Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Dell Technologies Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
| 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 Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Dell Technologies Inc. quick ratio improved from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 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 Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 not reaching Q1 2025 level. |
Current Ratio
Dell Technologies Inc., current ratio calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 38,035) | 37,543) | 34,627) | 35,947) | 36,987) | 38,999) | 37,392) | 42,351) | 38,787) | 42,262) | 41,376) | 45,033) | 57,179) | 43,555) | 42,339) | 43,567) | 38,614) | 41,090) | 40,931) | 36,868) | 34,772) | 35,316) | 33,655) | |||||||
| Current liabilities | 49,500) | 52,033) | 47,734) | 48,494) | 48,877) | 50,942) | 46,825) | 51,654) | 52,007) | 54,789) | 53,059) | 56,219) | 69,702) | 55,483) | 54,856) | 54,132) | 50,302) | 54,288) | 50,011) | 52,456) | 49,055) | 47,020) | 43,479) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 0.77 | 0.72 | 0.73 | 0.74 | 0.76 | 0.77 | 0.80 | 0.82 | 0.75 | 0.77 | 0.78 | 0.80 | 0.82 | 0.79 | 0.77 | 0.80 | 0.77 | 0.76 | 0.82 | 0.70 | 0.71 | 0.75 | 0.77 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 0.92 | 0.87 | 0.95 | 1.04 | 1.07 | 0.99 | 0.98 | 0.94 | 0.94 | 0.88 | 0.86 | 0.93 | 1.04 | 1.07 | 1.06 | 1.14 | 1.16 | 1.36 | 1.47 | 1.50 | 1.60 | |||||||
| Arista Networks Inc. | — | — | — | — | 4.47 | 4.55 | 5.01 | 4.39 | 4.15 | 4.14 | 3.96 | 4.29 | 4.01 | 3.70 | 3.73 | 4.34 | 5.06 | 5.03 | 5.09 | 4.99 | 5.50 | 5.59 | 5.82 | |||||||
| Cisco Systems Inc. | — | — | 0.88 | 0.91 | 0.89 | 1.37 | 1.47 | 1.38 | 1.39 | 1.41 | 1.45 | 1.43 | 1.49 | 1.42 | 1.62 | 1.49 | 1.53 | 1.61 | 1.59 | 1.72 | 1.59 | 1.81 | 1.70 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 4.69 | 2.43 | 2.23 | 2.31 | 2.49 | 2.89 | 2.13 | 1.91 | 1.79 | 1.91 | 1.85 | 1.93 | 2.10 | 2.29 | 2.51 | 2.25 | 2.10 | 2.26 | 2.41 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 38,035 ÷ 49,500 = 0.77
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 Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
Quick Ratio
Dell Technologies Inc., quick ratio calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 5,225) | 4,550) | 5,830) | 7,366) | 8,298) | 8,364) | 7,631) | 8,607) | 4,909) | 5,507) | 6,654) | 9,477) | 22,406) | 11,719) | 14,244) | 14,201) | 11,304) | 11,221) | 12,229) | 9,302) | 8,555) | 9,193) | 9,040) | |||||||
| Accounts receivable, net of allowance | 11,189) | 11,391) | 8,563) | 9,343) | 9,720) | 10,351) | 9,399) | 12,482) | 11,431) | 13,431) | 11,837) | 12,912) | 14,177) | 12,914) | 10,909) | 12,788) | 11,377) | 11,643) | 10,797) | 12,484) | 11,447) | 11,586) | 10,517) | |||||||
| Due from related party, net | —) | —) | —) | —) | 386) | 404) | 384) | 378) | 203) | 195) | 131) | 131) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Short-term financing receivables, net of allowance | 5,001) | 4,968) | 4,660) | 4,643) | 4,540) | 4,807) | 5,013) | 5,281) | 4,915) | 4,860) | 4,796) | 5,089) | 4,970) | 4,955) | 4,980) | 5,155) | 4,872) | 4,855) | 4,752) | 4,895) | 4,589) | 4,473) | 4,277) | |||||||
| Total quick assets | 21,415) | 20,909) | 19,053) | 21,352) | 22,944) | 23,926) | 22,427) | 26,748) | 21,458) | 23,993) | 23,418) | 27,609) | 41,553) | 29,588) | 30,133) | 32,144) | 27,553) | 27,719) | 27,778) | 26,681) | 24,591) | 25,252) | 23,834) | |||||||
| Current liabilities | 49,500) | 52,033) | 47,734) | 48,494) | 48,877) | 50,942) | 46,825) | 51,654) | 52,007) | 54,789) | 53,059) | 56,219) | 69,702) | 55,483) | 54,856) | 54,132) | 50,302) | 54,288) | 50,011) | 52,456) | 49,055) | 47,020) | 43,479) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 0.43 | 0.40 | 0.40 | 0.44 | 0.47 | 0.47 | 0.48 | 0.52 | 0.41 | 0.44 | 0.44 | 0.49 | 0.60 | 0.53 | 0.55 | 0.59 | 0.55 | 0.51 | 0.56 | 0.51 | 0.50 | 0.54 | 0.55 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 0.78 | 0.75 | 0.80 | 0.87 | 0.92 | 0.84 | 0.81 | 0.76 | 0.77 | 0.71 | 0.70 | 0.76 | 0.88 | 0.91 | 0.89 | 0.97 | 1.02 | 1.22 | 1.31 | 1.30 | 1.44 | |||||||
| Arista Networks Inc. | — | — | — | — | 3.52 | 3.47 | 3.67 | 3.16 | 2.86 | 2.73 | 2.65 | 3.05 | 2.89 | 2.73 | 2.97 | 3.54 | 4.23 | 4.24 | 4.33 | 4.25 | 4.73 | 4.94 | 5.22 | |||||||
| Cisco Systems Inc. | — | — | 0.65 | 0.69 | 0.68 | 1.10 | 1.18 | 1.13 | 1.11 | 1.13 | 1.16 | 1.16 | 1.23 | 1.20 | 1.41 | 1.32 | 1.35 | 1.46 | 1.45 | 1.58 | 1.46 | 1.64 | 1.54 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 2.19 | 1.12 | 0.87 | 1.16 | 0.95 | 1.17 | 0.72 | 0.75 | 0.62 | 0.62 | 0.66 | 0.72 | 0.75 | 0.95 | 1.06 | 0.87 | 0.81 | 1.00 | 1.01 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 21,415 ÷ 49,500 = 0.43
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 improved from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Cash Ratio
Dell Technologies Inc., cash ratio calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 5,225) | 4,550) | 5,830) | 7,366) | 8,298) | 8,364) | 7,631) | 8,607) | 4,909) | 5,507) | 6,654) | 9,477) | 22,406) | 11,719) | 14,244) | 14,201) | 11,304) | 11,221) | 12,229) | 9,302) | 8,555) | 9,193) | 9,040) | |||||||
| Total cash assets | 5,225) | 4,550) | 5,830) | 7,366) | 8,298) | 8,364) | 7,631) | 8,607) | 4,909) | 5,507) | 6,654) | 9,477) | 22,406) | 11,719) | 14,244) | 14,201) | 11,304) | 11,221) | 12,229) | 9,302) | 8,555) | 9,193) | 9,040) | |||||||
| Current liabilities | 49,500) | 52,033) | 47,734) | 48,494) | 48,877) | 50,942) | 46,825) | 51,654) | 52,007) | 54,789) | 53,059) | 56,219) | 69,702) | 55,483) | 54,856) | 54,132) | 50,302) | 54,288) | 50,011) | 52,456) | 49,055) | 47,020) | 43,479) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 0.11 | 0.09 | 0.12 | 0.15 | 0.17 | 0.16 | 0.16 | 0.17 | 0.09 | 0.10 | 0.13 | 0.17 | 0.32 | 0.21 | 0.26 | 0.26 | 0.22 | 0.21 | 0.24 | 0.18 | 0.17 | 0.20 | 0.21 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 0.37 | 0.37 | 0.47 | 0.54 | 0.55 | 0.42 | 0.50 | 0.47 | 0.37 | 0.31 | 0.37 | 0.40 | 0.43 | 0.50 | 0.57 | 0.66 | 0.58 | 0.86 | 0.98 | 0.98 | 1.05 | |||||||
| Arista Networks Inc. | — | — | — | — | 3.05 | 2.90 | 3.06 | 2.62 | 2.41 | 2.26 | 2.10 | 2.34 | 2.37 | 2.27 | 2.50 | 3.07 | 3.79 | 3.82 | 3.85 | 3.74 | 4.28 | 4.35 | 4.60 | |||||||
| Cisco Systems Inc. | — | — | 0.46 | 0.44 | 0.47 | 0.83 | 0.87 | 0.84 | 0.81 | 0.81 | 0.79 | 0.75 | 0.83 | 0.81 | 1.00 | 0.93 | 0.97 | 1.12 | 1.11 | 1.16 | 1.10 | 1.23 | 1.14 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 1.23 | 0.36 | 0.34 | 0.32 | 0.33 | 0.33 | 0.18 | 0.18 | 0.17 | 0.21 | 0.25 | 0.24 | 0.23 | 0.47 | 0.51 | 0.30 | 0.38 | 0.46 | 0.41 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,225 ÷ 49,500 = 0.11
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 Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 not reaching Q1 2025 level. |