A10 Network (ATEN)

Current 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
Total current assets	US$ in thousands	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	203,579	201,815	205,618
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
Current ratio		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	2.37	2.28	2.14

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 a consistent increasing trend over the past eight quarters. The ratio has improved steadily from 2.17 in Q4 2022 to 2.45 in Q4 2023, indicating that the company's short-term liquidity position has strengthened over time.

A current ratio above 2 typically suggests that the company has more than enough current assets to cover its short-term liabilities. A ratio of 2.45 in Q4 2023 indicates that A10 Networks Inc had $2.45 in current assets for every $1 in current liabilities during that quarter.

The company's current ratio has generally been above 2 in recent quarters, signifying a healthy liquidity position. This trend may indicate efficient management of working capital, effective cash flow management, or prudent financial planning by the company.

Overall, the improving current ratio of A10 Networks Inc reflects positively on its ability to meet its short-term obligations and suggests a strong financial position in terms of liquidity.