Arista Networks (ANET)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,390,240 | 5,550,750 | 4,812,680 | 3,837,000 | 3,471,640 |
| Total current liabilities | US$ in thousands | 1,909,610 | 1,293,530 | 1,109,830 | 768,243 | 597,074 |
| Current ratio | 4.39 | 4.29 | 4.34 | 4.99 | 5.81 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,390,240K ÷ $1,909,610K
= 4.39
The current ratio of Arista Networks Inc has shown a consistent trend of maintaining a healthy liquidity position over the past five years. The company's current ratio has ranged between 4.29 and 5.81 during this period, indicating its strong ability to meet its short-term obligations using its current assets.
Based on the data provided:
- The current ratio was 4.39 as of December 31, 2023, showing a slight increase compared to the previous year.
- In the years 2020 and 2019, the current ratio was relatively higher, at 4.99 and 5.81 respectively, suggesting a stronger liquidity position during those periods.
Overall, Arista Networks Inc's current ratio indicates a solid financial position with ample current assets to cover its current liabilities. This implies that the company is well-positioned to meet its short-term financial obligations and indicates a lower liquidity risk in the near term.
Peer comparison
Dec 31, 2023