Current Ratio

The current ratio of 1.59x measures Elastic’s ability to cover short-term obligations with short-term assets; a ratio above 1.0x indicates more assets than liabilities due within a year.

Elastic’s 1.59x sits below the sector median of 1.95x, placing it in the 37th percentile among technology peers. No trend data is available: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and historical values for the last eight quarters are also N/A. Because the ratio is below the sector median and trend information is absent, there is no basis to assess improvement or deterioration, leaving liquidity risk unclear relative to peers. This neutral level (neither dangerously low nor exceptionally high) combined with the lack of trend data neither adds risk nor reveals a clear opportunity. The metric does not contradict the overall NEUTRAL verdict — it aligns with a stance that requires more information before taking a positive or negative view.

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