Alphabet Inc Class C (GOOG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 171,530,000 | 164,795,000 | 188,143,000 | 174,296,000 | 152,578,000 |
| Total current liabilities | US$ in thousands | 81,814,000 | 69,300,000 | 64,254,000 | 56,834,000 | 45,221,000 |
| Current ratio | 2.10 | 2.38 | 2.93 | 3.07 | 3.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $171,530,000K ÷ $81,814,000K
= 2.10
The current ratio of Alphabet Inc, as of December 31, 2023, stands at 2.10. This represents a decrease compared to the previous year, where it was 2.38 as of December 31, 2022, and further decline from 2.93 as of December 31, 2021. The decreasing trend in the current ratio may indicate a potential decrease in the company's ability to cover its short-term liabilities with its current assets. However, it is important to note that a current ratio above 1.0 generally signifies that the company possesses more current assets than current liabilities, suggesting that Alphabet Inc still maintains a healthy margin of safety in meeting its short-term obligations. Nonetheless, management should continue monitoring and managing its current assets and liabilities to ensure the company's liquidity position remains stable.
Peer comparison
Dec 31, 2023