Match Group Inc (MTCH)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 862,440 | 572,395 | 815,384 | 739,164 | 465,676 |
| Short-term investments | US$ in thousands | 6,200 | 8,723 | 11,818 | 0 | 19,993 |
| Total current liabilities | US$ in thousands | 531,768 | 556,354 | 1,168,300 | 500,036 | 1,010,180 |
| Cash ratio | 1.63 | 1.04 | 0.71 | 1.48 | 0.48 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($862,440K
+ $6,200K)
÷ $531,768K
= 1.63
The cash ratio for Match Group Inc. has shown fluctuations over the past five years. The ratio peaked at 3.37 in 2019, indicating that the company had $3.37 in cash and cash equivalents for every $1 of current liabilities. However, there was a significant decline in the cash ratio in 2020 to 1.77, which suggests a decreased ability to cover short-term obligations with cash on hand.
Subsequently, in 2021, the cash ratio decreased further to 0.88, signaling a potential liquidity risk as the company may have had insufficient cash resources to meet immediate liabilities. The ratio improved in 2022 to 1.24, indicating a better position in terms of cash liquidity compared to the previous year.
In the latest year, 2023, the cash ratio increased to 1.83, showing a positive trend in the company's ability to cover short-term obligations with available cash. Overall, Match Group Inc. has experienced fluctuations in its cash ratio, and investors and stakeholders should closely monitor these changes to assess the company's liquidity position.
Peer comparison
Dec 31, 2023