Alphabet Inc Class C (GOOG)
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 | 23,466,000 | 19,959,000 | 27,225,000 | 24,493,000 | 24,048,000 | 30,702,000 | 25,929,000 | 25,924,000 | 21,879,000 | 21,984,000 | 17,936,000 | 20,886,000 | 20,945,000 | 23,719,000 | 23,630,000 | 26,622,000 | 26,465,000 | 20,129,000 | 17,742,000 | 19,644,000 |
| Short-term investments | US$ in thousands | 72,191,000 | 73,271,000 | 73,500,000 | 83,597,000 | 86,868,000 | 89,233,000 | 92,403,000 | 89,178,000 | 91,883,000 | 94,275,000 | 107,061,000 | 113,084,000 | 118,704,000 | 118,284,000 | 112,233,000 | 108,482,000 | 110,229,000 | 112,467,000 | 103,338,000 | 97,585,000 |
| Total current liabilities | US$ in thousands | 89,122,000 | 80,803,000 | 77,913,000 | 76,997,000 | 81,814,000 | 86,295,000 | 77,709,000 | 68,854,000 | 69,300,000 | 65,979,000 | 61,354,000 | 61,948,000 | 64,254,000 | 61,782,000 | 55,741,000 | 55,453,000 | 56,834,000 | 48,200,000 | 43,658,000 | 40,189,000 |
| Cash ratio | 1.07 | 1.15 | 1.29 | 1.40 | 1.36 | 1.39 | 1.52 | 1.67 | 1.64 | 1.76 | 2.04 | 2.16 | 2.17 | 2.30 | 2.44 | 2.44 | 2.41 | 2.75 | 2.77 | 2.92 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($23,466,000K
+ $72,191,000K)
÷ $89,122,000K
= 1.07
The cash ratio of Alphabet Inc Class C, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has been fluctuating over the past few years. As of December 31, 2024, the cash ratio stood at 1.07, indicating that the company had $1.07 in cash and cash equivalents for every $1 of its short-term liabilities.
It is worth noting that the cash ratio has been gradually decreasing from a high of 2.92 on March 31, 2020, to the current level of 1.07 on December 31, 2024. This downward trend suggests that Alphabet Inc Class C may be less capable of meeting its short-term obligations solely with its cash reserves.
A declining cash ratio over time could raise concerns about the company's liquidity position and its ability to handle unexpected financial challenges. Investors and stakeholders may want to monitor this trend closely to assess Alphabet Inc Class C's financial health and risk exposure.
Peer comparison
Dec 31, 2024