Extreme Networks Inc (EXTR)

Current 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
Total current assets	US$ in thousands	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	414,207	395,513	417,612	434,708
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
Current ratio		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	1.04	1.06	0.99	1.06

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 fluctuated over the past few quarters, ranging from a low of 0.90 to a high of 1.07. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets.

Extreme Networks Inc's current ratio has generally been around 1 or slightly below, which suggests a relatively tight liquidity position. A current ratio of 1.02 in December 2023 indicates the company had just enough current assets to cover its current liabilities at that point in time.

While the current ratio has improved in recent quarters, it still remains below the ideal ratio of 2. A consistently low current ratio over time may indicate potential liquidity issues and a need to closely monitor the company's ability to meet its short-term financial obligations.