Match Group Inc (MTCH)
Cash 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 and cash equivalents | US$ in thousands | 965,993 | 855,532 | 837,792 | 914,929 | 862,440 | 706,881 | 732,567 | 569,879 | 572,395 | 390,641 | 463,686 | 912,434 | 815,384 | 511,311 | 236,460 | 845,696 | 739,164 | 398,884 | 129,294 | 2,822,730 |
| Short-term investments | US$ in thousands | 4,734 | 5,323 | 5,812 | 5,938 | 6,200 | 5,936 | 8,349 | 8,448 | 8,723 | 7,678 | 9,240 | 8,663 | 11,818 | 11,874 | 12,453 | — | 347,976 | 347,976 | — | 69,912 |
| Total current liabilities | US$ in thousands | 549,461 | 530,288 | 512,335 | 518,890 | 531,768 | 570,135 | 534,158 | 552,366 | 556,354 | 601,736 | 627,686 | 1,074,030 | 1,168,300 | 747,954 | 577,967 | 469,924 | 500,036 | 488,195 | 459,042 | 1,064,420 |
| Cash ratio | 1.77 | 1.62 | 1.65 | 1.77 | 1.63 | 1.25 | 1.39 | 1.05 | 1.04 | 0.66 | 0.75 | 0.86 | 0.71 | 0.70 | 0.43 | 1.80 | 2.17 | 1.53 | 0.28 | 2.72 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($965,993K
+ $4,734K)
÷ $549,461K
= 1.77
The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet immediate financial obligations.
Based on the data provided for Match Group Inc, we observe fluctuations in the cash ratio over the analyzed periods. The cash ratio ranged from a low of 0.28 on June 30, 2020, to a high of 2.72 on March 31, 2020. These variations suggest changes in the company's liquidity position during the given timeframe.
It is important to note that a cash ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations solely with available cash. Match Group Inc's cash ratio consistently remained below 1 from June 30, 2020, to December 31, 2023, indicating potential liquidity challenges during these periods.
However, from March 31, 2024, onward, the cash ratio began to improve, reaching levels above 1. This indicates an enhanced ability to cover short-term obligations with cash reserves as the company's liquidity position improved over time.
Overall, monitoring the cash ratio of Match Group Inc is crucial in assessing its short-term liquidity and ability to meet financial obligations, as well as understanding the company's financial health and cash management practices.
Peer comparison
Dec 31, 2024