Cars.com Inc (CARS)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 50,673 | 49,573 | 29,071 | 31,363 | 39,198 | 49,085 | 28,605 | 18,838 | 31,715 | 31,920 | 18,134 | 30,453 | 39,069 | 51,507 | 52,185 | 53,724 | 67,719 | 43,769 | 56,945 | 187,344 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 19,394 | — | — | — | 16,274 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 116,885 | 111,389 | 116,585 | 109,364 | 145,748 | 130,965 | 120,563 | 107,348 | 106,012 | 106,229 | 84,825 | 95,802 | 94,290 | 96,387 | 95,972 | 98,422 | 90,368 | 112,876 | 94,999 | 98,310 |
| Quick ratio | 0.43 | 0.45 | 0.25 | 0.29 | 0.27 | 0.37 | 0.24 | 0.18 | 0.30 | 0.30 | 0.21 | 0.32 | 0.41 | 0.74 | 0.54 | 0.55 | 0.75 | 0.53 | 0.60 | 1.91 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,673K
+ $—K
+ $—K)
÷ $116,885K
= 0.43
The quick ratio of Cars.com Inc has shown fluctuations over the past several quarters. Starting at a relatively high level of 1.91 on March 31, 2020, it dropped to 0.60 on June 30, 2020, indicating a potential liquidity concern. The ratio further decreased to 0.53 on September 30, 2020, and recovered slightly to 0.75 on December 31, 2020.
However, the quick ratio declined again to 0.55 on March 31, 2021, and remained relatively stable around 0.5 levels for the subsequent quarters until June 30, 2021, when it decreased to 0.54. The ratio saw a slight improvement to 0.74 on September 30, 2021, which was followed by a decrease to 0.41 on December 31, 2021.
Subsequently, the quick ratio continued to fluctuate within a narrow range, with values of 0.32 on March 31, 2022, 0.21 on June 30, 2022, and 0.30 on September 30, 2022 as well as December 31, 2022, indicating ongoing challenges in liquidity management.
The trend continued with a ratio of 0.18 on March 31, 2023, showing a further decline in liquidity, and a partial recovery to 0.24 on June 30, 2023. The ratio improved to 0.37 on September 30, 2023, before decreasing again to 0.27 on December 31, 2023.
The quick ratio experienced some fluctuations in the subsequent periods, presenting values of 0.29 on March 31, 2024, 0.25 on June 30, 2024, and trending upwards to 0.45 on September 30, 2024, and 0.43 on December 31, 2024. Overall, the downward trend in the quick ratio over the analyzed period suggests potential challenges in the company's ability to meet its short-term obligations with its most liquid assets.
Peer comparison
Dec 31, 2024