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