A10 Network (ATEN)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	95,129	78,063	122,909	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
Short-term investments	US$ in thousands	100,429	108,601	61,763	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
Total current liabilities	US$ in thousands	123,573	127,038	112,860	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
Cash ratio		1.58	1.47	1.64	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

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 of A10 Network, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the past few years. As of December 31, 2019, the cash ratio was 1.33, indicating that the company had $1.33 in cash for every $1 of current liabilities.

The ratio increased to 1.64 as of September 30, 2020, which suggests an improvement in the company's liquidity position. However, the ratio then decreased to 1.04 as of September 30, 2022, indicating a potential reduction in the company's ability to meet short-term obligations solely with its cash holdings.

Subsequently, the cash ratio increased to 1.64 as of March 31, 2024, reflecting a recovery in liquidity. However, by December 31, 2024, the ratio declined to 1.58. Overall, the fluctuating trend in the cash ratio over the years indicates varying levels of liquidity and the need for management to closely monitor the company's cash position to ensure it can meet its short-term financial obligations.