DoorDash, Inc. Class A Common Stock (DASH)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,386,000 | 5,597,000 | 4,720,000 | 4,565,000 | 5,517,000 |
| Total current liabilities | US$ in thousands | 4,438,000 | 3,410,000 | 2,544,000 | 1,760,000 | 1,402,000 |
| Current ratio | 1.66 | 1.64 | 1.86 | 2.59 | 3.94 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,386,000K ÷ $4,438,000K
= 1.66
The current ratio of DoorDash, Inc. Class A Common Stock has exhibited a declining trend over the period from December 31, 2020, through December 31, 2024. Specifically, the current ratio decreased from 3.94 in 2020 to 2.59 in 2021, which indicates a significant reduction in the company's liquidity position during that year. The decline continued in 2022, with the ratio falling to 1.86, further suggesting a weakening ability to cover short-term liabilities with short-term assets.
By the end of 2023, the current ratio reached 1.64, and it remained relatively stable with a slight increase to 1.66 in 2024. Despite this incremental upward movement, the ratio still reflects a more cautious liquidity stance compared to earlier years.
Overall, the trend demonstrates a consistent decrease in liquidity over the observed period, transitioning from a comfortably high ratio above 3.9 in 2020 to a more modest, albeit acceptable, level near 1.66 in 2024. This pattern may indicate changes in the company's short-term asset composition, liabilities management, or operating cycle, warranting continued observation to assess potential implications for financial stability and operational flexibility.
Peer comparison
Dec 31, 2024