Ciena Corp (CIEN)

Cash ratio

Nov 2, 2024 Jul 27, 2024 Apr 27, 2024 Jan 27, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Jan 31, 2019
Cash and cash equivalents US$ in thousands 934,863 883,365 1,091,290 1,264,750 1,010,620 1,117,920 1,167,700 1,054,550 994,352 859,687 1,019,860 1,118,640 1,422,550 1,230,440 1,202,970 1,029,240 1,088,620 1,093,750 887,732 668,810
Short-term investments US$ in thousands 316,343 217,810 165,620 106,678 104,753 141,843 150,464 100,424 153,989 321,823 529,552 460,368 181,483 182,010 151,816 151,434 150,667 70,404 100,742 119,143
Total current liabilities US$ in thousands 999,840 870,559 912,191 841,306 932,021 965,741 1,057,930 1,018,210 1,040,580 915,342 868,758 760,328 909,030 827,091 782,676 684,767 760,701 720,491 712,986 700,760
Cash ratio 1.25 1.26 1.38 1.63 1.20 1.30 1.25 1.13 1.10 1.29 1.78 2.08 1.76 1.71 1.73 1.72 1.63 1.62 1.39 1.12

November 2, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($934,863K + $316,343K) ÷ $999,840K
= 1.25

The cash ratio of Ciena Corp has shown variability over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

Looking at the trend in Ciena Corp's cash ratio, we observe that it has fluctuated between 1.10 and 2.08 over the past few quarters. A higher cash ratio indicates that the company has more cash and cash equivalents relative to its current liabilities, suggesting a stronger ability to meet its short-term obligations.

The highest cash ratio of 2.08 was observed on January 29, 2022, indicating a significant increase in the company's cash reserves compared to its short-term liabilities at that time. Conversely, the lowest cash ratio of 1.10 was recorded on October 29, 2022, suggesting a relatively lower level of cash reserves in proportion to short-term obligations.

Overall, Ciena Corp's cash ratio has remained generally above 1.0, indicating that the company has sufficient cash to cover its short-term liabilities. However, investors and stakeholders may want to monitor the trend in the cash ratio over time to assess the company's liquidity position and ability to weather any potential financial challenges.


Peer comparison

Nov 2, 2024

Company name
Symbol
Cash ratio
Ciena Corp
CIEN
1.25
Fabrinet
FN
1.54