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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Elastic NV's current ratio for the quarter that ended in Jan. 2024 was 1.87.
Elastic NV has a current ratio of 1.87. It generally indicates good short-term financial strength.
The historical rank and industry rank for Elastic NV's Current Ratio or its related term are showing as below:
During the past 7 years, Elastic NV's highest Current Ratio was 2.71. The lowest was 0.96. And the median was 1.89.
The historical data trend for Elastic NV's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elastic NV Annual Data | ||||||||||||||||
Trend | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||
Current Ratio | Get a 7-Day Free Trial | 2.11 | 1.44 | 1.42 | 1.96 | 1.78 |
Elastic NV Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Current Ratio | Get a 7-Day Free Trial | 1.89 | 1.78 | 1.85 | 1.89 | 1.87 |
For the Software - Application subindustry, Elastic NV's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Elastic NV's Current Ratio distribution charts can be found below:
* The bar in red indicates where Elastic NV's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Elastic NV's Current Ratio for the fiscal year that ended in Apr. 2023 is calculated as
Current Ratio (A: Apr. 2023 ) | = | Total Current Assets (A: Apr. 2023 ) | / | Total Current Liabilities (A: Apr. 2023 ) |
= | 1274.28 | / | 716.619 | |
= | 1.78 |
Elastic NV's Current Ratio for the quarter that ended in Jan. 2024 is calculated as
Current Ratio (Q: Jan. 2024 ) | = | Total Current Assets (Q: Jan. 2024 ) | / | Total Current Liabilities (Q: Jan. 2024 ) |
= | 1362.123 | / | 728.272 | |
= | 1.87 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elastic NV (NYSE:ESTC) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Elastic NV's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison Gleeson | director | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Shelley B Leibowitz | director | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Carolyn Herzog | officer: Chief Legal Officer | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Ken Exner | officer: Chief Product Officer | C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Ashutosh Kulkarni | officer: Chief Executive Officer | 6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Shay Banon | director, 10 percent owner, officer: CEO and Chairman | C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
Janesh Moorjani | officer: Chief Financial Officer | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Chetan Puttagunta | director | 2855 SAND HILL ROAD, MENLO PARK CA 94025 |
Auvil Paul R. Iii | director | C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089 |
Sohaib Abbasi | director | 100 EAST DAVIE STREET, RALEIGH NC 27601 |
Jonathan Chadwick | director | 3401 HILLVIEW AVENUE, PALO ALTO CA 94304 |
Garrett W.h. Baird | officer: SVP and General Counsel | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
Peter H Fenton | director, 10 percent owner | 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Paul Andrew Appleby | officer: President, Worldwide Field Ops | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Steven Schuurman | director, 10 percent owner | C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
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