Arista Networks (ANET)

Quick ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	1,938,610	1,748,820	1,261,840	956,341	671,707	716,253	493,246	635,025	620,813	630,982	893,688	843,336	893,219	970,349	800,182	761,333	1,111,290	1,095,260	944,414	809,491
Short-term investments	US$ in thousands	3,069,360	2,706,780	2,479,290	2,374,790	2,352,020	2,263,820	2,408,660	2,788,890	2,787,500	2,755,500	2,388,020	2,184,330	1,979,650	1,875,550	1,981,590	1,875,660	1,613,080	1,351,780	1,313,390	1,341,430
Receivables	US$ in thousands	1,024,570	833,374	779,726	862,875	923,096	651,512	585,786	648,606	516,509	395,590	364,214	380,466	389,540	300,217	383,225	352,159	391,987	447,252	343,080	271,246
Total current liabilities	US$ in thousands	1,909,610	1,846,720	1,655,790	1,584,910	1,293,530	1,254,910	1,278,030	1,369,000	1,109,830	893,387	859,935	786,532	768,243	664,783	640,181	573,007	597,074	548,189	525,020	543,193
Quick ratio		3.16	2.86	2.73	2.65	3.05	2.89	2.73	2.97	3.54	4.23	4.24	4.33	4.25	4.73	4.94	5.22	5.22	5.28	4.95	4.46

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,938,610K + $3,069,360K + $1,024,570K) ÷ $1,909,610K
= 3.16

The quick ratio of Arista Networks Inc over the past 8 quarters has shown a generally stable and healthy trend, reflecting the company's strong ability to meet its short-term obligations with its most liquid assets. The ratio has consistently remained above 1, indicating that the company has an ample amount of liquid assets, such as cash and marketable securities, to cover its current liabilities.

Notably, the quick ratio has ranged from 2.89 to 3.38 during this period, with the highest value observed in Q4 2023. This indicates that Arista Networks Inc has improved its liquidity position in the most recent quarter, which is a positive sign for investors and creditors. Overall, the company's quick ratio suggests a solid financial health and ability to weather short-term financial challenges.