Match Group Inc (MTCH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,271,310 | 1,118,280 | 1,128,930 | 950,929 | 882,385 | 705,547 | 804,813 | 1,233,810 | 1,218,250 | 1,052,060 | 634,476 | 1,204,240 | 1,020,210 | 738,159 | 451,748 | 3,536,310 | 3,708,060 | 3,684,290 | 3,914,090 | 2,829,900 |
| 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 |
| Current ratio | 2.39 | 1.96 | 2.11 | 1.72 | 1.59 | 1.17 | 1.28 | 1.15 | 1.04 | 1.41 | 1.10 | 2.56 | 2.04 | 1.51 | 0.98 | 3.32 | 3.67 | 3.56 | 4.11 | 3.12 |
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 shown a fluctuating trend over the past eight quarters. The company's current ratio for Q4 2023 stands at 2.39, indicating that it has $2.39 in current assets for every $1 in current liabilities. This represents an improvement from the previous quarter and suggests that Match Group Inc. has sufficient current assets to cover its short-term obligations.
The current ratio has generally been increasing since Q1 2022 when it was at 1.15. This upward trend signals an improvement in the company's liquidity position over the past two years. It peaked at 2.39 in Q4 2023, which is the highest current ratio observed during this period.
The rising current ratio indicates that Match Group Inc. has been managing its current assets and liabilities effectively, potentially reducing its liquidity risk. However, it is important to note that a very high current ratio may also imply that the company is not efficiently utilizing its current assets to generate revenue.
Overall, the current ratio analysis suggests that Match Group Inc. has been strengthening its liquidity position and is likely in a good position to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023