A10 Network (ATEN)

Current 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
Total current assets	US$ in thousands	307,288	283,837	276,098	271,824	264,631	256,465	244,993	256,991	237,585	271,665	252,233	284,019	267,320	250,635	244,975	242,303	235,322	222,786	219,050	220,939
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
Current ratio		2.49	2.23	2.45	2.45	2.38	2.40	2.38	2.17	1.94	2.22	2.31	2.45	2.59	2.43	2.47	2.25	2.43	2.31	2.41	2.26

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $307,288K ÷ $123,573K
= 2.49

The current ratio of A10 Network has shown a fluctuating trend over the past few years. It stood at 2.26 on December 31, 2019, and gradually increased to 2.59 by September 30, 2021. This indicates that the company had more than twice the current assets to cover its current liabilities during this period.

However, from December 31, 2021, to September 30, 2022, there was a notable decline in the current ratio, reaching its lowest point of 1.94. This suggests that the company may have faced challenges in meeting its short-term obligations with its current assets during this period.

Subsequently, the current ratio improved and fluctuated within a range between 2.17 and 2.49 until December 31, 2024. Overall, a current ratio above 1 is generally seen as a positive sign, indicating that A10 Network has had more current assets than current liabilities to meet its obligations throughout the period under review. However, the company should closely monitor and manage its liquidity position to ensure it can comfortably meet its short-term financial commitments in the future.