Alphabet Inc Class C (GOOG)
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 | 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 |
| Receivables | US$ in thousands | 52,340,000 | 49,104,000 | 47,087,000 | 44,552,000 | 47,964,000 | 41,020,000 | 38,804,000 | 36,036,000 | 40,258,000 | 36,176,000 | 37,073,000 | 35,622,000 | 40,270,000 | 34,800,000 | 32,851,000 | 28,499,000 | 31,384,000 | 25,513,000 | 21,595,000 | 23,735,000 |
| 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 |
| Quick ratio | 1.66 | 1.76 | 1.90 | 1.98 | 1.94 | 1.87 | 2.02 | 2.20 | 2.22 | 2.31 | 2.64 | 2.74 | 2.80 | 2.86 | 3.03 | 2.95 | 2.96 | 3.28 | 3.27 | 3.51 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($23,466,000K
+ $72,191,000K
+ $52,340,000K)
÷ $89,122,000K
= 1.66
The quick ratio of Alphabet Inc Class C, a measure of its short-term liquidity, has shown a gradual decline from 3.51 as of March 31, 2020, to 1.66 as of December 31, 2024. Generally, a higher quick ratio is favorable as it indicates the company's ability to cover its short-term liabilities with its most liquid assets.
Despite the downward trend, Alphabet Inc Class C has maintained a quick ratio above 1 throughout the period, suggesting that it has ample liquid assets to meet its short-term obligations. However, the decreasing trend may indicate a potential tightening of liquidity over time, which could be a concern if the trend continues. It would be important for investors and stakeholders to monitor this ratio closely to ensure the company's financial health and ability to meet its short-term obligations in a timely manner.
Peer comparison
Dec 31, 2024