Dropbox Inc (DBX)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,516,600	1,489,800	1,849,800	1,227,500	1,243,200
Total current liabilities	US$ in thousands	1,201,500	1,196,500	1,175,800	1,087,800	1,014,800
Current ratio		1.26	1.25	1.57	1.13	1.23

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,516,600K ÷ $1,201,500K
= 1.26

Dropbox Inc's current ratio has fluctuated over the past five years. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. In 2023, the current ratio stands at 1.26, which indicates that the company has $1.26 in current assets for every $1 in current liabilities. This ratio has increased slightly from the previous year but remains relatively stable compared to 2019 and 2020. A current ratio above 1 suggests that Dropbox Inc has sufficient current assets to meet its short-term obligations. It is important for investors and analysts to monitor changes in the current ratio to assess the company's liquidity and financial health.