Meta Platforms Inc. (META)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 85,365,000 | 78,378,000 | 69,560,000 | 52,483,000 | 59,549,000 | 58,315,000 | 55,987,000 | 59,265,000 | 66,666,000 | 75,421,000 | 80,697,000 | 77,322,000 | 75,670,000 | 65,799,000 | 68,130,000 | 69,349,000 | 66,225,000 | 62,079,000 | 57,961,000 | 53,300,000 |
| 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 |
| Current ratio | 2.67 | 2.57 | 2.32 | 2.07 | 2.20 | 2.57 | 2.52 | 2.81 | 3.15 | 4.23 | 5.43 | 6.08 | 5.05 | 5.51 | 6.02 | 4.60 | 4.40 | 4.66 | 4.47 | 5.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $85,365,000K ÷ $31,960,000K
= 2.67
Meta Platforms Inc's current ratio has fluctuated over the past eight quarters, ranging from a low of 2.07 in Q1 2023 to a high of 2.81 in Q1 2022. The current ratio measures the company's ability to pay off its short-term liabilities with its current assets. A higher current ratio generally indicates a stronger liquidity position, as it suggests the company has more current assets relative to current liabilities.
In the most recent quarter, Q4 2023, Meta Platforms Inc's current ratio was 2.67, indicating an improvement from the previous quarter. This suggests that the company's liquidity position strengthened in Q4 2023 compared to Q3 2023. Overall, the company has maintained a current ratio above 2 in most quarters, which is generally considered a healthy level and indicates that Meta Platforms Inc has sufficient current assets to cover its short-term obligations.
However, investors and analysts should continue to monitor Meta Platforms Inc's current ratio over time to assess any potential changes in the company's liquidity and financial health. fluctuations in the current ratio could indicate shifts in the company's operational efficiency, management of working capital, or financial risk.
Peer comparison
Dec 31, 2023