Juniper Networks Inc (JNPR)

Quick ratio

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 US$ in thousands 1,224,300 1,065,000 948,500 1,083,900 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
Short-term investments US$ in thousands 160,300 166,700 186,700 187,900 139,400 133,600 144,700 174,900 210,300 226,200 294,300 293,400 315,500 321,100 335,500 294,100 412,100 499,300 397,600 523,000
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 2,642,000 2,048,100 2,043,600 2,030,000 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
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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,224,300K + $160,300K + $—K) ÷ $2,642,000K
= 0.52

The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered acceptable, as it indicates that a company can cover its current liabilities using its most liquid assets.

Based on the data provided for Juniper Networks Inc's quick ratio over the past few years, we can observe fluctuations in the ratio. In recent quarters, the quick ratio has shown a declining trend, moving from 1.25 in March 2020 to 0.52 in December 2024.

The declining trend in the quick ratio may raise concerns about the company's ability to meet its short-term obligations with its readily available assets. A quick ratio below 1 may indicate that Juniper Networks Inc could potentially face liquidity issues in the near future, as its liquid assets may not be sufficient to cover its current liabilities.

It is essential for investors and analysts to closely monitor Juniper Networks Inc's quick ratio and assess the company's liquidity position in conjunction with other financial metrics to gain a comprehensive understanding of its financial health and sustainability.