A10 Network (ATEN)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	95,129	97,244	67,971	78,925	83,281
Short-term investments	US$ in thousands	100,429	67,784	83,018	106,117	74,851
Receivables	US$ in thousands	76,687	74,307	72,928	61,795	51,051
Total current liabilities	US$ in thousands	123,573	111,069	118,248	116,085	107,780
Quick ratio		2.20	2.15	1.89	2.13	1.94

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($95,129K + $100,429K + $76,687K) ÷ $123,573K
= 2.20

The quick ratio of A10 Network shows a positive trend over the years, increasing from 1.94 in December 31, 2020, to 2.20 in December 31, 2024. This indicates that the company has a strong ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 suggests that A10 Network has an appropriate level of liquid assets to cover its current liabilities, providing a buffer for any unexpected changes in the business environment. Overall, the increasing trend in the quick ratio reflects a healthy liquidity position for A10 Network, which can help support its financial stability and operational flexibility in the upcoming periods.