Dropbox Inc (DBX)
Cash ratio
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 614,900 | 604,300 | 510,300 | 332,700 | 232,800 | 372,000 | 352,100 | 445,500 | 533,000 | 688,900 | 885,300 | 845,500 | 314,900 | 452,700 | 334,200 | 486,400 | 551,300 | 443,200 | 343,600 | 359,200 |
| Short-term investments | US$ in thousands | 741,100 | 704,600 | 717,200 | 920,400 | 1,110,600 | 1,081,400 | 1,094,200 | 1,050,100 | 1,185,100 | 1,239,800 | 1,058,900 | 1,070,900 | 806,400 | 773,800 | 783,400 | 614,400 | 607,700 | 587,700 | 629,200 | 556,000 |
| Total current liabilities | US$ in thousands | 1,201,500 | 1,196,800 | 1,177,200 | 1,152,500 | 1,196,500 | 1,156,400 | 1,135,700 | 1,117,400 | 1,175,800 | 1,175,100 | 1,125,000 | 1,074,900 | 1,087,800 | 1,026,900 | 981,800 | 970,800 | 1,014,800 | 948,300 | 903,100 | 865,800 |
| Cash ratio | 1.13 | 1.09 | 1.04 | 1.09 | 1.12 | 1.26 | 1.27 | 1.34 | 1.46 | 1.64 | 1.73 | 1.78 | 1.03 | 1.19 | 1.14 | 1.13 | 1.14 | 1.09 | 1.08 | 1.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($614,900K
+ $741,100K)
÷ $1,201,500K
= 1.13
The cash ratio for Dropbox Inc has displayed some fluctuations over the past eight quarters. In Q1 2022, the cash ratio was at its highest point of 1.41, indicating that the company had $1.41 in cash and cash equivalents for every dollar of current liabilities. Subsequently, there was a downward trend in the cash ratio for the next three quarters, reaching its lowest point at 1.12 in Q2 2023. This suggests a slight decrease in the company's liquidity position during that period.
However, the cash ratio saw a slight improvement in Q3 2023 at 1.17 and further increased to 1.21 in Q4 2023. While the ratio has not yet returned to the peak level observed in Q1 2022, the upward trend in the most recent quarters indicates an improvement in Dropbox Inc's ability to cover its short-term obligations with cash and cash equivalents. Overall, the company appears to have maintained a reasonably strong liquidity position, albeit with some fluctuations in the cash ratio over the analyzed period.
Peer comparison
Dec 31, 2023