NetScout Systems Inc (NTCT)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	672,494	609,318	540,521	549,671	617,360	681,947	588,389	563,395	921,939	839,588	701,588	696,256	722,472	762,614	669,408	630,775	659,743	654,049	572,994	675,850
Total current liabilities	US$ in thousands	395,082	382,252	359,124	383,186	453,607	440,009	402,196	415,194	476,160	431,226	370,787	367,565	411,275	396,219	362,207	357,492	398,997	384,104	350,559	349,583
Current ratio		1.70	1.59	1.51	1.43	1.36	1.55	1.46	1.36	1.94	1.95	1.89	1.89	1.76	1.92	1.85	1.76	1.65	1.70	1.63	1.93

March 31, 2024 calculation

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

The current ratio, which measures a company's ability to meet its short-term obligations with its current assets, for NetScout Systems Inc has fluctuated over the past few quarters. As of March 31, 2024, the current ratio stands at 1.70, indicating that the company had $1.70 in current assets for every dollar of current liabilities.

Looking at the trend, the current ratio has generally been above 1, suggesting that NetScout has had sufficient current assets to cover its short-term liabilities. The ratio has shown some variability, with fluctuations between 1.36 and 1.95 over the last few quarters, which could be due to changes in the company's current asset and liability levels.

Overall, the current ratio trend for NetScout Systems Inc indicates a relatively healthy liquidity position, with the company effectively managing its short-term financial obligations in recent quarters. However, it is important to monitor future changes in the current ratio to assess the company's ongoing liquidity and working capital management.