Dropbox Inc (DBX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,328,300 | 517,600 | 515,100 | 548,900 | 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 | 334,100 | 486,400 |
| Short-term investments | US$ in thousands | 265,900 | 373,200 | 547,400 | 627,000 | 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 | 783,500 | 614,400 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.32 | 0.74 | 0.90 | 1.01 | 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 |
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
The quick ratio of Dropbox Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuation over the years.
As of December 31, 2024, the quick ratio stood at 1.32, indicating that the company had $1.32 of liquid assets available to cover each dollar of its current liabilities. This suggests a strong short-term liquidity position.
However, it is worth noting that the quick ratio has displayed variability over time. The ratio peaked at 1.78 on March 31, 2021, signaling a significant liquidity improvement, but then declined to 0.74 on September 30, 2024, which could raise concerns about the company's ability to meet its short-term obligations efficiently during that period.
Overall, the quick ratio trend of Dropbox Inc demonstrates fluctuations, and it is important for stakeholders to monitor this ratio regularly to assess the company's liquidity position accurately and make informed decisions.
Peer comparison
Dec 31, 2024