Extreme Networks Inc (EXTR)

Current ratio

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Total current assets	US$ in thousands	535,296	476,598	495,289	476,767	466,926	505,984	558,243	532,456	576,158	502,072	497,665	482,104	489,089	446,876	430,517	424,171	487,595	420,880	403,298	406,680
Total current liabilities	US$ in thousands	587,875	511,962	534,222	526,409	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
Current ratio		0.91	0.93	0.93	0.91	0.90	0.96	1.02	1.01	1.00	0.95	0.94	0.96	0.98	0.98	0.92	0.93	1.07	1.01	0.96	0.93

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $535,296K ÷ $587,875K
= 0.91

The current ratio of Extreme Networks Inc. from September 30, 2020, through June 30, 2025, demonstrates a pattern of gradual fluctuation within a narrow range. At the beginning of the period, the ratio was approximately 0.93, indicating that current liabilities slightly exceeded current assets. During the subsequent periods, the ratio experienced incremental increases, peaking at around 1.07 on June 30, 2021, which suggests a brief phase where current assets slightly surpassed current liabilities, improving liquidity.

Following this peak, the ratio declined back below unity, reflecting periods where current liabilities once again exceeded current assets—specifically noted at approximately 0.92 to 0.98 through various quarters. The ratio stabilized around 0.95 to 1.00 from March 2022 through September 2023, indicating a relatively steady liquidity position with assets nearly matching liabilities.

In the latest periods, the ratio displayed slight decreases, falling to approximately 0.90 by June 2024, before marginally rising again to just above 1.00 at the end of 2024 and into the first half of 2025. This indicates that while the company's liquidity position has been consistently close to a near-equilibrium point, it has not demonstrated a sustained improvement beyond the unity level over the analyzed timeframe.

Overall, the company's current ratio has remained relatively stable, centered around the 0.9 to 1.0 range, indicating a consistent but modest liquidity cushion that fluctuates close to the threshold where current assets are approximately equal to or slightly less than current liabilities.