Ciena Corp (CIEN)
Quick 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 | 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 |
| Receivables | US$ in thousands | 954,532 | 942,359 | 879,130 | 886,149 | 1,037,280 | 1,015,110 | 1,077,950 | 1,079,180 | 944,798 | 817,362 | 789,533 | 807,198 | 903,366 | 896,037 | — | 726,124 | 741,386 | — | — | 781,341 |
| 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 |
| Quick ratio | 2.21 | 2.35 | 2.34 | 2.68 | 2.31 | 2.36 | 2.26 | 2.19 | 2.01 | 2.18 | 2.69 | 3.14 | 2.76 | 2.79 | 1.73 | 2.78 | 2.60 | 1.62 | 1.39 | 2.24 |
November 2, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($934,863K
+ $316,343K
+ $954,532K)
÷ $999,840K
= 2.21
The quick ratio of Ciena Corp has shown some fluctuations over the past few quarters, ranging from a low of 1.39 to a high of 3.14. In general, the quick ratio has been relatively healthy, with most values well above 1 indicating that the company has an ample amount of liquid assets to cover its short-term liabilities.
The company's quick ratio peaked at 3.14 in January 2022, potentially indicating a strong ability to meet its short-term obligations without relying on inventory. However, it dipped to 1.39 in August 2020, which could signal a temporary strain on liquidity during that period.
Overall, the quick ratio of Ciena Corp has generally remained above 2, reflecting a consistently strong liquidity position and the ability to cover its short-term liabilities comfortably across the analyzed periods. This suggests that the company has a strong financial position and robust liquidity management.
Peer comparison
Nov 2, 2024