A10 Network (ATEN)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	95,129	97,244	67,971	78,925	83,281
Short-term investments	US$ in thousands	100,429	67,784	83,018	106,117	74,851
Total current liabilities	US$ in thousands	123,573	111,069	118,248	116,085	107,780
Cash ratio		1.58	1.49	1.28	1.59	1.47

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($95,129K + $100,429K) ÷ $123,573K
= 1.58

The cash ratio for A10 Network has shown a relatively stable trend over the years, fluctuating within a range between 1.28 and 1.59. This indicates that the company has a strong ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio suggests that A10 Network has a higher level of liquidity and financial flexibility to meet its immediate obligations. Overall, the consistent cash ratio above 1 signifies that A10 Network has a healthy cash position relative to its current liabilities, which is a positive indicator for the company's financial health.