Maplebear Inc. (CART)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,430,000 | 2,137,000 | 1,505,000 | 1,146,000 | 1,217,000 |
| Short-term investments | US$ in thousands | 91,000 | 49,000 | 209,000 | 348,000 | 208,000 |
| Total current liabilities | US$ in thousands | 798,000 | 733,000 | 795,000 | 592,000 | 407,000 |
| Cash ratio | 1.91 | 2.98 | 2.16 | 2.52 | 3.50 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,430,000K
+ $91,000K)
÷ $798,000K
= 1.91
The cash ratio of Maplebear Inc. has shown fluctuations over the past five years. As of December 31, 2020, the cash ratio stood at 3.50, indicating that the company had $3.50 in cash and cash equivalents for every $1 of current liabilities.
Subsequently, the cash ratio decreased to 2.52 by December 31, 2021, and further dropped to 2.16 by December 31, 2022, suggesting a decrease in the company's ability to cover its short-term liabilities solely with its cash reserves.
However, by December 31, 2023, the cash ratio recovered to 2.98, showing improvement in the company's liquidity position. Nevertheless, by December 31, 2024, the cash ratio declined again to 1.91, indicating a decrease in the company's ability to meet its short-term obligations from its cash holdings alone.
Overall, the cash ratio trend of Maplebear Inc. indicates a fluctuating liquidity position over the analyzed period, suggesting the importance of closely monitoring the company's cash management practices to ensure it maintains adequate liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024