Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Western Digital Corp., liquidity ratios
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Western Digital Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Western Digital Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Western Digital Corp. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Current Ratio
Western Digital Corp., current ratio calculation, comparison to benchmarks
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 7,886) | 9,453) | 9,757) | 9,048) | 8,477) | 10,638) | |
| Current liabilities | 5,434) | 5,237) | 4,870) | 4,406) | 3,817) | 4,456) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.45 | 1.81 | 2.00 | 2.05 | 2.22 | 2.39 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Apple Inc. | 0.99 | 0.88 | 1.07 | 1.36 | 1.54 | — | |
| Arista Networks Inc. | 4.39 | 4.29 | 4.34 | 4.99 | 5.81 | — | |
| Cisco Systems Inc. | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | — | |
| Dell Technologies Inc. | 0.82 | 0.80 | 0.80 | 0.70 | 0.80 | — | |
| Super Micro Computer Inc. | 2.31 | 1.91 | 1.93 | 2.25 | 2.35 | 1.89 | |
| Current Ratio, Sector | |||||||
| Technology Hardware & Equipment | 1.04 | 0.95 | 1.08 | 1.24 | — | — | |
| Current Ratio, Industry | |||||||
| Information Technology | 1.41 | 1.37 | 1.55 | 1.71 | — | — | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,886 ÷ 5,434 = 1.45
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. | Western Digital Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Western Digital Corp., quick ratio calculation, comparison to benchmarks
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 2,023) | 2,327) | 3,370) | 3,048) | 3,455) | 5,005) | |
| Accounts receivable, net | 1,598) | 2,804) | 2,257) | 2,379) | 1,204) | 2,197) | |
| Total quick assets | 3,621) | 5,131) | 5,627) | 5,427) | 4,659) | 7,202) | |
| Current liabilities | 5,434) | 5,237) | 4,870) | 4,406) | 3,817) | 4,456) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.67 | 0.98 | 1.16 | 1.23 | 1.22 | 1.62 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Apple Inc. | 0.84 | 0.71 | 0.91 | 1.22 | 1.38 | — | |
| Arista Networks Inc. | 3.16 | 3.05 | 3.54 | 4.25 | 5.22 | — | |
| Cisco Systems Inc. | 1.13 | 1.16 | 1.32 | 1.58 | 1.39 | — | |
| Dell Technologies Inc. | 0.52 | 0.49 | 0.59 | 0.51 | 0.59 | — | |
| Super Micro Computer Inc. | 1.16 | 0.75 | 0.72 | 0.87 | 1.06 | 0.70 | |
| Quick Ratio, Sector | |||||||
| Technology Hardware & Equipment | 0.83 | 0.72 | 0.89 | 1.08 | — | — | |
| Quick Ratio, Industry | |||||||
| Information Technology | 1.12 | 1.09 | 1.30 | 1.47 | — | — | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,621 ÷ 5,434 = 0.67
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. | Western Digital Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
Western Digital Corp., cash ratio calculation, comparison to benchmarks
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 2,023) | 2,327) | 3,370) | 3,048) | 3,455) | 5,005) | |
| Total cash assets | 2,023) | 2,327) | 3,370) | 3,048) | 3,455) | 5,005) | |
| Current liabilities | 5,434) | 5,237) | 4,870) | 4,406) | 3,817) | 4,456) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.37 | 0.44 | 0.69 | 0.69 | 0.91 | 1.12 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Apple Inc. | 0.42 | 0.31 | 0.50 | 0.86 | 0.95 | — | |
| Arista Networks Inc. | 2.62 | 2.34 | 3.07 | 3.74 | 4.56 | — | |
| Cisco Systems Inc. | 0.84 | 0.75 | 0.93 | 1.16 | 1.05 | — | |
| Dell Technologies Inc. | 0.17 | 0.17 | 0.26 | 0.18 | 0.22 | — | |
| Super Micro Computer Inc. | 0.32 | 0.18 | 0.24 | 0.30 | 0.41 | 0.14 | |
| Cash Ratio, Sector | |||||||
| Technology Hardware & Equipment | 0.44 | 0.34 | 0.50 | 0.72 | — | — | |
| Cash Ratio, Industry | |||||||
| Information Technology | 0.70 | 0.66 | 0.89 | 1.07 | — | — | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,023 ÷ 5,434 = 0.37
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. | Western Digital Corp. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |