IAC Inc. (IAC)
Cash 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 and cash equivalents | US$ in thousands | 1,798,170 | 1,719,770 | 1,601,780 | 1,506,990 | 1,305,980 | 1,252,210 | 1,326,990 | 1,398,840 | 1,417,390 | 1,607,380 | 1,796,200 | 1,852,600 | 2,118,730 | 3,404,910 | 3,476,070 | 3,915,550 | 3,366,180 | 3,471,710 | 2,447,680 | 2,029,070 |
| Short-term investments | US$ in thousands | 0 | 24,947 | 87,210 | 136,459 | 148,998 | 173,717 | 115,559 | 202,138 | 239,373 | 16,343 | 30,315 | 59,012 | 19,788 | 26,794 | 10,810 | 2,242,700 | 224,979 | 349,953 | 488,990 | 69,912 |
| Total current liabilities | US$ in thousands | 886,192 | 874,516 | 885,019 | 855,461 | 950,490 | 1,023,210 | 1,034,190 | 998,547 | 1,079,990 | 1,085,250 | 1,313,830 | 1,331,540 | 1,607,660 | 748,636 | 642,676 | 776,944 | 750,901 | 780,235 | 704,550 | 663,279 |
| Cash ratio | 2.03 | 2.00 | 1.91 | 1.92 | 1.53 | 1.39 | 1.39 | 1.60 | 1.53 | 1.50 | 1.39 | 1.44 | 1.33 | 4.58 | 5.43 | 7.93 | 4.78 | 4.90 | 4.17 | 3.16 |
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 fluctuations over the given period. The cash ratio measures a company's ability to cover short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
From March 31, 2020, to March 31, 2021, IAC Inc.'s cash ratio steadily increased from 3.16 to 7.93, reflecting an improvement in its ability to cover short-term obligations with cash on hand. However, starting from June 30, 2021, the cash ratio began to decline, reaching a low point of 1.33 by December 31, 2021, indicating a potential deterioration in liquidity.
Subsequently, the cash ratio remained relatively stable around the 1.4 to 1.6 range from March 31, 2022, to March 31, 2024. During this period, the company's ability to cover short-term liabilities with cash showed some improvement but remained lower compared to the peak in March 31, 2021.
By the end of December 31, 2024, the cash ratio had increased to 2.03, suggesting an enhanced liquidity position compared to the lows seen in 2021. It is important for investors and stakeholders to monitor the cash ratio to assess IAC Inc.'s ability to meet its short-term obligations and manage liquidity effectively.
Peer comparison
Dec 31, 2024