IAC Inc. (IAC)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,311,160 | 2,240,590 | 2,212,050 | 2,198,410 | 2,379,720 | 2,561,140 | 2,481,160 | 2,738,490 | 2,784,300 | 3,076,220 | 3,912,630 | 3,888,770 | 4,384,840 | 4,119,320 |
| Total current liabilities | US$ in thousands | 855,461 | 950,490 | 1,023,210 | 1,034,190 | 998,547 | 1,079,990 | 1,085,250 | 1,313,830 | 1,331,540 | 1,381,500 | 748,636 | 642,676 | 776,944 | 750,901 |
| Current ratio | 2.70 | 2.36 | 2.16 | 2.13 | 2.38 | 2.37 | 2.29 | 2.08 | 2.09 | 2.23 | 5.23 | 6.05 | 5.64 | 5.49 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,311,160K ÷ $855,461K
= 2.70
The current ratio of IAC Inc. has shown fluctuations over the past few quarters. The current ratio measures the company's ability to pay its short-term obligations with its current assets, and a higher ratio indicates a stronger liquidity position.
In the most recent quarter (March 31, 2024), IAC Inc. had a current ratio of 2.70, which signifies that the company had $2.70 in current assets for every $1 in current liabilities. This reflects an improvement from the previous quarter (December 31, 2023) where the ratio was 2.36.
Looking back over the past year, the current ratio has varied, with a notable spike in the September and December 2021 quarters where the ratio was significantly higher at 5.23 and 6.05, respectively. This increase could suggest an increase in current assets or a decrease in current liabilities during those periods.
Overall, the current ratio analysis indicates that IAC Inc. has maintained a healthy liquidity position, as the ratio has generally remained above 2, which is often considered a benchmark for a strong current ratio. However, the fluctuation in the ratio over time may indicate changes in the company's working capital management or shifts in its short-term assets and liabilities. Monitoring these trends can provide insights into the company's financial health and liquidity management.
Peer comparison
Mar 31, 2024