Alphabet Inc Class A (GOOGL)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	171,530,000	176,310,000	168,788,000	161,985,000	164,795,000	166,109,000	172,371,000	177,853,000	188,143,000	184,110,000	175,697,000	172,137,000	174,296,000	164,369,000	149,069,000	147,018,000	152,578,000	148,358,000	147,437,000	138,207,000
Total current liabilities	US$ in thousands	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	45,221,000	39,224,000	37,000,000	34,910,000
Current ratio		2.10	2.04	2.17	2.35	2.38	2.52	2.81	2.87	2.93	2.98	3.15	3.10	3.07	3.41	3.41	3.66	3.37	3.78	3.98	3.96

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 has fluctuated over the past eight quarters. For the most recent quarter ending December 31, 2023, the company's current ratio was 2.10, indicating that the company has $2.10 in current assets for every $1 in current liabilities. This suggests that the company has a healthy level of current assets to cover its short-term obligations. However, it's worth noting that the current ratio has been gradually declining from a high of 2.87 in the first quarter of 2022 to the current level. This trend may indicate a slight decrease in the company's liquidity and ability to meet short-term obligations. Overall, while the current ratio remains above 2, indicating a strong position in the short term, monitoring the trend over time will be important to assess any potential impact on the company's financial health.