Godaddy Inc (GDDY)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,951,800 | 1,255,900 | 1,582,600 | 1,889,800 | 1,291,300 |
| Total current liabilities | US$ in thousands | 2,698,400 | 2,683,100 | 2,459,800 | 2,436,700 | 2,314,200 |
| Current ratio | 0.72 | 0.47 | 0.64 | 0.78 | 0.56 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,951,800K ÷ $2,698,400K
= 0.72
The current ratio of Godaddy Inc has exhibited fluctuations over the past five years. As of December 31, 2020, the current ratio was 0.56, indicating that the company had more current liabilities than current assets at that time. However, by December 31, 2021, the current ratio improved to 0.78, suggesting a better liquidity position with slightly more current assets to cover current liabilities.
In the following years, the current ratio experienced further variations. By December 31, 2022, the current ratio decreased to 0.64, indicating a slight decline in liquidity compared to the previous year. However, the ratio dropped significantly to 0.47 by December 31, 2023, signaling a potential liquidity concern as current liabilities outweighed current assets considerably.
Despite the setback in 2023, the current ratio improved to 0.72 as of December 31, 2024, reflecting a better liquidity position compared to the previous year. Overall, the fluctuating trend in the current ratio of Godaddy Inc suggests varying levels of liquidity and ability to meet short-term obligations over the analyzed period.
Peer comparison
Dec 31, 2024