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.