Match Group Inc (MTCH)
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 | 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 | 791,321 | 465,676 | 366,447 | 266,374 | 2,217,340 |
| Short-term investments | US$ in thousands | 6,200 | 5,936 | 8,349 | 8,448 | 8,723 | 7,678 | 9,240 | 8,663 | 11,818 | 11,874 | 12,453 | — | 0 | 347,976 | — | 69,912 | 19,993 | 314,348 | 323,498 | 40,848 |
| Total current liabilities | US$ in thousands | 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 | 1,010,180 | 1,036,280 | 953,462 | 907,820 |
| Cash ratio | 1.63 | 1.25 | 1.39 | 1.05 | 1.04 | 0.66 | 0.75 | 0.86 | 0.71 | 0.70 | 0.43 | 1.80 | 1.48 | 1.53 | 0.28 | 0.81 | 0.48 | 0.66 | 0.62 | 2.49 |
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 of Match Group Inc. has shown a positive trend over the past eight quarters, indicating an improving liquidity position. The ratio has steadily increased from 0.98 in Q1 2022 to 1.83 in Q4 2023. This upward trend suggests that the company has been able to maintain a higher level of cash and cash equivalents relative to its current liabilities.
A cash ratio above 1 indicates that Match Group Inc. has sufficient cash on hand to cover its short-term obligations. The company's cash ratio has consistently remained above 1 since Q2 2022, reflecting a healthy liquidity position. This indicates that Match Group Inc. has a strong ability to meet its immediate financial obligations without relying on external sources of funding.
Overall, the increasing trend in Match Group Inc.'s cash ratio is a positive signal of the company's financial health and ability to manage its short-term liquidity effectively. An improving cash ratio suggests that the company is better positioned to weather any potential financial challenges or unexpected cash flow issues in the future.
Peer comparison
Dec 31, 2023