Juniper Networks Inc (JNPR)

Cash 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
Cash and cash equivalents US$ in thousands 1,068,100 1,243,500 1,089,400 923,500 880,100 830,900 721,800 1,013,300 922,500 1,010,700 986,700 989,100 1,361,900 1,341,500 1,460,300 1,398,600 1,215,800 1,204,800 1,381,300 2,155,600
Short-term investments US$ in thousands 139,400 133,600 144,700 174,900 210,300 226,200 294,300 293,400 315,500 321,100 335,500 294,100 412,100 499,300 397,600 523,000 738,000 1,040,800 1,418,900 1,227,400
Total current liabilities US$ in thousands 2,104,000 2,236,800 2,262,200 2,074,200 2,078,900 1,896,700 1,949,900 1,858,400 1,876,500 1,639,100 1,690,900 1,607,700 2,161,100 1,501,600 1,596,300 1,536,500 1,543,900 1,422,900 1,766,200 1,489,100
Cash ratio 0.57 0.62 0.55 0.53 0.52 0.56 0.52 0.70 0.66 0.81 0.78 0.80 0.82 1.23 1.16 1.25 1.27 1.58 1.59 2.27

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,068,100K + $139,400K) ÷ $2,104,000K
= 0.57

The cash ratio of Juniper Networks Inc has exhibited some fluctuations over the past eight quarters. The ratio has ranged from a low of 0.83 in Q2 2022 to a high of 0.95 in Q1 2022. Generally, the company has maintained a relatively stable cash ratio, hovering around the range of 0.84 to 0.88 in recent quarters.

The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing or asset liquidation.

Juniper Networks Inc's cash ratio has generally been above 0.80, indicating that the company has a sufficient level of cash to cover its short-term liabilities. However, it is important to consider the industry benchmarks and specific business circumstances to accurately assess the adequacy of the company's cash reserves. Any significant deviations from the historical trend in the cash ratio should be carefully analyzed to understand the underlying reasons and potential implications for the company's financial health.