Juniper Networks Inc (JNPR)

Current 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
Total current assets	US$ in thousands	3,795,500	3,871,300	3,751,000	3,658,100	3,617,100	3,208,700	3,072,000	3,038,300	2,956,600	2,739,600	2,646,100	2,600,300	3,271,200	3,038,500	3,001,200	2,972,700	3,209,800	3,187,500	3,758,600	4,309,600
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
Current ratio		1.80	1.73	1.66	1.76	1.74	1.69	1.58	1.63	1.58	1.67	1.56	1.62	1.51	2.02	1.88	1.93	2.08	2.24	2.13	2.89

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 fluctuated over the past eight quarters, ranging between 1.58 and 1.80. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position. The increasing trend from Q2 2022 to Q4 2023 indicates an improvement in the company's ability to cover its short-term obligations. However, the current ratio dipped in Q2 2023 before rising again in subsequent quarters. Overall, the current ratio indicates that Juniper Networks Inc has been effectively managing its short-term financial obligations during the observed period.