Godaddy Inc (GDDY)

Quick 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	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
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick 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

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 exhibited some fluctuations over the period under review. The quick ratio, which measures the company's ability to cover its short-term obligations with its most liquid assets, ranged from a low of 0.19 to a high of 0.57.

The trend analysis shows that the quick ratio generally increased from March 2020 to June 2021, indicating an improvement in the company's short-term liquidity position. However, there was some volatility in the ratio in the subsequent periods, with fluctuations observed between 0.30 and 0.19.

Overall, the quick ratio of Godaddy Inc suggests that the company may have faced challenges in maintaining sufficient liquid assets to cover its short-term liabilities consistently. It is important for investors and stakeholders to closely monitor this ratio to assess the company's financial health and ability to meet its short-term obligations.