,000) | 1,473,600) | 1,341,900) | 1,293,700) | 1,254,300) | 1,256,400) | 1,111,900) | 1,085,200) | 1,029,700) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 1.34 | 1.24 | 1.07 | 1.12 | 1.28 | 1.55 | 1.80 | 1.96 | 2.01 | 1.50 | 1.45 | 1.37 | 1.32 | 1.88 | 1.84 | 1.82 | 1.84 | 1.77 | 1.87 | 1.74 | 1.69 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Accenture PLC | 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 | 1.40 | 1.34 | 1.35 | 1.33 | 1.34 | 1.29 | 1.31 | 1.25 | |||||||
| Adobe Inc. | 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 | 0.79 | 0.74 | 0.70 | 0.97 | 1.13 | 1.66 | 2.08 | 2.12 | |||||||
| Autodesk Inc. | 0.62 | 0.69 | 0.81 | 0.50 | 0.48 | 0.83 | 0.83 | 0.84 | 0.79 | 0.83 | 0.60 | 0.56 | 0.64 | 0.70 | 0.80 | 0.83 | 0.92 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 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 | 1.74 | 1.70 | 1.60 | 1.45 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 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 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 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 | 1.02 | 1.09 | 1.83 | 1.36 | — | — | — | — | |||||||
| Intuit Inc. | 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 | 1.83 | 1.85 | 1.32 | 1.41 | — | — | — | — | |||||||
| Microsoft Corp. | 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 | 2.53 | 2.97 | 3.12 | 2.92 | — | — | — | — | |||||||
| Oracle Corp. | 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 | 2.49 | 2.65 | 2.80 | 3.43 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 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 | 1.78 | 1.86 | 1.87 | 2.10 | — | — | — | — | |||||||
| Salesforce Inc. | 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 | 0.95 | 0.86 | 0.80 | 1.29 | — | — | — | — | |||||||
| ServiceNow Inc. | 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 | 1.03 | 1.05 | 1.10 | 1.13 | — | — | — | — | |||||||
| Synopsys Inc. | 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 | 0.99 | 0.99 | 0.95 | 0.89 | 0.73 | 0.70 | 0.73 | 0.68 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,358,700 ÷ 3,261,800 = 1.34
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. | Fortinet Inc. current ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Quick Ratio
Fortinet Inc., quick ratio calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,304,200) | 1,682,900) | 964,000) | 710,000) | 923,500) | 1,319,100) | 1,852,100) | 1,879,300) | 1,860,200) | 1,061,800) | 882,300) | 916,400) | 626,100) | 1,222,500) | 1,175,500) | 1,022,100) | 1,216,900) | 1,112,400) | 1,169,300) | 972,100) | 835,600) | |||||||
| Short-term investments | 548,800) | 502,600) | 739,500) | 1,020,600) | 1,185,700) | 1,194,000) | 1,228,100) | 1,233,900) | 1,076,700) | 775,500) | 774,400) | 610,500) | 775,200) | 843,100) | 764,800) | 808,100) | 584,900) | 537,200) | 464,900) | 461,600) | 468,300) | |||||||
| Marketable equity securities | 26,100) | 25,500) | 26,900) | 24,300) | 32,400) | 38,600) | 40,800) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Accounts receivable, net | 1,087,200) | 1,261,700) | 963,200) | 919,500) | 790,400) | 807,700) | 604,900) | 584,600) | 637,300) | 720,000) | 546,600) | 498,700) | 474,700) | 544,300) | 384,100) | 403,100) | 381,000) | 444,500) | 324,400) | 333,600) | 313,100) | |||||||
| Total quick assets | 3,966,300) | 3,472,700) | 2,693,600) | 2,674,400) | 2,932,000) | 3,359,400) | 3,725,900) | 3,697,800) | 3,574,200) | 2,557,300) | 2,203,300) | 2,025,600) | 1,876,000) | 2,609,900) | 2,324,400) | 2,233,300) | 2,182,800) | 2,094,100) | 1,958,600) | 1,767,300) | 1,617,000) | |||||||
| Current liabilities | 3,261,800) | 3,078,400) | 2,779,600) | 2,634,900) | 2,510,500) | 2,318,100) | 2,198,000) | 1,998,500) | 1,879,700) | 1,829,500) | 1,645,600) | 1,611,900) | 1,543,000) | 1,473,600) | 1,341,900) | 1,293,700) | 1,254,300) | 1,256,400) | 1,111,900) | 1,085,200) | 1,029,700) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 1.22 | 1.13 | 0.97 | 1.01 | 1.17 | 1.45 | 1.70 | 1.85 | 1.90 | 1.40 | 1.34 | 1.26 | 1.22 | 1.77 | 1.73 | 1.73 | 1.74 | 1.67 | 1.76 | 1.63 | 1.57 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Accenture PLC | 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 | 1.29 | 1.22 | 1.23 | 1.22 | 1.24 | 1.19 | 1.19 | 1.13 | |||||||
| Adobe Inc. | 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 | 0.70 | 0.64 | 0.62 | 0.86 | 1.06 | 1.58 | 1.99 | 2.04 | |||||||
| Autodesk Inc. | 0.52 | 0.62 | 0.72 | 0.42 | 0.40 | 0.77 | 0.77 | 0.77 | 0.71 | 0.78 | 0.54 | 0.49 | 0.56 | 0.62 | 0.70 | 0.73 | 0.81 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 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 | 1.50 | 1.50 | 1.43 | 1.27 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 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 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 0.97 | 0.73 | 0.74 | 0.66 | 0.72 | 0.67 | 0.64 | 0.66 | 0.75 | 0.83 | 0.88 | 0.88 | 0.80 | 0.87 | 0.91 | 1.68 | 1.19 | — | — | — | — | |||||||
| Intuit Inc. | 1.10 | 1.17 | 1.29 | 0.78 | 1.71 | 1.60 | 1.72 | 1.20 | 2.74 | 2.04 | 1.54 | 1.30 | 1.34 | 1.44 | 1.57 | 0.94 | 0.89 | — | — | — | — | |||||||
| Microsoft Corp. | 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 | 2.35 | 2.80 | 2.93 | 2.72 | — | — | — | — | |||||||
| Oracle Corp. | 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 | 2.31 | 2.45 | 2.63 | 3.26 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 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 | 1.65 | 1.73 | 1.74 | 1.98 | — | — | — | — | |||||||
| Salesforce Inc. | 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 | 0.82 | 0.68 | 0.64 | 1.13 | — | — | — | — | |||||||
| ServiceNow Inc. | 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 | 0.98 | 0.99 | 1.04 | 1.06 | — | — | — | — | |||||||
| Synopsys Inc. | 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 | 0.73 | 0.70 | 0.67 | 0.67 | 0.61 | 0.60 | 0.61 | 0.57 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,966,300 ÷ 3,261,800 = 1.22
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. | Fortinet Inc. quick ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Cash Ratio
Fortinet Inc., cash ratio calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,304,200) | 1,682,900) | 964,000) | 710,000) | 923,500) | 1,319,100) | 1,852,100) | 1,879,300) | 1,860,200) | 1,061,800) | 882,300) | 916,400) | 626,100) | 1,222,500) | 1,175,500) | 1,022,100) | 1,216,900) | 1,112,400) | 1,169,300) | 972,100) | 835,600) | |||||||
| Short-term investments | 548,800) | 502,600) | 739,500) | 1,020,600) | 1,185,700) | 1,194,000) | 1,228,100) | 1,233,900) | 1,076,700) | 775,500) | 774,400) | 610,500) | 775,200) | 843,100) | 764,800) | 808,100) | 584,900) | 537,200) | 464,900) | 461,600) | 468,300) | |||||||
| Marketable equity securities | 26,100) | 25,500) | 26,900) | 24,300) | 32,400) | 38,600) | 40,800) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total cash assets | 2,879,100) | 2,211,000) | 1,730,400) | 1,754,900) | 2,141,600) | 2,551,700) | 3,121,000) | 3,113,200) | 2,936,900) | 1,837,300) | 1,656,700) | 1,526,900) | 1,401,300) | 2,065,600) | 1,940,300) | 1,830,200) | 1,801,800) | 1,649,600) | 1,634,200) | 1,433,700) | 1,303,900) | |||||||
| Current liabilities | 3,261,800) | 3,078,400) | 2,779,600) | 2,634,900) | 2,510,500) | 2,318,100) | 2,198,000) | 1,998,500) | 1,879,700) | 1,829,500) | 1,645,600) | 1,611,900) | 1,543,000) | 1,473,600) | 1,341,900) | 1,293,700) | 1,254,300) | 1,256,400) | 1,111,900) | 1,085,200) | 1,029,700) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 0.88 | 0.72 | 0.62 | 0.67 | 0.85 | 1.10 | 1.42 | 1.56 | 1.56 | 1.00 | 1.01 | 0.95 | 0.91 | 1.40 | 1.45 | 1.41 | 1.44 | 1.31 | 1.47 | 1.32 | 1.27 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Accenture PLC | 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 | 0.55 | 0.45 | 0.44 | 0.43 | 0.50 | 0.41 | 0.38 | 0.37 | |||||||
| Adobe Inc. | 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 | 0.51 | 0.47 | 0.45 | 0.61 | 0.75 | 1.30 | 1.70 | 1.74 | |||||||
| Autodesk Inc. | 0.42 | 0.44 | 0.55 | 0.30 | 0.29 | 0.57 | 0.57 | 0.58 | 0.57 | 0.57 | 0.36 | 0.37 | 0.44 | 0.41 | 0.54 | 0.61 | 0.70 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 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 | 1.05 | 1.06 | 1.04 | 0.85 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 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 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 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 | 0.24 | 0.31 | 1.10 | 0.47 | — | — | — | — | |||||||
| Intuit Inc. | 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 | 1.39 | 1.46 | 0.67 | 0.84 | — | — | — | — | |||||||
| Microsoft Corp. | 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 | 1.93 | 2.44 | 2.54 | 2.41 | — | — | — | — | |||||||
| Oracle Corp. | 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 | 2.03 | 2.23 | 2.43 | 3.07 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 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 | 1.37 | 1.52 | 1.51 | 1.76 | — | — | — | — | |||||||
| Salesforce Inc. | 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 | 0.39 | 0.43 | 0.40 | 0.91 | — | — | — | — | |||||||
| ServiceNow Inc. | 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 | 0.61 | 0.67 | 0.74 | 0.79 | — | — | — | — | |||||||
| Synopsys Inc. | 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 | 0.42 | 0.42 | 0.36 | 0.29 | 0.34 | 0.36 | 0.30 | 0.31 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,879,100 ÷ 3,261,800 = 0.88
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. | Fortinet Inc. cash ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |