NetScout Systems Inc (NTCT)

Quick 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
Cash	US$ in thousands	389,674	297,655	279,944	332,716	386,794	352,044	320,325	332,502	636,161	548,105	468,470	487,168	467,176	477,755	415,719	403,306	338,489	287,660	245,064	353,721
Short-term investments	US$ in thousands	33,459	31,457	48,652	51,887	32,204	57,262	46,806	42,144	67,037	5,349	7,347	6,737	9,277	12,689	12,127	23,202	47,969	56,274	55,129	84,354
Receivables	US$ in thousands	192,096	221,574	152,603	108,292	143,855	215,838	139,126	112,889	148,245	233,854	162,888	146,199	197,717	208,016	169,687	138,793	213,514	244,877	202,288	160,039
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
Quick ratio		1.56	1.44	1.34	1.29	1.24	1.42	1.26	1.17	1.79	1.83	1.72	1.74	1.64	1.76	1.65	1.58	1.50	1.53	1.43	1.71

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($389,674K + $33,459K + $192,096K) ÷ $395,082K
= 1.56

The quick ratio of NetScout Systems Inc has shown some fluctuations over the past few quarters. The ratio has generally been above 1, indicating that the company has an adequate level of liquid assets to cover its short-term liabilities.

The trend shows that the quick ratio has ranged from 1.17 to 1.83 in recent quarters, with the highest being 1.83 in the first quarter of 2022. This suggests that the company had a higher level of liquid assets relative to its current liabilities at that point.

Overall, the quick ratio has been relatively stable, fluctuating within a reasonable range, which is a positive sign of the company's ability to meet its short-term obligations using its readily available liquid assets. It is important to monitor this ratio in conjunction with other financial metrics to get a complete picture of NetScout Systems Inc's financial health.