Ciena Corp (CIEN)
Current ratio
| 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 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,104,480 | 1,985,420 | 1,923,420 |
| Total current liabilities | US$ in thousands | 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 | 1,068,440 | 989,755 | 933,376 |
| Current ratio | 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 | 1.97 | 2.01 | 2.06 |
January 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,608,750K ÷ $841,306K
= 4.29
The current ratio of CIENA Corp. has exhibited fluctuations over the past eight quarters, ranging from a low of 3.25 in Q4 2022 to a high of 4.29 in Q1 2024. These fluctuations suggest some variability in the company's liquidity position and its ability to meet short-term obligations using its current assets. Overall, the current ratio has generally remained above 3.0, indicating that the company has a healthy level of current assets relative to its current liabilities. This suggests that CIENA Corp. has a strong ability to cover its short-term debts and financial commitments, providing a positive indicator of its financial health and stability during the periods analyzed.
Peer comparison
Jan 27, 2024