ANGI Homeservices Inc (ANGI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 495,085 | 487,219 | 484,202 | 583,071 | 977,806 |
| Total current liabilities | US$ in thousands | 231,678 | 258,655 | 281,784 | 276,509 | 233,678 |
| Current ratio | 2.14 | 1.88 | 1.72 | 2.11 | 4.18 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $495,085K ÷ $231,678K
= 2.14
The current ratio of ANGI Homeservices Inc demonstrates a fluctuating trend over the observed period from December 31, 2020, to December 31, 2024. At the end of 2020, the current ratio stood at a robust 4.18, indicating a strong liquidity position characterized by a substantial buffer of current assets over current liabilities. However, there was a notable decline in the following year, with the ratio decreasing to 2.11 as of December 31, 2021, which, while lower, still reflects a comfortable margin of liquidity.
This downward trend continued into 2022, with the current ratio reaching 1.72, approaching a more modest level of liquidity. A ratio below 2 suggests a decrease in liquidity cushion, potentially indicating tighter short-term financial health or increased current liabilities relative to current assets. Nevertheless, the ratio remained above 1, suggesting that current assets still exceeded current liabilities.
By the end of 2023, there was a slight rebound in the current ratio to 1.88, signaling a modest improvement in liquidity position, though it still remained well below the initial 2020 figure. This may imply factors such as improved asset management or resolution of short-term obligations contributed to the uptick.
Finally, as of December 31, 2024, the current ratio increased further to 2.14, surpassing the 2023 level and indicating an enhancement in liquidity. This movement suggests a potential strengthening of the company's ability to meet its short-term obligations, possibly through improved current asset management, reduction of current liabilities, or both.
Overall, the current ratio trajectory depicts a decline from 2020 to 2022, followed by a partial recovery in 2023 and 2024. The current ratio in the latest period reflects a moderate and stable liquidity position, with the ratio comfortably above the generally acceptable threshold of 1, supporting the view that ANGI Homeservices Inc maintains adequate short-term financial resilience.
Peer comparison
Dec 31, 2024