A10 Network (ATEN)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	97,244	67,971	78,925	83,281	45,742
Short-term investments	US$ in thousands	67,784	83,018	106,117	74,851	84,180
Receivables	US$ in thousands	74,307	72,928	61,795	51,051	53,566
Total current liabilities	US$ in thousands	111,069	118,248	116,085	107,780	97,581
Quick ratio		2.15	1.89	2.13	1.94	1.88

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($97,244K + $67,784K + $74,307K) ÷ $111,069K
= 2.15

The quick ratio of A10 Networks Inc has shown steady improvement over the past five years, indicating the company's ability to meet its short-term obligations using its most liquid assets. The ratio has ranged from 2.01 to 2.25 during this period, with the latest value standing at 2.24 as of December 31, 2023. This suggests that for every dollar of current liabilities, the company has $2.24 of quick assets available for immediate use, providing a healthy buffer to cover short-term obligations. This trend reflects a strong liquidity position for A10 Networks Inc, enhancing its ability to manage financial obligations efficiently without relying heavily on inventory or slow-moving assets.