Duolingo Inc (DUOL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 897,798 | 697,183 | 619,271 |
| Total current liabilities | US$ in thousands | 277,362 | 181,766 | 119,131 |
| Current ratio | 3.24 | 3.84 | 5.20 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $897,798K ÷ $277,362K
= 3.24
Duolingo Inc's current ratio has exhibited a declining trend over the past three years, decreasing from 5.20 in 2021 to 3.84 in 2022, and further dropping to 3.24 in 2023. This declining trend may indicate a potential weakening liquidity position or a shift in the company's asset and liability structure. Although the current ratio remains above 1, suggesting that the company has more than enough current assets to cover its current liabilities, investors and creditors may still monitor this trend closely to ensure that Duolingo Inc maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2023