Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
ServiceNow Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | ServiceNow Inc. current ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | ServiceNow Inc. quick ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | ServiceNow Inc. cash ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Current Ratio
ServiceNow Inc., current ratio calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 7,696) | 8,021) | 7,372) | 7,777) | 6,046) | 6,603) | 6,734) | 6,654) | 5,476) | 5,332) | 5,442) | 5,220) | 4,288) | 4,225) | 4,524) | 4,522) | 3,967) | 3,337) | 2,806) | 2,827) | 2,297) | 2,442) | 2,374) | |||||||
| Current liabilities | 6,786) | 7,172) | 7,033) | 7,365) | 5,601) | 5,767) | 5,761) | 6,005) | 4,432) | 4,743) | 4,852) | 4,949) | 3,792) | 3,908) | 3,664) | 3,737) | 2,836) | 2,849) | 2,721) | 2,753) | 2,193) | 2,225) | 2,098) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 1.16 | 1.26 | 1.33 | 1.30 | 1.37 | 1.29 | 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 | |||||||
| Adobe Inc. | 1.11 | 1.16 | 1.05 | 1.34 | 1.25 | 1.16 | 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 | |||||||
| Autodesk Inc. | 0.75 | 0.73 | 0.72 | 0.84 | 0.73 | 0.64 | 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. | 2.45 | 1.43 | 1.32 | 1.24 | 1.44 | 1.37 | 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. | 1.74 | 1.82 | 1.78 | 1.73 | 1.76 | 1.80 | 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. | 1.06 | 1.12 | 1.13 | 0.96 | 0.91 | 1.06 | 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. | 1.50 | 1.17 | 1.25 | 1.47 | 1.51 | 1.23 | 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. | 1.24 | 1.22 | 1.66 | 1.77 | 1.91 | 1.93 | 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. | 0.85 | 0.79 | 0.87 | 0.91 | 0.82 | 0.65 | 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. | 0.84 | 0.83 | 0.86 | 0.78 | 0.74 | 0.64 | 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. | 1.04 | 1.02 | 1.02 | 1.02 | 1.05 | 1.06 | 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 | |||||||
| Synopsys Inc. | 2.02 | 1.86 | 1.29 | 1.15 | 1.20 | 1.15 | 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 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,696 ÷ 6,786 = 1.13
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. | ServiceNow Inc. current ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Quick Ratio
ServiceNow Inc., quick ratio calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,885) | 2,159) | 2,056) | 1,897) | 1,112) | 1,663) | 1,852) | 1,470) | 1,248) | 1,664) | 2,252) | 1,728) | 1,400) | 1,362) | 1,821) | 1,677) | 1,348) | 837) | 809) | 776) | 623) | 584) | 640) | |||||||
| Short-term investments | 3,410) | 3,254) | 3,054) | 2,980) | 2,955) | 3,084) | 3,062) | 2,810) | 2,708) | 2,170) | 1,762) | 1,576) | 1,631) | 1,622) | 1,635) | 1,415) | 1,603) | 1,505) | 1,050) | 915) | 848) | 1,070) | 1,022) | |||||||
| Accounts receivable, net | 1,308) | 1,518) | 1,306) | 2,036) | 1,168) | 1,093) | 1,109) | 1,725) | 898) | 853) | 824) | 1,390) | 776) | 781) | 645) | 1,009) | 631) | 632) | 615) | 835) | 539) | 503) | 423) | |||||||
| Current portion of deferred commissions | 502) | 482) | 474) | 461) | 417) | 401) | 392) | 369) | 330) | 323) | 322) | 303) | 268) | 255) | 241) | 229) | 203) | 192) | 183) | 175) | 158) | 152) | 145) | |||||||
| Total quick assets | 7,105) | 7,413) | 6,890) | 7,374) | 5,652) | 6,241) | 6,415) | 6,374) | 5,184) | 5,010) | 5,160) | 4,997) | 4,075) | 4,020) | 4,342) | 4,330) | 3,785) | 3,167) | 2,657) | 2,701) | 2,169) | 2,309) | 2,229) | |||||||
| Current liabilities | 6,786) | 7,172) | 7,033) | 7,365) | 5,601) | 5,767) | 5,761) | 6,005) | 4,432) | 4,743) | 4,852) | 4,949) | 3,792) | 3,908) | 3,664) | 3,737) | 2,836) | 2,849) | 2,721) | 2,753) | 2,193) | 2,225) | 2,098) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 1.05 | 1.03 | 0.98 | 1.00 | 1.01 | 1.08 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 1.03 | 1.13 | 1.18 | 1.18 | 1.24 | 1.15 | 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 | |||||||
| Adobe Inc. | 0.97 | 1.02 | 0.93 | 1.22 | 1.12 | 1.03 | 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 | |||||||
| Autodesk Inc. | 0.65 | 0.64 | 0.63 | 0.76 | 0.64 | 0.54 | 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. | 2.00 | 1.06 | 0.96 | 0.94 | 1.10 | 1.10 | 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. | 1.59 | 1.66 | 1.63 | 1.58 | 1.62 | 1.66 | 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. | 0.88 | 0.93 | 0.96 | 0.80 | 0.73 | 0.87 | 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. | 1.00 | 0.55 | 0.66 | 1.25 | 1.29 | 1.02 | 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. | 1.05 | 1.02 | 1.45 | 1.54 | 1.66 | 1.66 | 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. | 0.69 | 0.63 | 0.73 | 0.74 | 0.65 | 0.50 | 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. | 0.78 | 0.78 | 0.81 | 0.72 | 0.66 | 0.58 | 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. | 0.86 | 0.86 | 0.86 | 0.90 | 0.89 | 0.91 | 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 | |||||||
| Synopsys Inc. | 1.10 | 0.99 | 0.88 | 0.85 | 0.92 | 0.90 | 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 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,105 ÷ 6,786 = 1.05
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. | ServiceNow Inc. quick ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Cash Ratio
ServiceNow Inc., cash ratio calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,885) | 2,159) | 2,056) | 1,897) | 1,112) | 1,663) | 1,852) | 1,470) | 1,248) | 1,664) | 2,252) | 1,728) | 1,400) | 1,362) | 1,821) | 1,677) | 1,348) | 837) | 809) | 776) | 623) | 584) | 640) | |||||||
| Short-term investments | 3,410) | 3,254) | 3,054) | 2,980) | 2,955) | 3,084) | 3,062) | 2,810) | 2,708) | 2,170) | 1,762) | 1,576) | 1,631) | 1,622) | 1,635) | 1,415) | 1,603) | 1,505) | 1,050) | 915) | 848) | 1,070) | 1,022) | |||||||
| Total cash assets | 5,295) | 5,413) | 5,110) | 4,877) | 4,067) | 4,747) | 4,914) | 4,280) | 3,956) | 3,834) | 4,014) | 3,304) | 3,031) | 2,984) | 3,456) | 3,092) | 2,952) | 2,343) | 1,859) | 1,691) | 1,471) | 1,653) | 1,662) | |||||||
| Current liabilities | 6,786) | 7,172) | 7,033) | 7,365) | 5,601) | 5,767) | 5,761) | 6,005) | 4,432) | 4,743) | 4,852) | 4,949) | 3,792) | 3,908) | 3,664) | 3,737) | 2,836) | 2,849) | 2,721) | 2,753) | 2,193) | 2,225) | 2,098) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 0.78 | 0.75 | 0.73 | 0.66 | 0.73 | 0.82 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 0.30 | 0.32 | 0.41 | 0.50 | 0.50 | 0.38 | 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 | |||||||
| Adobe Inc. | 0.78 | 0.85 | 0.72 | 0.95 | 0.90 | 0.82 | 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 | |||||||
| Autodesk Inc. | 0.50 | 0.53 | 0.54 | 0.52 | 0.47 | 0.42 | 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. | 1.66 | 0.69 | 0.69 | 0.63 | 0.76 | 0.73 | 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. | 1.35 | 1.42 | 1.41 | 1.28 | 1.36 | 1.41 | 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. | 0.48 | 0.54 | 0.60 | 0.39 | 0.36 | 0.50 | 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. | 0.76 | 0.24 | 0.45 | 0.97 | 0.97 | 0.54 | 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. | 0.68 | 0.67 | 1.15 | 1.07 | 1.22 | 1.22 | 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. | 0.40 | 0.36 | 0.48 | 0.44 | 0.38 | 0.27 | 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. | 0.41 | 0.43 | 0.52 | 0.31 | 0.46 | 0.39 | 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. | 0.61 | 0.60 | 0.65 | 0.48 | 0.65 | 0.67 | 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 | |||||||
| Synopsys Inc. | 0.79 | 0.66 | 0.48 | 0.53 | 0.67 | 0.62 | 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 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).
1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,295 ÷ 6,786 = 0.78
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. | ServiceNow Inc. cash ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |