Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Arista Networks Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Arista Networks Inc. current ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Arista Networks Inc. quick ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Arista Networks Inc. cash ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 not reaching Q1 2024 level. |
Current Ratio
Arista Networks Inc., current ratio calculation (quarterly data)
| Sep 30, 2024 | 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 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Current assets | 10,877,940) | 9,842,318) | 8,926,283) | 8,390,235) | 7,654,998) | 6,851,557) | 6,270,533) | 5,550,748) | 5,031,678) | 4,729,195) | 5,105,174) | 4,812,676) | 4,523,958) | 4,328,395) | 4,002,895) | 3,836,998) | 3,653,867) | 3,576,878) | 3,336,899) | 3,471,636) | 3,240,420) | 3,028,518) | 2,900,974) | |||||||
| Current liabilities | 2,434,374) | 2,161,879) | 1,783,064) | 1,909,606) | 1,846,725) | 1,655,792) | 1,584,909) | 1,293,531) | 1,254,912) | 1,278,026) | 1,369,005) | 1,109,829) | 893,387) | 859,935) | 786,532) | 768,243) | 664,783) | 640,181) | 573,007) | 597,074) | 548,189) | 525,020) | 543,193) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 4.47 | 4.55 | 5.01 | 4.39 | 4.15 | 4.14 | 3.96 | 4.29 | 4.01 | 3.70 | 3.73 | 4.34 | 5.06 | 5.03 | 5.09 | 4.99 | 5.50 | 5.59 | 5.82 | 5.81 | 5.91 | 5.77 | 5.34 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | 0.95 | 1.04 | 1.07 | 0.99 | 0.98 | 0.94 | 0.94 | 0.88 | 0.86 | 0.93 | 1.04 | 1.07 | 1.06 | 1.14 | 1.16 | 1.36 | 1.47 | 1.50 | 1.60 | 1.54 | 1.50 | 1.32 | 1.30 | |||||||
| Cisco Systems Inc. | 0.89 | 1.37 | 1.47 | 1.38 | 1.39 | 1.41 | 1.45 | 1.43 | 1.49 | 1.42 | 1.62 | 1.49 | 1.53 | 1.61 | 1.59 | 1.72 | 1.59 | 1.81 | 1.70 | 1.51 | 1.69 | 1.80 | 2.11 | |||||||
| Dell Technologies Inc. | 0.76 | 0.77 | 0.80 | 0.82 | 0.75 | 0.77 | 0.78 | 0.80 | 0.82 | 0.79 | 0.77 | 0.80 | 0.77 | 0.76 | 0.82 | 0.70 | 0.71 | 0.75 | 0.77 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 4.69 | 2.43 | 2.23 | 2.31 | 2.49 | 2.89 | 2.13 | 1.91 | 1.79 | 1.91 | 1.85 | 1.93 | 2.10 | 2.29 | 2.51 | 2.25 | 2.10 | 2.26 | 2.41 | 2.35 | 2.40 | 2.10 | 2.02 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,877,940 ÷ 2,434,374 = 4.47
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Arista Networks Inc. current ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Quick Ratio
Arista Networks Inc., quick ratio calculation (quarterly data)
| Sep 30, 2024 | 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 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,175,139) | 2,429,031) | 2,092,101) | 1,938,606) | 1,748,818) | 1,261,836) | 956,341) | 671,707) | 716,253) | 493,246) | 635,025) | 620,813) | 630,982) | 893,688) | 843,336) | 893,219) | 970,349) | 800,182) | 761,333) | 1,111,286) | 1,095,265) | 944,414) | 809,491) | |||||||
| Marketable securities | 4,253,249) | 3,844,923) | 3,357,597) | 3,069,362) | 2,706,785) | 2,479,290) | 2,374,789) | 2,352,022) | 2,263,818) | 2,408,656) | 2,788,889) | 2,787,502) | 2,755,499) | 2,388,015) | 2,184,330) | 1,979,649) | 1,875,552) | 1,981,589) | 1,875,660) | 1,613,082) | 1,351,775) | 1,313,389) | 1,341,427) | |||||||
| Accounts receivable, net | 1,130,897) | 1,226,795) | 1,090,041) | 1,024,569) | 833,374) | 779,726) | 862,875) | 923,096) | 651,512) | 585,786) | 648,606) | 516,509) | 395,590) | 364,214) | 380,466) | 389,540) | 300,217) | 383,225) | 352,159) | 391,987) | 447,252) | 343,080) | 271,246) | |||||||
| Total quick assets | 8,559,285) | 7,500,749) | 6,539,739) | 6,032,537) | 5,288,977) | 4,520,852) | 4,194,005) | 3,946,825) | 3,631,583) | 3,487,688) | 4,072,520) | 3,924,824) | 3,782,071) | 3,645,917) | 3,408,132) | 3,262,408) | 3,146,118) | 3,164,996) | 2,989,152) | 3,116,355) | 2,894,292) | 2,600,883) | 2,422,164) | |||||||
| Current liabilities | 2,434,374) | 2,161,879) | 1,783,064) | 1,909,606) | 1,846,725) | 1,655,792) | 1,584,909) | 1,293,531) | 1,254,912) | 1,278,026) | 1,369,005) | 1,109,829) | 893,387) | 859,935) | 786,532) | 768,243) | 664,783) | 640,181) | 573,007) | 597,074) | 548,189) | 525,020) | 543,193) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 3.52 | 3.47 | 3.67 | 3.16 | 2.86 | 2.73 | 2.65 | 3.05 | 2.89 | 2.73 | 2.97 | 3.54 | 4.23 | 4.24 | 4.33 | 4.25 | 4.73 | 4.94 | 5.22 | 5.22 | 5.28 | 4.95 | 4.46 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | 0.80 | 0.87 | 0.92 | 0.84 | 0.81 | 0.76 | 0.77 | 0.71 | 0.70 | 0.76 | 0.88 | 0.91 | 0.89 | 0.97 | 1.02 | 1.22 | 1.31 | 1.30 | 1.44 | 1.38 | 1.35 | 1.13 | 1.14 | |||||||
| Cisco Systems Inc. | 0.68 | 1.10 | 1.18 | 1.13 | 1.11 | 1.13 | 1.16 | 1.16 | 1.23 | 1.20 | 1.41 | 1.32 | 1.35 | 1.46 | 1.45 | 1.58 | 1.46 | 1.64 | 1.54 | 1.39 | 1.56 | 1.67 | 1.97 | |||||||
| Dell Technologies Inc. | 0.47 | 0.47 | 0.48 | 0.52 | 0.41 | 0.44 | 0.44 | 0.49 | 0.60 | 0.53 | 0.55 | 0.59 | 0.55 | 0.51 | 0.56 | 0.51 | 0.50 | 0.54 | 0.55 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 2.19 | 1.12 | 0.87 | 1.16 | 0.95 | 1.17 | 0.72 | 0.75 | 0.62 | 0.62 | 0.66 | 0.72 | 0.75 | 0.95 | 1.06 | 0.87 | 0.81 | 1.00 | 1.01 | 1.06 | 0.88 | 0.76 | 0.75 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 8,559,285 ÷ 2,434,374 = 3.52
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Arista Networks Inc. quick ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024. |
Cash Ratio
Arista Networks Inc., cash ratio calculation (quarterly data)
| Sep 30, 2024 | 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 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,175,139) | 2,429,031) | 2,092,101) | 1,938,606) | 1,748,818) | 1,261,836) | 956,341) | 671,707) | 716,253) | 493,246) | 635,025) | 620,813) | 630,982) | 893,688) | 843,336) | 893,219) | 970,349) | 800,182) | 761,333) | 1,111,286) | 1,095,265) | 944,414) | 809,491) | |||||||
| Marketable securities | 4,253,249) | 3,844,923) | 3,357,597) | 3,069,362) | 2,706,785) | 2,479,290) | 2,374,789) | 2,352,022) | 2,263,818) | 2,408,656) | 2,788,889) | 2,787,502) | 2,755,499) | 2,388,015) | 2,184,330) | 1,979,649) | 1,875,552) | 1,981,589) | 1,875,660) | 1,613,082) | 1,351,775) | 1,313,389) | 1,341,427) | |||||||
| Total cash assets | 7,428,388) | 6,273,954) | 5,449,698) | 5,007,968) | 4,455,603) | 3,741,126) | 3,331,130) | 3,023,729) | 2,980,071) | 2,901,902) | 3,423,914) | 3,408,315) | 3,386,481) | 3,281,703) | 3,027,666) | 2,872,868) | 2,845,901) | 2,781,771) | 2,636,993) | 2,724,368) | 2,447,040) | 2,257,803) | 2,150,918) | |||||||
| Current liabilities | 2,434,374) | 2,161,879) | 1,783,064) | 1,909,606) | 1,846,725) | 1,655,792) | 1,584,909) | 1,293,531) | 1,254,912) | 1,278,026) | 1,369,005) | 1,109,829) | 893,387) | 859,935) | 786,532) | 768,243) | 664,783) | 640,181) | 573,007) | 597,074) | 548,189) | 525,020) | 543,193) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 3.05 | 2.90 | 3.06 | 2.62 | 2.41 | 2.26 | 2.10 | 2.34 | 2.37 | 2.27 | 2.50 | 3.07 | 3.79 | 3.82 | 3.85 | 3.74 | 4.28 | 4.35 | 4.60 | 4.56 | 4.46 | 4.30 | 3.96 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | 0.47 | 0.54 | 0.55 | 0.42 | 0.50 | 0.47 | 0.37 | 0.31 | 0.37 | 0.40 | 0.43 | 0.50 | 0.57 | 0.66 | 0.58 | 0.86 | 0.98 | 0.98 | 1.05 | 0.95 | 1.05 | 0.85 | 0.80 | |||||||
| Cisco Systems Inc. | 0.47 | 0.83 | 0.87 | 0.84 | 0.81 | 0.81 | 0.79 | 0.75 | 0.83 | 0.81 | 1.00 | 0.93 | 0.97 | 1.12 | 1.11 | 1.16 | 1.10 | 1.23 | 1.14 | 1.05 | 1.24 | 1.37 | 1.61 | |||||||
| Dell Technologies Inc. | 0.17 | 0.16 | 0.16 | 0.17 | 0.09 | 0.10 | 0.13 | 0.17 | 0.32 | 0.21 | 0.26 | 0.26 | 0.22 | 0.21 | 0.24 | 0.18 | 0.17 | 0.20 | 0.21 | — | — | — | — | |||||||
| Super Micro Computer Inc. | 1.23 | 0.36 | 0.34 | 0.32 | 0.33 | 0.33 | 0.18 | 0.18 | 0.17 | 0.21 | 0.25 | 0.24 | 0.23 | 0.47 | 0.51 | 0.30 | 0.38 | 0.46 | 0.41 | 0.41 | 0.30 | 0.16 | 0.14 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 7,428,388 ÷ 2,434,374 = 3.05
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Arista Networks Inc. cash ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 not reaching Q1 2024 level. |