IAC Inc. (IAC)
Cash ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 1,798,170 | 1,297,440 | 1,417,390 | 2,118,730 | 3,366,180 |
Short-term investments | US$ in thousands | 0 | 148,998 | 239,373 | 19,788 | 224,979 |
Total current liabilities | US$ in thousands | 886,192 | 950,490 | 1,079,990 | 1,607,660 | 750,901 |
Cash ratio | 2.03 | 1.52 | 1.53 | 1.33 | 4.78 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,798,170K
+ $0K)
÷ $886,192K
= 2.03
The cash ratio of IAC Inc. has shown a gradual decline over the years, decreasing from 4.78 in December 2020 to 1.33 in December 2021. This downward trend suggests that the company may be holding less cash relative to its current liabilities. However, there was a slight improvement in the cash ratio to 1.53 in December 2022, indicating a better ability to cover short-term obligations with its available cash. In December 2023 and 2024, the cash ratio remained relatively stable at 1.52 and 2.03 respectively. Overall, while the cash ratio fluctuated, the company managed to maintain a reasonable level of liquidity to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024