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Nutanix Current Ratio

: 1.72 (As of Oct. 2021)
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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. Nutanix's current ratio for the quarter that ended in Oct. 2021 was 1.72.

Nutanix has a current ratio of 1.72. It generally indicates good short-term financial strength.

The historical rank and industry rank for Nutanix's Current Ratio or its related term are showing as below:

NAS:NTNX' s Current Ratio Range Over the Past 10 Years
Min: 1.44   Med: 1.87   Max: 3.1
Current: 1.72

1.44
3.1

During the past 9 years, Nutanix's highest Current Ratio was 3.10. The lowest was 1.44. And the median was 1.87.

NAS:NTNX's Current Ratio is ranked lower than
59% of the 2583 Companies
in the Software industry.

( Industry Median: 2.04 vs. NAS:NTNX: 1.72 )

Nutanix Current Ratio Historical Data

The historical data trend for Nutanix'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.

* Premium members only.

Nutanix Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.86 2.76 2.13 1.44 1.68

Nutanix Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.10 1.90 1.82 1.68 1.72

Competitive Comparison

For the Software - Infrastructure subindustry, Nutanix'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.

   

Nutanix Current Ratio Distribution

For the Software industry and Technology sector, Nutanix's Current Ratio distribution charts can be found below:

* The bar in red indicates where Nutanix's Current Ratio falls into.



Nutanix Current Ratio Calculation

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.

Nutanix's Current Ratio for the fiscal year that ended in Jul. 2021

Current Ratio (A: Jul. 2021 )=Total Current Assets (A: Jul. 2021 )/Total Current Liabilities (A: Jul. 2021 )
=1562.261/927.888
=1.68

Nutanix's Current Ratio for the quarter that ended in Oct. 2021 is calculated as

Current Ratio (Q: Oct. 2021 )=Total Current Assets (Q: Oct. 2021 )/Total Current Liabilities (Q: Oct. 2021 )
=1552.395/904.787
=1.72

* 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.


Nutanix  (NAS:NTNX) 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.


Nutanix Current Ratio Related Terms

Thank you for viewing the detailed overview of Nutanix's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nutanix Business Description

Nutanix logo
Industry
Technology » Software NAICS : 334614 SIC : 7379
Traded in Other Exchanges
Address
1740 Technology Drive, Suite 150, San Jose, CA, USA, 95110
Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization and storage into a resilient, and software-defined solution. It generates most of its revenues through license fees and supports services. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.
Executives
Pandey Dheeraj director, 10 percent owner, officer: CEO and Chairman C/O NUTANIX INC 1740 TECHNOLOGY DRIVE SAN JOSE CA 95110
Boynton Aaron officer: Chief Accounting Officer C/O NUTANIX, INC. 1740 TECHNOLOGY AVE., SUITE 150 SAN JOSE CA 95110
Sangster David officer: Chief Operating Officer C/O NUTANIX INC 1740 TECHNOLOGY DRIVE SUITE 150 SAN JOSE CA 95110
Wall Tyler officer: Chief Legal Officer CHORDIANT SOFTWARE, INC. 20400 STEVENS CREEK BLVD., STE. 400 CUPERTINO CA 94014
Williams Duston officer: Chief Financial Officer C/O NUTANIX, INC. 1740 TECHNOLOGY DRIVE, SUITE 150 SAN JOSE CA 95110
De Groen Max Pieter director 200 CLARENDON STREET BOSTON MA 02116
Humphrey David director C/O BAIN CAPITAL PARTNERS, LLC JOHN HANCOCK TOWER, 200 CLARENDON STREET BOSTON MA 02116
Mhatre Ravi director 2200 SAND HILL ROAD MENLO PARK CA 94025
Bostrom Susan L director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BOSTROM SUSAN L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Gambale Virginia director C/O JETBLUE AIRWAYS CORP. 27-01 QUEENS PLAZA NORTH LONG ISLAND CITY NY 11101
Abbasi Sohaib director 100 EAST DAVIE STREET RALEIGH NC 27601
Parks Jeffrey T director C/O RIVERWOOD CAPITAL MANAGEMENT 70 WILLOW ROAD STE 100 MENLO PARK CA 94025
Scarpelli Michael director 450 CONCAR DRIVE 450 CONCAR DRIVE SAN MATEO CA 94402
Stevens Brian Mark director 25 HOOPER HILL RD. NEW BOSTON NH 03070
Conway Craig director SALESFORCE TOWER 415 MISSION STREET, 3RD FLOOR SAN FRANCISCO CA 94105

Nutanix Headlines

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