ANGI Homeservices Inc (ANGI)
Cash ratio
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 386,564 | 416,434 | 395,230 | 384,895 | 363,337 | 364,044 | 366,825 | 370,579 | 314,960 | 321,155 | 328,795 | 360,950 | 391,286 | 428,136 | 476,625 | 584,260 | 777,041 | 812,705 | 855,044 | 420,985 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 12,495 | — | — | — | — | 0 | 0 | 0 | 0 | 49,995 | 49,992 | — |
| Total current liabilities | US$ in thousands | 216,051 | 231,678 | 243,602 | 260,826 | 242,224 | 258,655 | 303,717 | 303,408 | 270,136 | 281,784 | 300,050 | 337,602 | 306,312 | 276,509 | 303,268 | 291,912 | 247,320 | 233,678 | 268,458 | 255,263 |
| Cash ratio | 1.79 | 1.80 | 1.62 | 1.48 | 1.50 | 1.41 | 1.21 | 1.22 | 1.21 | 1.14 | 1.10 | 1.07 | 1.28 | 1.55 | 1.57 | 2.00 | 3.14 | 3.69 | 3.37 | 1.65 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($386,564K
+ $—K)
÷ $216,051K
= 1.79
The analysis of ANGI Homeservices Inc.'s cash ratio over the period from June 30, 2020, through March 31, 2025, reveals a generally stable liquidity profile with fluctuations indicative of the company's evolving liquidity management. Initially, on June 30, 2020, the cash ratio stood at 1.65, suggesting the company had a robust position with sufficient cash and cash equivalents to cover current liabilities more than once. This elevated level persisted through September 30, 2020, reaching an even higher value of 3.37, and further increased to 3.69 by December 31, 2020, indicating a strong liquidity buffer.
Subsequently, there was a moderate decline in the cash ratio throughout 2021, with values decreasing to 3.14 in March, 2.00 in June, and further down to 1.57 and 1.55 for September and December respectively. This decline suggests a relative reduction in the company's cash holdings amid possibly increased operational activities or investment requirements. Despite this downward trend, the ratio remained above 1, signifying that cash and equivalents still comfortably cover short-term liabilities.
In 2022, a slight downward trend continued, with ratios declining from 1.28 in March to 1.07 in June, then remaining relatively stable around 1.10 and 1.14 at subsequent quarters. This stability near the 1.0 level indicates the company's liquidity is adequate but less conservative. Moving into 2023, the ratio showed modest growth, reaching 1.21 in March and slightly increasing to 1.22 in June, maintaining this level through September. By December 2023, the ratio increased further to 1.41, suggesting a modest strengthening of cash reserves.
From March 2024 onwards, the trend of increasing cash ratio values becomes more apparent, with ratios rising to 1.50 in March, 1.48 in June, and then a notable upward movement to 1.62 in September and 1.80 in December 2024. This upward trajectory indicates a deliberate enhancement of liquidity buffers, potentially reflecting strategic cash accumulation or cash flow improvements. The ratio remains elevated at 1.79 in March 2025, indicating sustained improvement.
Overall, the cash ratio of ANGI Homeservices Inc. demonstrates a pattern of initial high liquidity levels, followed by a period of stabilization during 2021 and 2022, and subsequent strategic increases in cash holdings from 2023 onward. The trend suggests a cautious approach toward liquidity management, aiming to maintain sufficient cash buffers to meet short-term obligations while adapting to changing operational or strategic needs over time.
Peer comparison
Mar 31, 2025