Meta Platforms Inc. (META)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 100,045,000 | 91,067,000 | 76,431,000 | 75,330,000 | 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 |
| Total current liabilities | US$ in thousands | 33,596,000 | 33,330,000 | 27,004,000 | 28,101,000 | 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 |
| Current ratio | 2.98 | 2.73 | 2.83 | 2.68 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $100,045,000K ÷ $33,596,000K
= 2.98
As of December 31, 2024, Meta Platforms Inc. had a current ratio of 2.98, which indicates that the company had $2.98 in current assets for every $1 in current liabilities. Over the past few years, the current ratio has experienced fluctuations, starting at a high of 6.02 in June 2020 and gradually declining to its current level.
A current ratio above 1 suggests that Meta Platforms Inc. had more than enough current assets to cover its short-term obligations at the end of the period. However, the decreasing trend in the current ratio may indicate a potential risk in the company's liquidity and ability to meet its short-term debt obligations. It is important for investors and stakeholders to monitor these trends closely to assess the company's financial health and ability to manage its short-term liabilities effectively.
Peer comparison
Dec 31, 2024