NetScout Systems Inc (NTCT)

Current ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total current assets	US$ in thousands	672,494	617,360	921,939	722,472	659,743
Total current liabilities	US$ in thousands	395,082	453,607	476,160	411,275	398,997
Current ratio		1.70	1.36	1.94	1.76	1.65

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $672,494K ÷ $395,082K
= 1.70

The current ratio of NetScout Systems Inc has fluctuated over the past five years, ranging from 1.36 to 1.94. The current ratio for the most recent fiscal year ended March 31, 2024, stands at 1.70, indicating that the company's current assets are 1.70 times greater than its current liabilities. This implies that NetScout Systems Inc may have sufficient short-term assets to cover its short-term liabilities. However, it is important to note that the current ratio is lower than in the previous fiscal year, suggesting a slight decrease in liquidity compared to the prior period. Overall, while the current ratio of 1.70 indicates a relatively stable liquidity position, further analysis of the company's current assets and liabilities is recommended to fully assess its short-term financial health.