ANGI Homeservices Inc (ANGI)
Quick 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 | 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 | — |
| Receivables | US$ in thousands | 40,475 | 36,670 | 52,402 | 66,325 | 60,810 | 86,027 | 77,269 | 78,484 | 92,303 | 71,967 | 102,947 | 119,768 | 100,043 | 84,387 | 98,538 | 62,052 | 56,915 | 43,148 | 51,721 | 49,760 |
| 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 |
| Quick ratio | 1.98 | 1.96 | 1.84 | 1.73 | 1.75 | 1.74 | 1.46 | 1.48 | 1.55 | 1.40 | 1.44 | 1.42 | 1.60 | 1.85 | 1.90 | 2.21 | 3.37 | 3.88 | 3.56 | 1.84 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($386,564K
+ $—K
+ $40,475K)
÷ $216,051K
= 1.98
The quick ratio of ANGI Homeservices Inc from June 30, 2020, through March 31, 2025, demonstrates a notable upward trend, reflecting improvements in short-term liquidity. Initially, the ratio was 1.84 in June 2020, indicating that the company held 1.84 times more liquid assets than current liabilities, suggesting a strong immediate liquidity position. The ratio experienced a substantial increase during late 2020, reaching a peak of 3.88 by December 31, 2020, which signifies an even more conservative liquidity stance with ample liquid assets relative to current obligations.
Throughout 2021, the ratio remained robust, maintaining levels around 1.85 to 3.37, though with some fluctuations, indicating a generally solid liquidity position. Notably, the ratio decreased slightly in 2022, ranging between approximately 1.42 and 1.60, but consistently stayed above 1.4, suggesting that the company remained capable of meeting short-term liabilities with its quick assets. The ratio in 2023 and into 2024 exhibited modest stability, with values between approximately 1.46 and 1.75, which still denote adequate liquidity coverage.
From the end of 2024 to the first half of 2025, the ratio further increased, reaching 1.96 in December 2024 and nearly 2.00 (1.98) by March 2025. This ongoing upward trend indicates an improvement in the company's liquid asset position relative to short-term obligations, enhancing its liquidity buffer.
Overall, the quick ratio of ANGI Homeservices Inc has demonstrated a generally stable and improving liquidity profile over the analyzed period. The ratios predominantly remain above 1.4, signifying that the company maintains sufficient liquid assets to cover its current liabilities without relying on inventory sales or other less liquid assets. The upward trajectory in recent periods suggests a strengthening ability to meet short-term financial commitments, which is favorable from a liquidity risk perspective.
Peer comparison
Mar 31, 2025