A10 Network (ATEN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	271,824	256,991	284,019	242,303	220,939
Total current liabilities	US$ in thousands	111,069	118,248	116,085	107,780	97,581
Current ratio		2.45	2.17	2.45	2.25	2.26

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $271,824K ÷ $111,069K
= 2.45

The current ratio of A10 Networks Inc has shown some variability in recent years, ranging from 2.17 to 2.45. A higher current ratio indicates stronger short-term liquidity and the ability of the company to cover its current liabilities with its current assets. In 2023, the current ratio improved to 2.45 from the previous year, suggesting the company is in a better position to meet its short-term obligations. However, it is important to note that the current ratio should be analyzed in conjunction with other financial ratios and factors to gain a comprehensive understanding of the company's overall financial health.