A10 Network (ATEN)

Quick 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
Cash US$ in thousands 95,129 78,063 122,909 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
Short-term investments US$ in thousands 100,429 108,601 61,763 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
Receivables US$ in thousands 76,687 64,949 55,906 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
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
Quick ratio 2.20 1.98 2.13 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

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, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the years based on the provided data.

From December 2019 to September 2020, the quick ratio generally increased from 1.88 to 2.09, indicating an improvement in the company's short-term liquidity position. There was a slight decline to 1.94 by the end of December 2020 but bounced back to 2.15 by March 2021.

Subsequently, the ratio remained relatively stable around the range of 2.10 to 2.27 from June 2021 to December 2021, suggesting the company's continued ability to cover its current liabilities with its quick assets effectively.

However, from March 2022 onwards, there was a slight downward trend in the quick ratio, with a low of 1.65 by September 2022, indicating a potential reduction in the company's ability to meet its short-term obligations with its most liquid assets. The ratio recovered slightly to 1.89 by the end of December 2022.

The ratio continued to fluctuate but generally stayed above 2 from March 2023 to December 2024, demonstrating an improvement in A10 Network's liquidity position compared to the previous periods of fluctuation.

Overall, the quick ratio of A10 Network has shown both positive and negative trends over the years, reflecting changes in the company's ability to cover its short-term liabilities with its quick assets. Investors and stakeholders should monitor these fluctuations to assess the company's liquidity risk and financial health.