Viavi Solutions Inc (VIAV)

Current ratio

		Jun 30, 2024	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
Total current assets	US$ in thousands	876,500	867,600	965,300	916,100	945,000	1,003,000	911,900	950,800	1,005,100	1,044,000	1,180,600	1,332,600	1,112,100	1,080,000	1,046,400	961,600	913,600	914,000	954,800	914,200
Total current liabilities	US$ in thousands	247,100	227,800	312,100	310,900	343,500	412,600	328,700	333,200	369,300	259,700	285,100	292,500	747,400	273,100	263,600	227,500	232,800	239,100	261,900	282,500
Current ratio		3.55	3.81	3.09	2.95	2.75	2.43	2.77	2.85	2.72	4.02	4.14	4.56	1.49	3.95	3.97	4.23	3.92	3.82	3.65	3.24

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 several quarters. From December 2019 to March 2020, the current ratio was relatively stable around the range of 3.65 to 4.23, indicating a strong liquidity position. However, in the subsequent quarters, the current ratio declined, reaching its lowest point of 1.49 in December 2021, suggesting a potential liquidity strain.

Since December 2021, there has been an upward trend in the current ratio, with values ranging from 2.43 to 4.56 as of June 2024. This improvement indicates that Viavi Solutions Inc has strengthened its liquidity position compared to the previous quarters, with the current ratio now above 3.0, which is generally considered healthy.

Overall, while Viavi Solutions Inc experienced some fluctuations in its current ratio, the recent upward trend suggests an improvement in the company's short-term liquidity position. However, it is important to continue monitoring this ratio to ensure sustained financial stability.