Appfolio Inc (APPF)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 335,402 | 272,357 | 201,468 | 158,595 | 199,353 |
| Total current liabilities | US$ in thousands | 63,280 | 69,766 | 61,343 | 52,642 | 49,805 |
| Current ratio | 5.30 | 3.90 | 3.28 | 3.01 | 4.00 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $335,402K ÷ $63,280K
= 5.30
The current ratio of Appfolio Inc has shown a declining trend over the past five years, albeit remaining at healthy levels throughout. As of December 31, 2020, the current ratio was at its highest level of 4.00, indicating a strong ability to meet its short-term obligations with current assets. However, this ratio gradually decreased to 3.01 by December 31, 2021, suggesting a slight reduction in liquidity. Subsequently, there was a slight improvement in the current ratio to 3.28 by December 31, 2022, indicating a better ability to cover short-term liabilities. The trend continued to strengthen with a current ratio of 3.90 by December 31, 2023, and a notable increase to 5.30 by December 31, 2024, showcasing a robust liquidity position and improved capability to meet short-term obligations. Overall, despite the fluctuations, Appfolio Inc has maintained a satisfactory current ratio, reflecting its ability to manage short-term financial commitments effectively.
Peer comparison
Dec 31, 2024