Godaddy Inc (GDDY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,089,000 | 458,800 | 774,000 | 1,255,700 | 765,200 |
| Short-term investments | US$ in thousands | 0 | 40,000 | 173,000 | 24,700 | 2,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,698,400 | 2,683,100 | 2,459,800 | 2,436,700 | 2,314,200 |
| Quick ratio | 0.40 | 0.19 | 0.38 | 0.53 | 0.33 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,089,000K
+ $0K
+ $—K)
÷ $2,698,400K
= 0.40
The quick ratio of Godaddy Inc has fluctuated over the years. It was 0.33 as of December 31, 2020, and improved to 0.53 by December 31, 2021. However, the ratio decreased to 0.38 by December 31, 2022, and further dropped to 0.19 by December 31, 2023. It then rebounded to 0.40 as of December 31, 2024. These variations indicate changes in the company's ability to meet its short-term obligations using its most liquid assets. The company should closely monitor this ratio to ensure it maintains a healthy liquidity position.
Peer comparison
Dec 31, 2024