F5 Networks Inc (FFIV)

Cash ratio

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	1,074,600	934,809	902,680	822,572	797,163	677,498	734,544	605,739	758,012	541,883	586,543	512,406	580,977	583,811	532,166	1,026,830	849,556	714,268	572,888	735,457
Short-term investments	US$ in thousands	0	812	802	3,287	6,160	13,109	20,710	54,015	126,554	196,458	300,591	346,548	329,630	184,108	111,105	346,515	360,333	379,303	248,257	426,761
Total current liabilities	US$ in thousands	1,489,650	1,455,580	1,502,420	1,524,460	1,472,780	1,489,540	1,525,600	1,533,480	1,839,950	1,768,700	1,773,230	1,431,890	1,391,530	1,354,960	1,327,100	1,319,250	1,288,280	1,263,320	1,252,010	1,150,510
Cash ratio		0.72	0.64	0.60	0.54	0.55	0.46	0.50	0.43	0.48	0.42	0.50	0.60	0.65	0.57	0.48	1.04	0.94	0.87	0.66	1.01

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,074,600K + $0K) ÷ $1,489,650K
= 0.72

The cash ratio for F5 Networks Inc has shown some fluctuations over the past few years. The cash ratio measures a company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

F5 Networks Inc's cash ratio has generally been above 1.0 in recent years, indicating a healthy liquidity position. However, there have been periods where the cash ratio dipped below 1.0, which may suggest some variability in the company's ability to cover its short-term liabilities purely with cash.

In the most recent period ending September 30, 2024, the cash ratio stood at 0.72, indicating a slight decrease compared to the previous quarter. Despite this slight decrease, the ratio remains above 0.5, which is generally considered acceptable in terms of liquidity.

Overall, while F5 Networks Inc has maintained a generally healthy cash ratio above 1.0 in many periods, investors and stakeholders should continue to monitor the company's liquidity position to ensure it can effectively meet its short-term obligations with its available cash resources.