F5 Networks Inc (FFIV)

Current ratio

		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	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,961,750	1,848,770	1,713,780	1,825,180	1,714,510	1,912,220	1,688,920	1,734,830	1,687,970	1,611,100	1,466,710	1,335,650	2,029,810	1,793,480	1,665,430	1,408,730	1,737,470	1,511,590	1,504,900	1,807,460
Total current liabilities	US$ in thousands	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	1,105,530	1,072,070	1,074,790
Current ratio		1.29	1.26	1.15	1.20	1.12	1.04	0.95	0.98	1.18	1.16	1.08	1.01	1.54	1.39	1.32	1.13	1.51	1.37	1.40	1.68

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,961,750K ÷ $1,524,460K
= 1.29

The current ratio of F5 Inc has shown a fluctuating trend over the past eight quarters. In Q1 2024, the current ratio improved to 1.29 from 1.26 in Q4 2023. This indicates that the company's current assets were 1.29 times higher than its current liabilities, reflecting a healthy liquidity position.

Comparing this to previous quarters, the current ratio has generally been increasing since Q2 2022, which had the lowest ratio of 0.98. This upward trend suggests that F5 Inc has been effectively managing its current assets and liabilities to ensure they are in a favorable balance.

While the current ratio dipped slightly in Q3 2023 to 1.15, it remained above 1, indicating that the company had sufficient current assets to cover its short-term obligations. However, investors and analysts will want to monitor this ratio closely to ensure that F5 Inc maintains its liquidity position and can meet its short-term financial obligations.

Overall, the current ratio of F5 Inc reflects a stable liquidity position, with a general upward trend over the past few quarters, indicating that the company has been managing its short-term financial obligations effectively.