Maplebear Inc. (CART)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 798,000 | 733,000 | 795,000 | 592,000 | 407,000 |
| Quick ratio | 1.91 | 2.98 | 2.16 | 2.52 | 3.50 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,430,000K
+ $91,000K
+ $—K)
÷ $798,000K
= 1.91
The quick ratio of Maplebear Inc. has shown a gradual decline over the years, starting at 3.50 on December 31, 2020, and decreasing to 2.52 by December 31, 2021. The ratio further decreased to 2.16 on December 31, 2022, indicating a potential liquidity challenge. However, there was a slight improvement to 2.98 on December 31, 2023, suggesting a better ability to meet short-term obligations. The ratio then dropped to 1.91 by December 31, 2024, reflecting a decrease in the company's liquid assets relative to its current liabilities. Overall, while the quick ratio fluctuated, it is essential for Maplebear Inc. to closely monitor its liquidity position to ensure it can effectively cover its short-term liabilities.
Peer comparison
Dec 31, 2024