Juniper Networks Inc (JNPR)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	3,795,500	3,617,100	2,956,600	3,271,200	3,209,800
Total current liabilities	US$ in thousands	2,104,000	2,078,900	1,876,500	2,161,100	1,543,900
Current ratio		1.80	1.74	1.58	1.51	2.08

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,795,500K ÷ $2,104,000K
= 1.80

Juniper Networks Inc's current ratio has shown fluctuations over the past five years. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger position in terms of liquidity.

In 2023, Juniper Networks Inc's current ratio improved to 1.80 from 1.74 in 2022, signaling an increase in its ability to cover its short-term liabilities with its current assets. This improvement suggests that the company may have enhanced its liquidity position or managed its current assets more efficiently during the year.

Comparing the current ratio to previous years, Juniper Networks Inc's liquidity position has been relatively stable, with fluctuations within a moderate range. The ratio has generally remained above 1, demonstrating that the company has had sufficient current assets to cover its current liabilities in each of the years analyzed.

Overall, based on the current ratio trend, Juniper Networks Inc appears to have maintained a reasonable level of liquidity over the past five years, with a slight improvement in 2023. It is important for the company to continue monitoring and managing its current assets effectively to ensure it can meet its short-term obligations in the future.