Ciena Corp (CIEN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,544,420 | 3,538,460 | 3,541,350 | 3,608,750 | 3,575,780 | 3,811,350 | 3,868,630 | 3,762,570 | 3,385,900 | 3,188,380 | 3,228,530 | 3,164,110 | 3,188,910 | 2,984,130 | 2,794,450 | 2,596,540 | 2,611,160 | 2,567,880 | 2,340,210 | 2,089,670 |
| 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 |
| Current ratio | 3.54 | 4.06 | 3.88 | 4.29 | 3.84 | 3.95 | 3.66 | 3.70 | 3.25 | 3.48 | 3.72 | 4.16 | 3.51 | 3.61 | 3.57 | 3.79 | 3.43 | 3.56 | 3.28 | 2.98 |
November 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,544,420K ÷ $999,840K
= 3.54
The current ratio of Ciena Corp has exhibited fluctuations over the past few years, ranging from a low of 2.98 to a high of 4.29. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio is generally considered favorable as it indicates that the company has more current assets relative to its current liabilities.
In the most recent period, the current ratio stands at 3.54, suggesting that Ciena Corp had $3.54 in current assets for every dollar of current liabilities. This indicates a relatively strong liquidity position, providing the company with a sufficient buffer to meet its short-term obligations.
Overall, the trend in Ciena Corp's current ratio shows a generally healthy liquidity position, with the company maintaining a solid ability to cover its short-term liabilities with its current assets. However, it is important to monitor this ratio over time to ensure that the company's liquidity position remains stable and that it can effectively manage its short-term financial obligations.
Peer comparison
Nov 2, 2024