F5 Networks Inc (FFIV)

Current 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
Total current assets	US$ in thousands	2,109,470	1,986,170	1,951,520	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
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
Current ratio		1.42	1.36	1.30	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

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 few years. As of September 30, 2024, the current ratio stands at 1.42, indicating that the company has $1.42 in current assets for every $1 in current liabilities. The current ratio has shown an increasing trend since the end of 2021, reaching a peak of 1.54 at the end of 2020 before experiencing a slight decline.

Overall, the current ratio of F5 Networks Inc has generally been above 1, suggesting that the company has had sufficient current assets to cover its current liabilities. However, there have been periods, such as in mid-to-late 2022, where the ratio dipped below 1, which may indicate potential liquidity concerns.

It is important for investors and analysts to closely monitor the company's current ratio to assess its short-term liquidity position and ability to meet its near-term financial obligations.