Viavi Solutions Inc (VIAV)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 876,500 | 945,000 | 1,005,100 | 1,112,100 | 913,600 |
| Total current liabilities | US$ in thousands | 247,100 | 343,500 | 369,300 | 747,400 | 232,800 |
| Current ratio | 3.55 | 2.75 | 2.72 | 1.49 | 3.92 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $876,500K ÷ $247,100K
= 3.55
The current ratio of Viavi Solutions Inc has exhibited fluctuations over the past five years. The ratio increased from 1.49 in June 2021 to 2.72 in June 2022, indicating an improvement in the company's short-term liquidity position. However, this improvement was followed by a slight decrease to 2.75 in June 2023.
Notably, there was a significant increase in the current ratio to 3.55 in June 2024, signaling a substantial improvement in Viavi's ability to cover its short-term liabilities with its current assets. This suggests that the company's liquidity position strengthened considerably in the most recent fiscal year.
Overall, the trend in Viavi's current ratio indicates that the company has been managing its short-term liquidity effectively, with the ratio consistently above 1, reflecting a healthy liquidity position and the ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024