Extreme Networks Inc (EXTR)

Cash ratio

Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Cash and cash equivalents US$ in thousands 156,699 151,007 221,403 224,434 234,826 202,996 202,521 198,344 194,522 166,566 173,548 191,349 246,894 203,139 183,969 193,116 193,872 196,350 140,414 131,369
Short-term investments US$ in thousands — — — — — 92 808 1,338 1,314 832 — — — — — — — — — 29,705
Total current liabilities US$ in thousands 517,588 528,302 548,966 528,718 575,501 526,846 529,102 502,699 500,181 457,790 467,680 455,060 455,700 414,895 422,242 435,611 397,821 374,529 422,957 411,451
Cash ratio 0.30 0.29 0.40 0.42 0.41 0.39 0.38 0.40 0.39 0.37 0.37 0.42 0.54 0.49 0.44 0.44 0.49 0.52 0.33 0.39

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($156,699K + $—K) ÷ $517,588K
= 0.30

The cash ratio of Extreme Networks Inc has shown some fluctuations over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. It is calculated by dividing the total cash and cash equivalents by the total current liabilities.

From the data provided, we can see that the cash ratio has ranged from 0.29 to 0.54 over the past few quarters, with the most recent value being 0.30 as of June 30, 2024. This indicates that Extreme Networks Inc has $0.30 of cash and cash equivalents for every dollar of current liabilities as of that date.

Overall, the company's cash ratio has been relatively stable, with some fluctuations, suggesting that Extreme Networks Inc has been maintaining a healthy level of cash reserves compared to its short-term obligations. It is essential for the company to continue monitoring and managing its cash position effectively to ensure it can meet its financial obligations in a timely manner.