Stock Analysis on Net

Dell Technologies Inc. (NYSE:DELL)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Dell Technologies Inc., liquidity ratios

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Current ratio 0.78 0.74 0.82 0.80 0.80 0.70
Quick ratio 0.41 0.44 0.52 0.49 0.59 0.51
Cash ratio 0.08 0.15 0.17 0.17 0.26 0.18

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 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. Dell Technologies Inc. current ratio deteriorated from 2023 to 2024 but then slightly improved from 2024 to 2025.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Dell Technologies Inc. quick ratio deteriorated from 2023 to 2024 and from 2024 to 2025.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Dell Technologies Inc. cash ratio deteriorated from 2023 to 2024 and from 2024 to 2025.

Current Ratio

Dell Technologies Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Current assets 36,229 35,947 42,351 45,033 43,567 36,868
Current liabilities 46,527 48,494 51,654 56,219 54,132 52,456
Liquidity Ratio
Current ratio1 0.78 0.74 0.82 0.80 0.80 0.70
Benchmarks
Current Ratio, Competitors2
Apple Inc. 0.87 0.99 0.88 1.07 1.36
Arista Networks Inc. 4.36 4.39 4.29 4.34 4.99
Cisco Systems Inc. 0.91 1.38 1.43 1.49 1.72
Super Micro Computer Inc. 3.81 2.31 1.91 1.93 2.25
Current Ratio, Sector
Technology Hardware & Equipment 0.91 1.04 0.95 1.08 1.24
Current Ratio, Industry
Information Technology 1.24 1.41 1.37 1.55 1.71

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 36,229 ÷ 46,527 = 0.78

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. Dell Technologies Inc. current ratio deteriorated from 2023 to 2024 but then slightly improved from 2024 to 2025.

Quick Ratio

Dell Technologies Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,633 7,366 8,607 9,477 14,201 9,302
Accounts receivable, net of allowance 10,298 9,343 12,482 12,912 12,788 12,484
Due from related party, net 378 131
Short-term financing receivables, net of allowance 5,304 4,643 5,281 5,089 5,155 4,895
Total quick assets 19,235 21,352 26,748 27,609 32,144 26,681
 
Current liabilities 46,527 48,494 51,654 56,219 54,132 52,456
Liquidity Ratio
Quick ratio1 0.41 0.44 0.52 0.49 0.59 0.51
Benchmarks
Quick Ratio, Competitors2
Apple Inc. 0.75 0.84 0.71 0.91 1.22
Arista Networks Inc. 3.46 3.16 3.05 3.54 4.25
Cisco Systems Inc. 0.69 1.13 1.16 1.32 1.58
Super Micro Computer Inc. 1.88 1.16 0.75 0.72 0.87
Quick Ratio, Sector
Technology Hardware & Equipment 0.72 0.83 0.72 0.89 1.08
Quick Ratio, Industry
Information Technology 0.96 1.12 1.08 1.30 1.46

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,235 ÷ 46,527 = 0.41

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. Dell Technologies Inc. quick ratio deteriorated from 2023 to 2024 and from 2024 to 2025.

Cash Ratio

Dell Technologies Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,633 7,366 8,607 9,477 14,201 9,302
Total cash assets 3,633 7,366 8,607 9,477 14,201 9,302
 
Current liabilities 46,527 48,494 51,654 56,219 54,132 52,456
Liquidity Ratio
Cash ratio1 0.08 0.15 0.17 0.17 0.26 0.18
Benchmarks
Cash Ratio, Competitors2
Apple Inc. 0.37 0.42 0.31 0.50 0.86
Arista Networks Inc. 3.04 2.62 2.34 3.07 3.74
Cisco Systems Inc. 0.44 0.84 0.75 0.93 1.16
Super Micro Computer Inc. 0.71 0.32 0.18 0.24 0.30
Cash Ratio, Sector
Technology Hardware & Equipment 0.37 0.44 0.34 0.50 0.72
Cash Ratio, Industry
Information Technology 0.57 0.71 0.66 0.89 1.06

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,633 ÷ 46,527 = 0.08

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. Dell Technologies Inc. cash ratio deteriorated from 2023 to 2024 and from 2024 to 2025.