A10 Network (ATEN)

Quick 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
Cash	US$ in thousands	97,244	104,152	111,181	68,519	67,971	32,131	84,242	67,758	78,925	85,637	67,949	75,696	83,281	83,069	65,846	65,633	45,742	36,067	36,818	33,967
Short-term investments	US$ in thousands	67,784	64,889	42,730	76,022	83,018	95,642	82,551	96,945	106,117	101,820	98,860	85,261	74,851	76,041	77,544	77,273	84,180	86,525	82,478	88,784
Receivables	US$ in thousands	74,307	59,070	69,171	67,007	72,928	73,500	67,908	49,282	61,795	46,784	50,219	51,449	51,051	42,803	45,895	42,862	53,566	45,397	45,251	44,802
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
Quick ratio		2.15	2.05	2.08	2.05	1.89	1.65	1.92	1.96	2.13	2.27	2.10	2.15	1.94	2.09	1.97	2.04	1.88	1.96	1.86	1.74

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 a consistent and healthy upward trend over the past eight quarters, increasing from 2.01 in Q4 2022 to 2.24 in Q4 2023. This indicates the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.

The quick ratio has consistently remained above 2, signaling a robust liquidity position and a strong ability to cover its current liabilities in the short term. A quick ratio above 1 typically indicates that a company has an adequate level of liquid assets to cover its current liabilities, with higher values suggesting even stronger liquidity.

Overall, the increasing trend in A10 Networks Inc's quick ratio reflects a solid financial position and a strong ability to weather short-term financial challenges.