Juniper Networks Inc (JNPR)

Quick 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	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
Receivables	US$ in thousands	1,044,100	937,300	908,500	1,061,800	1,227,300	1,027,600	1,048,400	848,800	994,400	774,300	768,300	758,900	964,100	754,000	754,700	675,100	879,700	635,800	659,400	645,400
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
Quick ratio		1.07	1.03	0.95	1.04	1.11	1.10	1.06	1.16	1.19	1.28	1.24	1.27	1.27	1.73	1.64	1.69	1.84	2.03	1.96	2.71

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,068,100K + $139,400K + $1,044,100K) ÷ $2,104,000K
= 1.07

The quick ratio of Juniper Networks Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the quick ratio stood at 1.35, indicating the company had $1.35 in liquid assets available to cover each $1 of current liabilities. This ratio decreased from Q3 2023, where it was 1.29.

Overall, the quick ratio has generally remained above 1.0 over the past eight quarters, pointing to Juniper Networks Inc's ability to meet its short-term obligations using its most liquid assets. The peak quick ratio of 1.44 was observed in Q4 2022. Despite some variability, the company's quick ratio has managed to stay relatively stable, reflecting a prudent approach to managing liquidity and current liabilities.