Maplebear Inc. (CART)

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	Sep 30, 2019
Total current assets	US$ in thousands	2,697,000	2,509,000	2,585,000	2,707,000	3,305,000	3,073,000	2,896,000	2,810,000	2,740,000	2,740,000	2,553,000	1,494,000	2,395,000	2,395,000	—	1,425,000	107,569
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
Current ratio		3.38	3.06	3.45	3.78	4.51	4.50	4.25	3.96	3.45	3.45	3.68	—	4.05	4.05	—	—	10.94

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,697,000K ÷ $798,000K
= 3.38

Maplebear Inc.'s current ratio has displayed fluctuations over the reporting periods provided. The current ratio represents the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

As of December 31, 2023, the current ratio was 4.51, indicating that Maplebear Inc. had $4.51 in current assets for every $1 of current liabilities. This suggests a healthy liquidity position. However, by June 30, 2024, the current ratio had declined to 3.45, signifying a decrease in liquidity.

The trend continued, with the current ratio further decreasing to 3.06 by September 30, 2024. This decline could be a cause for concern as it may indicate difficulties in meeting short-term obligations. The company's ability to convert its current assets into cash may be weakening.

Overall, Maplebear Inc.'s current ratio has fluctuated over the periods provided, where higher ratios suggest better liquidity positions, while lower ratios may signal potential liquidity challenges. Monitoring these fluctuations closely and identifying the underlying reasons for the changes is crucial for assessing the company's financial health.