Match Group Inc (MTCH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,271,310 | 882,385 | 1,218,250 | 1,020,210 | 3,708,060 |
| Total current liabilities | US$ in thousands | 531,768 | 556,354 | 1,168,300 | 500,036 | 1,010,180 |
| Current ratio | 2.39 | 1.59 | 1.04 | 2.04 | 3.67 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,271,310K ÷ $531,768K
= 2.39
The current ratio of Match Group Inc. has fluctuated over the past five years. In 2019, the company had a high current ratio of 3.68, indicating that it had $3.68 in current assets for every $1 in current liabilities. This suggests the company had a strong ability to meet its short-term obligations.
However, the current ratio decreased significantly in 2021 to 1.04, which may raise concerns about the company's short-term liquidity and ability to cover its current liabilities with current assets. This could potentially indicate that Match Group Inc. may have struggled to meet its short-term obligations in that year.
The current ratio improved in 2022 to 1.59 and further increased in 2023 to 2.39. These higher ratios suggest that the company has enhanced its liquidity position and is in a better position to meet its short-term obligations with its current assets.
Overall, while the current ratio fluctuated over the five-year period, the recent increase in the ratio indicates an improvement in Match Group Inc.'s short-term liquidity position, which may be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2023