Etsy Inc (ETSY)
Current ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 1,570,450 | 1,513,740 | 1,341,500 | 1,894,780 | 921,038 |
Total current liabilities | US$ in thousands | 710,781 | 631,755 | 615,588 | 454,664 | 188,528 |
Current ratio | 2.21 | 2.40 | 2.18 | 4.17 | 4.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,570,450K ÷ $710,781K
= 2.21
The current ratio of Etsy Inc has shown some fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 2.21, a decrease from the previous year's ratio of 2.40. This indicates that the company's current assets may have decreased relative to its current liabilities compared to the prior year.
Looking back, in 2021, the current ratio was 2.18, showing a slight improvement from the year before, but still lower than the ratio in 2020, which was relatively high at 4.17. The current ratio was even higher in 2019 at 4.89, indicating a stronger ability to cover short-term obligations with current assets.
Overall, while the current ratio of Etsy Inc has fluctuated in recent years, it remains above 1, which suggests that the company has more than enough current assets to cover its current liabilities. However, the decreasing trend in the current ratio over the past two years may indicate a need for closer monitoring of the company's liquidity position.
Peer comparison
Dec 31, 2023