CarGurus (CARG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 391,206 | 391,191 | 557,366 | 563,108 | 331,976 |
| Total current liabilities | US$ in thousands | 93,051 | 115,178 | 98,733 | 170,709 | 66,536 |
| Current ratio | 4.20 | 3.40 | 5.65 | 3.30 | 4.99 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $391,206K ÷ $93,051K
= 4.20
The current ratio of CarGurus has shown some fluctuations over the years based on the provided data. In December 31, 2020, the current ratio was 4.99, indicating a strong liquidity position. However, by December 31, 2021, the current ratio decreased to 3.30, suggesting a slight decrease in liquidity. Subsequently, in December 31, 2022, the current ratio improved significantly to 5.65, reflecting a more robust liquidity position.
However, by December 31, 2023, the current ratio fell to 3.40, indicating a decrease in liquidity compared to the previous year. Nevertheless, in December 31, 2024, the current ratio showed some improvement to 4.20, although it remained below the level observed in 2022.
Overall, the trend in the current ratio indicates fluctuations in CarGurus' short-term liquidity position over the years, with some years showing stronger liquidity positions than others. It is important for the company to monitor and manage its current assets and current liabilities effectively to maintain a healthy liquidity position for operational stability.
Peer comparison
Dec 31, 2024