Maplebear Inc. (CART)
Cash 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,278,000 | 1,288,000 | 1,562,000 | 1,638,000 | 2,274,000 | 2,010,000 | 1,838,000 | 1,691,000 | 1,505,000 | 1,505,000 | 1,406,000 | -1,494,000 | 1,146,000 | 1,146,000 | — | -1,425,000 | 42,094 |
| Short-term investments | US$ in thousands | 91,000 | 20,000 | 9,000 | 20,000 | 49,000 | 56,000 | 125,000 | 168,000 | 209,000 | 209,000 | 348,000 | 2,988,000 | 348,000 | 348,000 | — | 2,850,000 | 63,761 |
| Total current liabilities | US$ in thousands | 798,000 | 820,000 | 750,000 | 716,000 | 733,000 | 683,000 | 682,000 | 709,000 | 795,000 | 795,000 | 693,000 | — | 592,000 | 592,000 | — | — | 9,837 |
| Cash ratio | 1.72 | 1.60 | 2.09 | 2.32 | 3.17 | 3.02 | 2.88 | 2.62 | 2.16 | 2.16 | 2.53 | — | 2.52 | 2.52 | — | — | 10.76 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,278,000K
+ $91,000K)
÷ $798,000K
= 1.72
The cash ratio of Maplebear Inc. has shown varying trends over the periods provided. As of September 30, 2019, the cash ratio was 10.76, indicating that the company had a high level of cash compared to its current liabilities. However, this ratio was not available for both March 31, 2021, and June 30, 2021.
Subsequently, the cash ratio declined to 2.52 as of September 30, 2021, and remained at the same level as of December 31, 2021. From June 30, 2022, the cash ratio increased slightly to 2.53. This trend continued to fluctuate with a ratio of 2.16 as of September 30, 2022, and December 31, 2022.
There was a noticeable improvement in the cash ratio as of March 31, 2023, reaching 2.62, and further increasing to 2.88 by June 30, 2023. The ratio continued to show a positive trend, reaching 3.17 as of December 31, 2023.
However, the cash ratio decreased to 2.32 as of March 31, 2024, and further dropped to 2.09 as of June 30, 2024. The ratio experienced a significant decline to 1.60 as of September 30, 2024, and slightly recovered to 1.72 as of December 31, 2024.
Overall, the cash ratio of Maplebear Inc. has demonstrated fluctuations, indicating changes in the company's ability to cover its current liabilities solely with cash. It is essential for the company to maintain a healthy cash ratio to ensure liquidity and meet short-term obligations effectively.
Peer comparison
Dec 31, 2024