F5 Networks Inc (FFIV)

Quick ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash	US$ in thousands	1,074,600	797,163	758,012	580,977	849,556
Short-term investments	US$ in thousands	0	6,160	126,554	329,630	360,333
Receivables	US$ in thousands	389,024	454,832	469,979	340,536	296,183
Total current liabilities	US$ in thousands	1,489,650	1,472,780	1,839,950	1,391,530	1,288,280
Quick ratio		0.98	0.85	0.74	0.90	1.17

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,074,600K + $0K + $389,024K) ÷ $1,489,650K
= 0.98

The quick ratio of F5 Networks Inc has shown fluctuations over the past five years. In 2024, the quick ratio was 0.98, indicating that the company had $0.98 in liquid assets to cover each dollar of current liabilities. This suggests an improvement compared to the previous year's quick ratio of 0.85.

In 2023 and 2022, the quick ratios were 0.85 and 0.74, respectively, indicating a decrease in the company's ability to meet its short-term obligations with liquid assets. The quick ratio improved in 2021 to 0.90 and was relatively strong in 2020 at 1.17.

Overall, the trend in F5 Networks Inc's quick ratio shows variability, with the company's ability to cover its short-term obligations with liquid assets fluctuating over the years. It would be important to further investigate the reasons behind these fluctuations and assess the company's liquidity position comprehensively.