Godaddy Inc (GDDY)

Current 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
Total current assets	US$ in thousands	1,951,800	1,554,200	1,297,200	1,495,800	1,255,900	1,199,300	1,411,800	1,730,100	1,582,600	1,769,800	1,551,700	1,443,700	1,889,800	1,769,500	1,990,800	1,891,700	1,291,300	1,135,900	1,304,500	1,365,600
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
Current ratio		0.72	0.56	0.48	0.55	0.47	0.45	0.54	0.67	0.64	0.71	0.63	0.58	0.78	0.71	0.81	0.79	0.56	0.51	0.44	0.64

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 period under review. The trend shows a gradual increase from a low of 0.44 as of June 30, 2020, reaching a peak of 0.81 by June 30, 2021. Subsequently, there was a slight decline in the ratio to 0.54 as of June 30, 2023, before picking up again to 0.72 by December 31, 2024.

The current ratio measures a company's ability to cover its short-term obligations with its current assets, with a ratio of 1 or higher indicating good short-term liquidity. Although the ratio has shown variability, overall, it has generally remained below 1, suggesting that Godaddy Inc may have faced challenges in meeting its short-term obligations with its current assets during certain periods within the reviewed timeframe. Further analysis of the company's current assets and liabilities composition would be necessary to gain a deeper understanding of the factors impacting the current ratio fluctuations.