DoorDash, Inc. Class A Common Stock (DASH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,019,000 | 2,656,000 | 1,977,000 | 2,504,000 | 4,345,000 |
| Short-term investments | US$ in thousands | 1,322,000 | 1,422,000 | 1,544,000 | 1,253,000 | 514,000 |
| Receivables | US$ in thousands | 865,000 | 533,000 | 400,000 | 349,000 | 291,000 |
| Total current liabilities | US$ in thousands | 4,438,000 | 3,410,000 | 2,544,000 | 1,760,000 | 1,402,000 |
| Quick ratio | 1.40 | 1.35 | 1.54 | 2.33 | 3.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,019,000K
+ $1,322,000K
+ $865,000K)
÷ $4,438,000K
= 1.40
The quick ratio of DoorDash, Inc. Class A Common Stock exhibits a declining trend over the observed period from December 31, 2020, to December 31, 2024. Specifically, the ratio stood at 3.67 in 2020, indicating a strong liquidity position characterized by a substantial proportion of liquid assets relative to current liabilities. By the end of 2021, the quick ratio decreased to 2.33, reflecting a reduction in liquidity but still maintaining a comfortable buffer of liquid assets over current obligations.
The downward trajectory continues in 2022, with the ratio falling to 1.54. This notable decline suggests that the company's liquidity position has weakened considerably over this period. The ratio further diminished to 1.35 in 2023, approaching a level that indicates a tighter liquidity cushion but still above the commonly referenced threshold of 1.0, which suggests that liquid assets are just sufficient to cover current liabilities.
In 2024, the quick ratio experienced a slight increase to 1.40, signaling a minor improvement in liquidity. Despite this increase, the ratio remains significantly lower than the 2020 level, indicating a continued trend toward a more conservative liquidity buffer. Overall, the data depicts an erosion in immediate liquidity over the four-year span, highlighting the company's decreasing capacity to meet short-term liabilities with its most liquid assets.
Peer comparison
Dec 31, 2024