A10 Network (ATEN)

Cash 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 and cash equivalents	US$ in thousands	97,244	104,152	111,181	68,519	67,971	32,131	84,242	67,758	78,925	85,637	67,949	75,696	83,281	83,069	65,846	65,633	45,742	36,067	36,818	33,967
Short-term investments	US$ in thousands	67,784	64,889	42,730	76,022	83,018	95,642	82,551	96,945	106,117	101,820	98,860	85,261	74,851	76,041	77,544	77,273	84,180	86,525	82,478	88,784
Total current liabilities	US$ in thousands	111,069	111,331	107,078	103,045	118,248	122,279	122,459	109,332	116,085	103,224	103,342	99,018	107,780	96,777	96,258	90,898	97,581	85,826	88,529	96,100
Cash ratio		1.49	1.52	1.44	1.40	1.28	1.04	1.36	1.51	1.59	1.82	1.61	1.63	1.47	1.64	1.49	1.57	1.33	1.43	1.35	1.28

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 measures the ability of a company to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet its obligations.

For A10 Networks Inc, the cash ratio has shown fluctuations over the past eight quarters. In Q4 2023, the cash ratio was at 1.57, which was slightly lower than the previous quarter but still reflective of a healthy liquidity position. The trend in the cash ratio from Q1 2022 to Q4 2023 shows some variability, with the ratio peaking at 1.67 in Q1 2022 and hitting a low of 1.17 in Q3 2022.

Overall, A10 Networks Inc has generally maintained a cash ratio above 1.0 over the period, indicating that the company has sufficient cash reserves to cover its short-term obligations. This suggests a strong liquidity position, which may be favorable for investors and creditors. However, it is essential to monitor any significant deviations in the cash ratio to ensure the company's ability to meet its financial obligations remains stable in the long term.