Dropbox Inc (DBX)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	1,738,400	1,045,500	1,207,700	1,315,800	1,493,200	1,467,100	1,380,500	1,399,700	1,489,800	1,579,700	1,593,100	1,622,900	1,849,800	2,056,300	2,067,300	2,034,000	1,227,500	1,330,200	1,222,300	1,195,200
Total current liabilities	US$ in thousands	1,210,800	1,202,100	1,184,000	1,166,800	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
Current ratio		1.44	0.87	1.02	1.13	1.24	1.23	1.17	1.21	1.25	1.37	1.40	1.45	1.57	1.75	1.84	1.89	1.13	1.30	1.24	1.23

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 fluctuated over the periods provided. The current ratio reflects the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

From March 31, 2020, to December 31, 2021, Dropbox Inc's current ratio generally remained above 1, indicating a healthy position in terms of liquidity. However, there was a noticeable decline in the current ratio from March 31, 2021, to December 31, 2021.

The current ratio continued to decline from December 31, 2021, reaching a low point of 0.87 on September 30, 2024, which suggests potential challenges in meeting short-term obligations with current assets.

The current ratio then showed improvement, reaching 1.44 by December 31, 2024. It is important for investors and stakeholders to monitor the current ratio trend to assess Dropbox Inc's liquidity position and ability to cover its short-term obligations.