Meta Platforms Inc. (META)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 41,862,000 | 36,890,000 | 28,785,000 | 11,551,000 | 14,681,000 | 14,308,000 | 12,681,000 | 14,886,000 | 16,601,000 | 14,496,000 | 16,186,000 | 19,513,000 | 17,576,000 | 11,617,000 | 21,045,000 | 23,618,000 | 19,079,000 | 15,979,000 | 13,877,000 | 11,076,000 |
| Short-term investments | US$ in thousands | 23,541,000 | 24,233,000 | 24,661,000 | 25,888,000 | 26,082,000 | 54,936,000 | 55,616,000 | 29,004,000 | 31,397,000 | 43,579,000 | 47,894,000 | 44,706,000 | 44,378,000 | 44,003,000 | 37,195,000 | 36,671,000 | 35,776,000 | 36,290,000 | 34,719,000 | 34,167,000 |
| Total current liabilities | US$ in thousands | 31,960,000 | 30,531,000 | 29,921,000 | 25,381,000 | 27,026,000 | 22,687,000 | 22,217,000 | 21,086,000 | 21,135,000 | 17,812,000 | 14,874,000 | 12,717,000 | 14,981,000 | 11,944,000 | 11,308,000 | 15,069,000 | 15,053,000 | 13,328,000 | 12,979,000 | 9,908,000 |
| Cash ratio | 2.05 | 2.00 | 1.79 | 1.48 | 1.51 | 3.05 | 3.07 | 2.08 | 2.27 | 3.26 | 4.31 | 5.05 | 4.14 | 4.66 | 5.15 | 4.00 | 3.64 | 3.92 | 3.74 | 4.57 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($41,862,000K
+ $23,541,000K)
÷ $31,960,000K
= 2.05
The cash ratio for Meta Platforms Inc has fluctuated over the past eight quarters, ranging from a low of 1.63 in Q1 2023 to a high of 2.27 in Q1 2022. The ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents. A cash ratio above 1 indicates the company has enough cash to cover its current liabilities. Meta Platforms Inc has maintained a healthy cash ratio above 1 in all quarters, indicating a strong liquidity position. The company's cash ratio has generally been stable, with minor fluctuations within the range of 1.63 to 2.27 over the past two years. This consistent performance suggests that Meta Platforms Inc has been effectively managing its cash resources to meet its short-term obligations.
Peer comparison
Dec 31, 2023