Appfolio Inc (APPF)

Current ratio

		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	Mar 31, 2020
Total current assets	US$ in thousands	335,402	395,143	348,797	306,666	272,357	239,877	209,482	211,878	201,468	176,794	156,383	169,574	158,595	197,376	189,867	181,452	199,353	201,853	102,744	92,710
Total current liabilities	US$ in thousands	63,280	63,697	63,349	56,057	69,766	74,147	74,711	79,827	61,343	57,765	54,719	54,020	52,642	49,202	48,785	43,037	49,805	56,151	47,307	38,649
Current ratio		5.30	6.20	5.51	5.47	3.90	3.24	2.80	2.65	3.28	3.06	2.86	3.14	3.01	4.01	3.89	4.22	4.00	3.59	2.17	2.40

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 fluctuations over the past few years, ranging from 2.17 to 6.20. It is a measure of the company's short-term liquidity and ability to meet its current obligations.

The trend indicates a general increase in the current ratio from June 2020 to September 2024, reaching its peak at 6.20, which suggests that the company had improved its short-term liquidity position during this period. However, there are fluctuations in the ratio in some quarters, indicating potential variations in the company's ability to cover its short-term liabilities.

A current ratio above 1 implies that the company has more current assets than current liabilities, which is generally considered healthy. Appfolio Inc has consistently maintained a current ratio above 1 throughout the period, indicating a strong ability to cover its short-term obligations.

Overall, the current ratio of Appfolio Inc reflects positively on the company's short-term liquidity position, showing an improving trend over the years with some fluctuations in between.