IAC Inc. (IAC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,485,040 | 2,240,590 | 2,561,140 | 3,098,890 | 4,119,320 |
| Total current liabilities | US$ in thousands | 886,192 | 950,490 | 1,079,990 | 1,607,660 | 750,901 |
| Current ratio | 2.80 | 2.36 | 2.37 | 1.93 | 5.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,485,040K ÷ $886,192K
= 2.80
The current ratio of IAC Inc. has shown a declining trend over the years. Starting at a relatively high level of 5.49 in December 2020, the ratio has decreased to 1.93 by December 2021, indicating a significant decrease in short-term liquidity. However, there has been a gradual improvement in the ratio since then, reaching 2.37 by December 2022, 2.36 by December 2023, and further improving to 2.80 by December 2024. This suggests that the company's ability to meet its short-term obligations has strengthened over the recent years, although it is still below the initial level observed in 2020. Overall, the current ratio of IAC Inc. has displayed fluctuations but seems to be moving towards a healthier position in terms of short-term financial stability.
Peer comparison
Dec 31, 2024