F5 Networks Inc (FFIV)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,109,470 | 1,848,770 | 1,912,220 | 1,611,100 | 1,793,480 |
| Total current liabilities | US$ in thousands | 1,489,650 | 1,472,780 | 1,839,950 | 1,391,530 | 1,288,280 |
| Current ratio | 1.42 | 1.26 | 1.04 | 1.16 | 1.39 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,109,470K ÷ $1,489,650K
= 1.42
The current ratio of F5 Networks Inc has fluctuated over the past five years. In 2024, the current ratio improved to 1.42 from 1.26 in 2023. This indicates that the company's current assets exceeded its current liabilities, providing a stronger cushion to cover short-term obligations.
Compared to 2022 and 2021, where the current ratios were 1.04 and 1.16 respectively, the company's liquidity position has significantly improved. However, the current ratio in 2020 was higher at 1.39, indicating a slightly stronger liquidity position compared to 2024.
Overall, while the current ratio has shown variability, the recent improvement in 2024 suggests that F5 Networks Inc has enhanced its short-term liquidity position and may be better equipped to meet its current obligations.
Peer comparison
Sep 30, 2024