IAC Inc. (IAC)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,798,170K
+ $0K
+ $—K)
÷ $886,192K
= 2.03
The quick ratio of IAC Inc. has shown fluctuations over the given period. Starting at a healthy level of 3.16 on March 31, 2020, the quick ratio improved steadily, reaching its peak at 7.93 on March 31, 2021. This indicates the company had a strong ability to meet its short-term obligations using its liquid assets.
However, from June 30, 2021, to December 31, 2021, there was a significant decline in the quick ratio, dropping from 5.43 to 1.33. This suggests a potential liquidity issue during that period.
In the subsequent quarters, the quick ratio fluctuated within the range of 1.33 to 2.03, indicating some variability in the company's ability to cover its short-term liabilities with its quick assets. Overall, while the quick ratio improved from the initial period, it is essential to monitor its levels consistently to ensure the company's liquidity position remains stable and adequate to meet its obligations.
Peer comparison
Dec 31, 2024