Alphabet Inc Class A (GOOGL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 18,498,000 | 16,032,000 | 16,587,000 | 19,148,000 |
| Short-term investments | US$ in thousands | 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 | 101,177,000 | 105,145,000 | 104,469,000 | 94,340,000 |
| Receivables | US$ in thousands | 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 | 27,492,000 | 21,081,000 | 21,317,000 | 19,260,000 |
| 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 |
| Quick ratio | 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 | 3.25 | 3.63 | 3.85 | 3.80 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($24,048,000K
+ $86,868,000K
+ $47,964,000K)
÷ $81,814,000K
= 1.94
The quick ratio of Alphabet Inc has been consistently stable over the past eight quarters, ranging from 2.01 to 2.85. This indicates the company's ability to meet its short-term obligations using its most liquid assets, such as cash and marketable securities, without relying on inventory. The ratio generally remained above 2, indicating a strong ability to cover short-term liabilities with liquid assets. However, there was a slight decrease in the quick ratio from 2.85 in March 2022 to 2.10 in December 2023, which may warrant further monitoring to ensure the company's continued ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023