Godaddy Inc (GDDY)

Cash 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 and cash equivalents	US$ in thousands	1,089,000	767,100	444,900	664,000	458,800	329,200	582,600	892,400	774,000	826,200	770,400	742,700	1,255,700	1,143,400	1,375,200	1,293,100	765,200	621,800	772,700	851,400
Short-term investments	US$ in thousands	0	0	143,200	148,500	40,000	211,300	173,800	163,200	173,000	302,500	146,100	65,800	24,700	19,100	15,900	24,600	2,000	0	0	0
Total current liabilities	US$ in thousands	2,698,400	2,784,500	2,707,200	2,722,300	2,683,100	2,647,600	2,616,600	2,599,300	2,459,800	2,475,500	2,457,600	2,474,000	2,436,700	2,485,000	2,456,500	2,395,000	2,314,200	2,237,700	2,972,300	2,124,000
Cash ratio		0.40	0.28	0.22	0.30	0.19	0.20	0.29	0.41	0.38	0.46	0.37	0.33	0.53	0.47	0.57	0.55	0.33	0.28	0.26	0.40

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,089,000K + $0K) ÷ $2,698,400K
= 0.40

The cash ratio of Godaddy Inc has shown variations over the periods analyzed. The ratio provides an indication of the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The cash ratio was relatively stable from March 2020 to September 2021, fluctuating between 0.26 and 0.57. It peaked at 0.57 in June 2021, indicating the company had a higher proportion of cash to cover its current liabilities.

Subsequently, the cash ratio decreased in the following periods but remained above 0.30 until March 2023, when it dropped to 0.29. Notably, the ratio hit its lowest point at 0.19 in December 2023, suggesting a potential liquidity challenge for the company at that time.

However, there was a slight recovery in the cash ratio from March 2024 onwards, with the ratio ranging between 0.22 and 0.40. The most recent data point as of December 2024 shows the cash ratio standing at 0.40.

Overall, the cash ratio of Godaddy Inc reflects fluctuations in its cash position relative to its short-term obligations, highlighting the importance of monitoring liquidity levels for financial health and stability.