Dropbox Inc (DBX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,738,400 | 1,516,600 | 1,489,800 | 1,849,800 | 1,227,500 |
| Total current liabilities | US$ in thousands | 1,210,800 | 1,201,500 | 1,196,500 | 1,175,800 | 1,087,800 |
| Current ratio | 1.44 | 1.26 | 1.25 | 1.57 | 1.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,738,400K ÷ $1,210,800K
= 1.44
Dropbox Inc's current ratio has shown fluctuations over the past five years. The current ratio measures the company's ability to meet short-term obligations with its current assets. As of December 31, 2020, the current ratio was 1.13, indicating that the company had just enough current assets to cover its current liabilities.
However, by December 31, 2021, the current ratio improved to 1.57, suggesting a stronger position in meeting short-term obligations. The ratio dipped slightly to 1.25 by December 31, 2022, but remained above 1, indicating continued ability to cover current liabilities with current assets.
As of December 31, 2023, the current ratio was 1.26, showing stability in the company's short-term liquidity position. By December 31, 2024, the current ratio increased to 1.44, indicating a further improvement in the company's ability to meet short-term obligations.
In summary, Dropbox Inc's current ratio has exhibited variability but generally indicates a solid ability to cover short-term liabilities with current assets over the past five years.
Peer comparison
Dec 31, 2024