ASANCAUTIOUS

ASAN Quick Ratio Analysis

1.04x

Higher than 37% of Technology sector peers

Updated 1220h ago·SEC filings & market data

Key Takeaway

The quick ratio measures a company's ability to pay short-term liabilities using its most liquid assets, such as cash and receivables, excluding inventory.

Sector Performance

37th percentile

ASAN

1.04x

Sector Median

1.24x

Sector Avg

12.61x

Prior Period

1.09x(May 2026)

↓ Declining

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Deep Analysis

The quick ratio measures a company's ability to pay short-term liabilities using its most liquid assets, such as cash and receivables, excluding inventory.

At 1.04x, Asana has just over $1.04 in liquid assets for every $1 of current debt, indicating a thin liquidity cushion. Among technology sector peers, this is well below the median of 1.61x, placing Asana in the 25th percentile. No trend data is available because the year-over-year change, quarter-over-quarter change, and last eight quarters are all marked as N/A. Without a trend direction, investors cannot assess whether this low relative liquidity is improving or deteriorating. The combination of a weak ratio versus peers and an absent trend signals an elevated short-term risk, but the lack of history prevents a clear judgment. This metric contradicts the overall NEUTRAL verdict by highlighting a below-average liquidity position that could warrant caution.

Frequently Asked Questions

What does the Quick Ratio tell investors about ASAN?

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.

How is the Quick Ratio calculated?

Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.

How does ASAN's Quick Ratio compare to its sector?

ASAN's Quick Ratio of 1.04x compares to a Technology sector median of 1.24x, placing it in the 37th percentile.

Who are ASAN's closest peers by Quick Ratio?

The closest Technology peers by Quick Ratio include: CRWD (1.33x), TTD (1.45x), QCOM (1.00x), BOX (0.80x), SONY (0.80x).

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Learn More About Quick Ratio

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Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

(Cash + Receivables) / Current Liabilities

Why It Matters

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.