Viavi Solutions Inc (VIAV)

Quick 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
Cash	US$ in thousands	471,300	454,200	543,700	520,600	506,500	580,600	484,100	512,600	559,900	589,800	732,100	915,600	697,800	672,200	644,200	590,800	539,000	532,500	551,800	525,300
Short-term investments	US$ in thousands	19,900	28,400	25,000	20,500	14,600	1,500	1,400	1,300	1,400	1,600	1,700	1,600	1,600	1,600	1,600	1,500	1,500	1,300	1,600	1,500
Receivables	US$ in thousands	244,900	244,600	240,900	222,500	263,900	—	260,200	—	285,800	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		2.98	3.19	2.59	2.46	2.29	1.41	2.27	1.54	2.29	2.28	2.57	3.14	0.94	2.47	2.45	2.60	2.32	2.23	2.11	1.86

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($471,300K + $19,900K + $244,900K) ÷ $247,100K
= 2.98

The quick ratio of Viavi Solutions Inc has exhibited fluctuations over the historical period. The ratio has generally remained above 1, indicating the company's ability to cover its short-term liabilities with its most liquid assets.

In the most recent quarter, as of June 30, 2024, the quick ratio stands at 2.98, reflecting a healthy liquidity position. This implies that the company has $2.98 of liquid assets available to cover each dollar of its current liabilities.

The trend over the past quarters shows some variability, with ratios ranging from 1.41 to 3.19. It is worth noting that the quick ratio significantly improved from 0.94 in the third quarter of 2021 to above 2 in subsequent quarters, reaching a peak of 3.19 in the first quarter of 2024.

Overall, the quick ratio trend indicates that Viavi Solutions Inc has maintained a strong liquidity position in recent periods, which suggests that the company is well-positioned to meet its short-term obligations using its liquid assets.