A10 Network (ATEN)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	97,244	67,971	78,925	83,281	45,742
Short-term investments	US$ in thousands	67,784	83,018	106,117	74,851	84,180
Total current liabilities	US$ in thousands	111,069	118,248	116,085	107,780	97,581
Cash ratio		1.49	1.28	1.59	1.47	1.33

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($97,244K + $67,784K) ÷ $111,069K
= 1.49

The cash ratio of A10 Networks Inc has shown some fluctuations over the past five years, ranging from 1.39 in 2019 to 1.72 in 2021. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.

In the latest year, the cash ratio stood at 1.57, which indicates that A10 Networks Inc had $1.57 in cash and cash equivalents for every dollar of current liabilities. This suggests that the company has a relatively healthy cash position to cover its immediate financial obligations. However, it is essential to analyze other liquidity ratios alongside the cash ratio to get a more comprehensive view of the company's liquidity position.

Overall, the trend in A10 Networks Inc's cash ratio over the past five years suggests that the company has maintained a solid liquidity position, with fluctuations reflecting changes in its cash and cash equivalents relative to its short-term liabilities. Investors and stakeholders should continue to monitor the company's liquidity ratios to assess its ability to meet financial obligations in the future.