Dropbox Inc (DBX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,328,300 | 614,900 | 232,800 | 533,000 | 314,900 |
| Short-term investments | US$ in thousands | 265,900 | 741,100 | 1,110,600 | 1,185,100 | 806,400 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,210,800 | 1,201,500 | 1,196,500 | 1,175,800 | 1,087,800 |
| Quick ratio | 1.32 | 1.13 | 1.12 | 1.46 | 1.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,328,300K
+ $265,900K
+ $—K)
÷ $1,210,800K
= 1.32
Dropbox Inc's quick ratio has fluctuated over the past five years. In December 2020, the quick ratio was at 1.03, indicating that the company had just enough liquid assets to cover its current liabilities. By December 2021, the quick ratio had improved to 1.46, suggesting that Dropbox had increased its liquidity position significantly. However, in the following two years, the quick ratio dropped to 1.12 and 1.13, respectively, signaling a slight decrease in liquidity. By December 2024, the quick ratio rose to 1.32, indicating a positive trend towards having more liquid assets readily available to cover short-term obligations. Overall, Dropbox Inc maintains a relatively healthy quick ratio, showing a general ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024