Extreme Networks Inc (EXTR)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 466,926 | 576,158 | 489,089 | 487,595 | 414,207 |
| Total current liabilities | US$ in thousands | 517,588 | 575,501 | 500,181 | 455,700 | 397,821 |
| Current ratio | 0.90 | 1.00 | 0.98 | 1.07 | 1.04 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $466,926K ÷ $517,588K
= 0.90
The current ratio of Extreme Networks Inc has exhibited fluctuations over the past five years. As of June 30, 2024, the current ratio stands at 0.90, indicating a decrease from the previous year. This suggests that the company may be facing challenges in meeting its short-term financial obligations with its current assets alone. Comparing this to the ratios in the prior years, we observe a declining trend since 2021 when the current ratio was at its peak at 1.07. It is important to note that a current ratio below 1.0 may raise concerns about the company's liquidity position and ability to cover its current liabilities. Extreme Networks Inc may need to closely monitor and manage its current assets and liabilities to enhance its liquidity position in the upcoming periods.
Peer comparison
Jun 30, 2024