Etsy Inc (ETSY)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,570,450	1,343,860	1,413,760	1,344,950	1,513,740	1,352,110	1,320,220	1,295,140	1,341,500	1,077,330	2,690,980	1,893,620	1,894,780	1,697,830	1,194,340	906,952	921,038	945,840	743,653	724,001
Total current liabilities	US$ in thousands	710,781	548,817	503,219	499,113	631,755	497,246	449,902	483,205	615,588	471,007	407,000	427,045	454,664	340,942	279,579	158,849	188,528	154,707	166,510	148,675
Current ratio		2.21	2.45	2.81	2.69	2.40	2.72	2.93	2.68	2.18	2.29	6.61	4.43	4.17	4.98	4.27	5.71	4.89	6.11	4.47	4.87

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,570,450K ÷ $710,781K
= 2.21

Etsy Inc's current ratio has displayed some fluctuations over the past eight quarters, ranging from 2.21 to 2.93. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign.

In the most recent quarter, Q4 2023, Etsy Inc's current ratio stands at 2.21, which is lower than the previous three quarters but still above the industry average. This indicates that the company may have slightly less liquidity to cover its short-term obligations compared to previous periods.

While the current ratio has fluctuated, it has generally remained above 2 over the analyzed period, signaling that Etsy Inc has a strong ability to meet its short-term obligations. Investors and stakeholders should continue to monitor the trend in the company's current ratio to assess its liquidity position and financial health.