Juniper Networks Inc (JNPR)

Liquidity ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Current ratio	1.46	1.72	1.69	1.74	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
Quick ratio	0.52	0.60	0.56	0.63	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
Cash ratio	0.52	0.60	0.56	0.63	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

Based on the provided data, Juniper Networks Inc's liquidity ratios have exhibited some fluctuations over the reporting periods.

1. Current Ratio: This ratio measures the company's ability to cover its short-term obligations with its short-term assets. Juniper Networks Inc's current ratio has shown a general trend of staying above 1, indicating that it has sufficient current assets to cover its current liabilities. The ratio has ranged from 1.46 to 2.02, with the highest value being 2.02 on September 30, 2020, and the lowest value being 1.46 on December 31, 2024.

2. Quick Ratio: The quick ratio, also known as the acid-test ratio, provides a more stringent measure of liquidity by excluding inventory from current assets. Juniper Networks Inc's quick ratio has generally been lower than its current ratio, ranging from 0.52 to 1.23. This suggests that the company may have some reliance on inventory to meet its short-term obligations.

3. Cash Ratio: The cash ratio is the most conservative liquidity ratio, focusing solely on the company's ability to cover its current liabilities with its cash and cash equivalents. Juniper Networks Inc's cash ratio has ranged from 0.52 to 1.25, indicating that the company has a varying ability to cover its short-term obligations with its cash holdings.

Overall, Juniper Networks Inc has maintained a current ratio above 1, ensuring that it can meet its short-term obligations. However, the lower quick and cash ratios suggest that the company may have some reliance on non-cash current assets to support its liquidity position. Monitoring these ratios over time can provide insights into the company's liquidity management and financial health.

Additional liquidity measure

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash conversion cycle	days	144.82	152.79	159.89	156.84	147.14	146.84	137.00	114.63	96.50	83.53	67.34	56.30	49.87	41.75	39.89	47.18	41.00	32.75	23.55	19.43

The cash conversion cycle (CCC) of Juniper Networks Inc has shown fluctuations over the quarters, indicating changes in the efficiency of their working capital management. In the latest quarter, December 31, 2024, the CCC was 144.82 days.

The trend suggests that the company takes approximately 144.82 days to convert its investments in inventory and other resources into cash receipts from sales. A longer cycle implies that Juniper Networks Inc takes more time to generate cash from its operating activities, potentially facing liquidity challenges or inefficiencies in managing its working capital.

The increasing trend in the CCC from March 31, 2020, to December 31, 2024, demonstrates a lengthening cash conversion process for the company. This could be due to various reasons such as slower inventory turnover, extended collection periods from customers, or increased payment periods to suppliers.

A careful evaluation and management of the CCC are essential for Juniper Networks Inc to improve its liquidity position, optimize its working capital, and enhance overall financial performance in the long run.